US Bitcoin Miners Expand Dominance but Face Profitability Challenges
The hashrate of US Bitcoin miners monitored by JPMorgan has nearly doubled over the past year, now representing approximately 29% of the global network
The hashrate of US Bitcoin miners monitored by JPMorgan has nearly doubled over the past year, now representing approximately 29% of the global network
As of the end of 2024, the U.S. represents over 40% of the Bitcoin network hashrate that is securing the blockchain.
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