Bitcoin Network Hashrate, a power of attorney for competition in the industry and mining, rose slightly in January, Wall Street Bank JPMorgan (JPM) said in a research report on Monday.

The monthly average network hash rate increased 1% to 785 exahashes per day. Second (EH/S), noted the bank while mining was 2% month to month.

The monthly, weekly slippery average was 781 EH/S, a 2% decrease from the end of December, the report said.

“This is relatively unusual and a modest wind to Bitcoin (BTC) mining,” Analysts Reginald Smith and Charles Pearce wrote, adding that network problems remain 25% higher than before the halving event last April.

According to a Coindesk report from Tuesday, Bitcoin’s 7-day sliding average hash rate hit a highlight of 833 exahashes per day. Second (EH/S).

Mining’s profitability was also higher in January. The bank estimated that miners on average earned $ 57,200 per EH/SI daily blocking revenue, an increase of less than 1% from December.

The total market sheath for Bitcoin mining workers, which the bank is tracking rose 5% from the previous month.

Cipher Mining (CIFR) and RIOT Platforms (RIOT) surpassed 23% and 16% respectively after advertising High Performance Computing (HPC) related news.

Terawulf (Wulf) underpinned in January, with the shares dropped 16%.

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