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.
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