JPMorgan: U.S.-Listed Bitcoin Mining Companies Achieved Record 28.9% of Network Capacity in October
The 14 U.S.-listed bitcoin miners tracked by JPMorgan have reportedly reached a record 28.9% share of network arithmetic in October, having increased by about 70% (80 EH/s) to 194 EH/s so far, while network arithmetic has increased by 33%. So far this month, network arithmetic has increased by 4% to an average of 672 EH/s, JPMorgan noted.
Mining stocks have risen in the first two weeks of the month as bitcoin has risen, with Greenidge Generation (GREE) outperforming the broader market, up 29%, and Stronghold (SDIG) lagging the broader market, down 17%, JPMorgan noted.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
China Civil Aviation Information Network Explores the "Aviation Travel Chain" Blockchain and Its On-Chain Products
Kaito AI Adds "PFP Proof" as a Contribution Multiplier in Its Rankings
Kerberus acquires Pocket Universe for a seven-figure sum to develop crypto-specific antivirus software
Trending news
MoreCrypto prices
More








