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JPMorgan Chase: US-listed mining companies' network hash rate reached a record 29% in October.

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2024-10-16 13:17:52
The mixed hash rate of the 14 US-listed bitcoin mining stocks tracked by JPMorgan now accounts for a record 28.9 per cent of the network's hash rate. "The total hash rate of the 14 US-listed miners tracked has increased by about 70 per cent year-to-date (80 EH/s) to 194 EH/s, while the network hash rate has increased by 33 per cent and now accounts for a record 28.9 per cent of the global network's hash rate," wrote analysts Reginald Smith and Charles Pearce.
The bank said that the figure has increased by nearly 8% since the bitcoin halving event earlier this year, reflecting the efficiency and funding advantages of some listed miners.
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