Record Market Cap of $22.8 Billion for US-Listed Bitcoin Miners, According to JPMorgan
As of June 15, U.S.-listed bitcoin miners have achieved a record market capitalization of $22.8 billion, driven by significant stock gains in Core Scientific, Terawulf, and Iren.
According to JPMorgan. The sector’s market cap has risen 24% since late May, spurred by a proposed acquisition and partnership deals involving Core Scientific. Marathon Digital leads as the largest U.S.-listed bitcoin miner. This growth is also due to U.S. miners’ increasing share of the network hashrate, now at 23.8%. Despite a general decline in hashrate, hashprice remains low, suggesting potential for future growth.
Clever Robot News Desk 18th June 2024
