Bitcoin Mining Stocks Plunge as Network Hashrate Surges, Squeezing Profit Margins: JPMorgan Report

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1 year ago 248

Bitcoin mining stocks have reportedly faced significant setbacks in the first two weeks of August, reversing gains linked to artificial intelligence (AI) hype as the network hash rate surged. According to an article by Will Canny for CoinDesk, citing a research report released by JPMorgan last Friday, the rising hash rate has pushed mining profitability […]



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