JPMorgan Chase: The average monthly computing power of the Bitcoin network decreased by about 3% in June, possibly due to the heat wave affecting miners' adjustments to operations

2025-07-01 11:39

Odaily Planet Daily News: JPMorgan Chase reported on Tuesday that the monthly average computing power of the Bitcoin network decreased by about 3% in June, mainly due to the recent heatwave causing miners to reduce operations. However, the profitability of Bitcoin mining continues to improve. Last month, the average daily block reward income of miners reached $55300 per EH/s, an increase of 7% compared to April. The gross profit of daily block rewards increased by 13% month on month, reaching a new high since January. The report also stated that the total market value of the 13 US listed Bitcoin mining companies tracked by the bank increased by 23% compared to last month, reaching approximately $5.3 billion. (CoinDesk)

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