The total market capital for the 14 publicly noted US miners that Wall Street Bank JPMorgan (JPM) tracks dropped 22% in February when the price Bitcoin (BTC) fell and mining economy was under pressure.
Bitcoin Mine Workers with High Performance Computing (HPC) exposure dropped after the deepseek artificial intelligence (AI) message, and due to concerns about the demand for data center capacity in the short term, the bank noted.
Revenue and profitability fell last month. The bank estimated that Bitcoin mine workers earned $ 54,300 per EH/SI Average in daily block -paying revenue in February, a 5% decrease from the previous month.
“The daily gross profit of blocking the block dropped 9% m/m to $ 29,500 per EH/SI February,” wrote analysts Reginald Smith and Charles Pearce.
The average network hash rate increased 3% to 810 exahashes per day. Second (EH/S) last month, the report says.
Hashrate refers to the total combined calculation strength used to mine and treat transactions on a proof-of-work blockchain.
Mining’s difficulty rose 2% from January, the bank said. Network problems are now 28% higher than before the halving event in April last year.
Core Scientific (Corz) was the best artist with a 9% drop, and Greenidge -Generation underpointed with a 36% decrease for the month, the report added.
Read more: US-notified Bitcoin Mine Workers accounted for 29% of the global hash rate in February: JPMorgan
