JPMorgan: The network hash rate of US-listed mining companies reached 29% in October

ChainCatcher news, according to CoinDesk, JPMorgan stated in a research report that the combined hash rate of 14 publicly listed Bitcoin mining companies tracked by the investment bank currently accounts for 28.9% of the network hash rate, reaching a historic high.

Analysts Reginald Smith and Charles Pearce wrote, "The total hash rate of the 14 U.S. listed miners tracked has grown by about 70% (80 EH/s) so far this year, reaching 194 EH/s, while the network hash rate has increased by 33%, currently accounting for a record approximately 28.9% of the global network hash rate." The bank noted that this figure has grown by nearly 8% since the Bitcoin halving event earlier this year, reflecting the efficiency and financing advantages of some publicly listed miners.

Additionally, as Bitcoin rises, mining stocks have increased in the first two weeks of this month, while companies in the high-performance computing (HPC) sector continue to attract interest from hyperscale enterprise transactions.