Bitcoin $101,851.7 (BTC) mining industry has made a positive start to 2025. According to JPMorgan’s analysis, in the first two weeks of the year, 12 of 14 mining companies showed a stronger performance, outperforming Bitcoin. The network hashrate increased by 2 percent during this period, reaching 793 exahash/second, and increased by 51 percent compared to the same period last year.
Mining Profitability Increased
Bitcoin networkThe hashrate reflects the intensity of mining activities and competition in the sector. According to JPMorgan’s report hash price Daily mining profitability, known as , fell just 1 percent compared to the end of the year. According to the bank’s analysts, miners earned approximately $54,900 per EH/s per day in the first two weeks of January. This represents a 2 percent decrease compared to last month.
14 major US-based companies mining company‘s total hashrate has doubled in the last 12 months, accounting for 30 percent of the global network. The total market value of these companies increased by 16 percent by 4.5 billion dollars in the first two weeks of the year.
Riot Platforms (RIOT) took the lead with an increase of 32 percent, while Bitdeer was the worst performer with a decrease of 4 percent. Bitcoin mining company happened.
Bitcoin’s Industry Performance
Bitcoin has increased its value by 56 percent since the block reward halving event in April 2024 and by 134 percent on a yearly basis. This increase in value achieved by the largest cryptocurrency presented a significant growth opportunity for the mining industry. JPMorganHe stated that the hashrate increase outpaced Bitcoin’s price movements, which further increased the competition in the sector.
Strong start of mining companies cryptocurrency marketIt draws an optimistic picture for 2025. The sector is at a point where it can be monitored more closely with increasing network power and market values.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
