The Bitcoin miners (BTC) that appear in the US are increasing their part of the Network hashrate, said Bernstein corridor in a report on Monday.
The hashrate refers to the total combined computational power used to extract and process transactions in a chain of work test blocks and is a proxy of competition in industry and mining difficulty.
“Bitcoin miners contain in the United States are increasing their participation in the hashratate of the network, taking advantage of access to capital, land and power,” wrote the analysts led by Gautam Chugani.
These companies increased their part of the Bitcoin network to around 29% in January, from approximately 20% a year ago, according to the report, he added that the large miners aggressively expanded their hashratos in 2024.
Iren (Iren) is growing the fastest hash.
Bernstein has a higher performance rating in Iren (PT $ 26), Cleanspark (PT $ 30) and riot platforms (PT $ 22). Mara Holdings (PT $ 23) has a market performance rating.
Iren, Mara Holdings and Cleanspark performed well in “energy efficiency and activity time,” the report added.
Wall Street Bank JPMorgan (JPM) said that January was a quiet month for the growth of hashrate.
Read more: The hashrate growth of the Bitcoin network was silenced in January: JPMorgan
