According to a report by JPMorgan, the Bitcoin (BTC) network hashrate surged by 4% in the first two weeks of August, averaging 937 exahashes per second (EH/s). This increase marks a significant rise of 94% year-on-year for the 13 U.S.-listed mining companies tracked by the bank, which now represent a record high of 33.6% of the global Bitcoin mining network. In addition, the estimated earnings from daily block rewards for miners reached approximately $56,300 per EH/s during this period, reflecting a slight 2% decrease from the previous month. The report also highlighted that the hashprice, a critical metric for mining profitability, fell by 2% since late July. Furthermore, the total market capitalization of the bitcoin mining companies tracked by JPMorgan increased by 6% to $33.7 billion. Notably, TeraWulf saw significant growth, skyrocketing 74% in value after announcing a partnership with Fluidstack and securing investment from Google, while Riot Platforms experienced a decline of 16%.

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