The total hash rate of the US Bitcoin (BTC) miners traced by JPMorgan (JPM) has almost doubled from a year ago and now emerges for approx. 29% of the global network, the bank said in a report Tuesday.

The combined hash rate of the 14 companies “has risen ~ 95% Å/Å to 244 EH/S, against a 45% increase in the Hashrate network,” wrote analysts Reginald Smith and Charles Pearce.

The Hash Rate network is a power of attorney for competition in the industry and mining. The Bitcoin network Hashrate has risen about 6% so far this month and has risen 45% in the last 12 months, the report says.

“Average Bitcoin award also fell modestly from January and pressed mining economy,” the authors wrote.

The hash price, a target for daily mining of mining, fell 13% from the end of January when the Hashrate roast and the Bitcoin award fell, JPMorgan said.

The bank estimated that miners earned about $ 53,600 in daily block payments this month, 6% lower than in January.

The total market cap on Bitcoin mining stocks in the bank’s coverage was 1% lower than the previous month, the report added.

Iren (Iren) surpassed in the first two weeks of February with a 27%win, noted the bank. Greenidge Generation (GREE) Underprested with a decrease of 20%.

In a Monday report, broker Bernstein said the US Bitcoin mining rose their share of the network’s hash rate.

Read more: US-notified Bitcoin Mine Workers are growing their share of the Hash Rate network: Bernstein