Experts of one of the largest American JPMorgan banks said that public mining companies whose securities are traded on stock exchanges will strive to increase their share in the general hashrate of the Bitcoin network.

According to JPMorgan analysts, the largest mining companies are now attracting alternative financing, reducing their dependence on third -party electricity suppliers and cryptocurrency production equipment.

For example, in February, Mara Holdings bought a wind station in Texas in February, and Bitdeer – a gas power station in Canada. In addition, Bitdeer develops new, more effective mining chips that allows you to modernize equipment and sell outdated equipment.

If earlier major companies diversified business due to artificial intelligence and high-performance calculations (HPC), now they have made a bet on reducing costs due to power supply and their own equipment, JPMorgan experts noted.

In 2024, public miners actively attracted funding through the issue of shares. However, against the background of market cooling, they began to use debt instruments, trying to reduce the sale of their bitcoins and maintain funds to continue activities, analysts say.

Earlier, JPMorgan experts reported that the capitalization of 14 US public companies fell by 22% due to the fall in the cost of the first cryptocurrency.