JPMorgan: Bitcoin network hash rate increased by 2% in the first two weeks of May

ChainCatcher news, according to CoinDesk, JPMorgan pointed out in a research report released on Friday that the Bitcoin network hash rate increased by 2% in the first two weeks of May, averaging 88 5EH/s per second.

As Bitcoin prices rise, miners' gross margins have expanded month-on-month, improving the mining economy and enhancing miners' profitability. The hash price, which measures daily mining profitability, has risen by 13% compared to April, a situation that is "encouraging."

Analysts stated that in the first two weeks of this month, miners earned approximately $50,100 per EH/s in daily block rewards, an increase of 13% compared to last month and a 3% increase year-on-year. Additionally, U.S.-listed mining companies maintain a network hash rate share of about 30.5%, up 1.1% from April. The total market capitalization of the 13 U.S. Bitcoin mining stocks tracked by the bank has increased by 24% this month, or $4.6 billion, with Bitdeer rising by 43% and Greenidge falling by 5%.