The total market capitalization of the 14 US miners that are quoted in the stock market that the Wall Street Bank JPMorgan (JPM) tracks fell 22% in February when the price of Bitcoin (BTC) decreased and the mining economy was under pressure.
Bitcoin miners with high -performance computing exposure (HPC) fell after the Artificial Intelligence (AI) announcement of Deepseek, and due to concerns about the capacity demand for short -term data centers, the bank said.
Income and profitability fell last month. The Bank estimated that Bitcoin miners earned $ 54,300 for EH/s on average in daily block reward in February, a 5% decrease in the previous month.
“The gross gain of the daily block reward decreased 9% of m/ma $ 29,500 for EH/s in February,” the reginald Smith and Charles Pearce analysts wrote.
The average network hashrate increased 3% to 810 exahashes per second (EH/s) last month, according to the report.
The hashrate refers to the total combined computational power used to extract and process transactions in a work test block chain.
The mining difficulty increased by 2% from January, the bank said. The difficulty of the network is now 28% higher than before the event in half in April last year.
Core Scientific (Corz) was the best performance with a 9% drop, and Greenidge Generation had a lower yield with a 36% decrease for the month, the report added.
Read more: Bitcoin miners trading in the United States represented 29% of the global hashrate in February: Jpmorgan
