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Reading: Bitcoin Miners Start 2025 with Remarkable Performance and Optimism
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COINTURK NEWS > Bitcoin (BTC) > Bitcoin Miners Start 2025 with Remarkable Performance and Optimism
Bitcoin (BTC)

Bitcoin Miners Start 2025 with Remarkable Performance and Optimism

In Brief

  • The Bitcoin mining sector begins 2025 positively, outperforming Bitcoin itself.

  • Mining profitability shows mild declines, reflecting strong sector health.

  • JPMorgan reports intensified competition due to significant hashrate increases.

İlayda Peker
İlayda Peker 5 months ago
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The Bitcoin (BTC) $105,221 mining sector kicked off 2025 on a positive note. According to JPMorgan’s analysis, 12 out of 14 mining companies outperformed Bitcoin’s performance in the first two weeks of the year. During this period, the network’s hashrate increased by 2% to reach 793 exahash/second, marking a 51% rise compared to the same timeframe last year.

Contents
Mining Profitability IncreasedBitcoin’s Sector Performance

Mining Profitability Increased

The hashrate on the Bitcoin network reflects the intensity of mining activities and competition within the sector. JPMorgan’s report indicates that the daily mining profitability, known as hashrate price, declined by only 1% compared to the end of last year. According to the bank’s analysts, miners earned approximately $54,900 daily for each EH/s in the first two weeks of January, representing a 2% decrease from the previous month.

Bitcoin Mining

The combined hashrate of 14 major mining companies based in the United States has doubled in the last 12 months, accounting for 30% of the global network. The total market value of these companies increased by 16% to $4.5 billion in the first two weeks of the year.

Riot Platforms led with a 32% increase, while Bitdeer experienced the worst performance with a 4% decline.

Bitcoin’s Sector Performance

Since the halving event in April 2024, Bitcoin’s value has increased by 56%, with a year-over-year rise of 134%. This significant value growth for the largest cryptocurrency presents a major expansion opportunity for the mining sector. JPMorgan noted that the increase in hashrate surpassing Bitcoin’s price movements has intensified competition within the industry.

The strong start of mining companies paints an optimistic picture for the cryptocurrency market in 2025. With increased network power and market values, the sector is now under closer observation.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 17 January, 2025 - 6:35 pm 17 January, 2025 - 6:35 pm
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