JPMorgan Chase: The total market value of 14 US-listed mining companies decreased by 22% to $6 billion in February
Analysts at JP Morgan wrote in their latest cryptocurrency report that the total market value of 14 top US listed miners decreased by 22% -- $6 billion, just in February. The companies tracked by this top investment bank include Core Scientific, Greenidge and MARA Holdings.
JP Morgan's report also pointed out that these companies' revenues have declined. The bank's analysts predict that the average daily block reward income per EH/s for Bitcoin miners in February was $54,300, a decrease of 5% from the previous month.
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