JPMorgan Chase: Bitcoin mining companies listed in the United States set a new historical high in the proportion of computing power on the entire network in June

According to CoinDesk, JPMorgan Chase (JPM) stated in a research report released on Monday that the total computing power of the 13 US listed Bitcoin mining companies tracked by the bank currently accounts for approximately 31.5% of global network computing power, reaching a historic high. These mining companies have added 11EH/s computing power since April, mainly driven by CleanSpark, Hive Technologies, and Riot Platforms. The report points out that although the average computing power of the entire network decreased by 10EH/s to 890EH/s in the first two months of June, the computing power of listed mining companies still increased by 99% year-on-year, far exceeding the 55% year-on-year growth rate of the entire network. During the same period, the total market value of mining companies increased by 10% (2.4 billion US dollars), with Riot's stock price performing the best, rising by 20%, while Bitfarms fell by 9%. The current hash price has fallen by 2% since the end of May.