The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit a record high in June, the report said.
U.S.-listed miners increased their share of the global network hashrate for the second month in a row.miners followed by JPMorgan hit a record high of $22.8 billion on June 15, the Wall Street bank said in a research report on Monday. Bitcoin mining stocks gained in the first half of the month as investors reacted positively to news of Core Scientific’s, a proxy for industry competition and mining difficulty, declined ~7 EH/s since May,” analysts Reginald Smith and Charles Pearce wrote.
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