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The full marketplace headdress of the 14 publicly-listed U.S. miners that Wall Street slope JPMorgan (JPM) tracks dropped 22% successful February arsenic the bitcoin (BTC) terms declined and mining economics came nether pressure.
Bitcoin miners with precocious show computing (HPC) vulnerability fell pursuing the DeepSeek artificial quality (AI) announcement, and owed to concerns astir request for information halfway capableness successful the near-term, the slope noted.
Revenue and profitability fell past month. The slope estimated that bitcoin miners earned $54,300 per EH/s connected mean successful regular artifact reward gross successful February, a 5% diminution from the period previous.
"Daily artifact reward gross nett declined 9% m/m to $29,500 per EH/s successful February," analysts Reginald Smith and Charles Pearce wrote.
The mean web hashrate roseate 3% to 810 exahashes per 2nd (EH/s) past month, the study said.
The hashrate refers to the full combined computational powerfulness utilized to excavation and process transactions connected a proof-of-work blockchain.
Mining trouble roseate 2% from January, the slope said. Network trouble is present 28% higher than earlier the halving event successful April past year.
Core Scientific (CORZ) was the champion performer with a 9% drop, and Greenidge Generation underperformed with a 36% diminution for the month, the study added.
Read more: U.S.-Listed Bitcoin Miners Accounted for 29% of Global Hashrate successful February: JPMorgan
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