JPMorgan experts Reginald Smith and Charles Pearce reported that the combined market capitalization of 14 companies whose shares are traded in the U.S. has increased by 29% since the end of June 2024. Their share prices have also reached record highs.
The share of public companies in the global Bitcoin hashrate has increased by 2.9% since the end of June, and since the first cryptocurrency’s halving in April 2024, the increase has amounted to 5.6%.
The report highlights that the global Bitcoin network hashrate has increased by 1% since June, but it is still 60 EH/s below the pre-halving level. US-listed Bitcoin miners added about 17 EH/s in June, with Riot Platforms (RIOT), Bitfarms (BITF), and CleanSpark (CLSK) leading the gains.
According to experts, the growth in indicators is due to the fact that the capacity of Bitcoin mining companies can be expanded to the artificial intelligence sector to perform high-performance computing in data centers.
Earlier, JPMorgan reported that the market capitalization of 14 leading US mining companies reached a record high of $22.8 billion.
Source: Bits
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