Bitcoin miners have had a robust beginning to 2025, outperforming Bitcoin itself according to JPMorgan. The combined hashrate of 14 miners monitored by the bank has surged by 51% compared to a year ago, now representing approximately 30% of the global network. In the first two weeks of January, the network hashrate increased by 2% to an average of 793 exahashes per second (EH/s). Daily mining profitability, indicated by the hashprice, saw a slight decline of less than 1% since December due to faster hashrate growth compared to Bitcoin's price movement. Miners earned about $54,900 in daily block reward revenue per EH/s during this period. The market cap of these mining entities rose by 16%, equating to $4.5 billion. Riot Platforms excelled with a 32% gain, while Bitdeer saw a 4% decrease. Year-over-year, Bitcoin has risen 134%.

Source 🔗