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JPMorgan Chase, 14 US-listed bitcoin mining companies with a total market value of $56 billion, a record high

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2025-10-01 13:57:37
According to a report released Wednesday by JPMorgan, the total market capitalization of the 14 US-listed bitcoin mining companies it tracks topped $50 billion for the first time last month, reaching $56 billion, a 43% increase from the previous month. The report noted that 12 of the 14 mining companies outperformed bitcoin itself in September.
At the same time, the average hashrate of the bitcoin network increased by 9% month-on-month in September, reaching 10,31EH/s. However, despite the increase in market capitalization and hashrate, the profitability of miners has been squeezed by increased hashrate competition. The report estimates that miners' daily block reward revenue fell by 10% month-on-month in September, while gross profit fell by 17% month-on-month.
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