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Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

U.S.-listed miners' share of the network hashrate increased to 26% this month, the highest level on record, the report said.

Updated Aug 16, 2024, 1:55 p.m. Published Aug 16, 2024, 1:52 p.m.
Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, JPMorgan said. (Christie Harkin/CoinDesk)
Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, JPMorgan said. (Christie Harkin/CoinDesk)