JPMorgan Chase: The network hash rate of U.S. listed mining companies reached 29% in October

In a research report, JPMorgan Chase stated that the combined hash rate of the 14 Bitcoin mining companies it tracks, which are listed in the United States, currently accounts for 28.9% of the network hash rate, setting a new historical high.

Analysts Reginald Smith and Charles Pearce wrote: "The total hash rate of the 14 tracked U.S.-listed miners has grown by about 70% (80 EH/s) so far this year to reach 194 EH/s, while the network hash rate has increased by 33%, currently accounting for a record approximately 28.9% of global network hash rates." The bank said that since Bitcoin's halving event earlier this year, this figure has grown nearly by 8%, reflecting some listed miners' efficiency and financing advantages. In addition, as Bitcoin rises, mining stocks have risen in the first two weeks of this month while companies in High-Performance Computing (HPC) continue to attract interest from large-scale corporate transactions. (Coindesk)