JPMorgan: Bitcoin mining profitability rose for the second consecutive month in December

2025-01-07 18:10:50

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ChainCatcher news, citing a report from JPMorgan, states that Bitcoin (BTC) miners' profitability rose for the second consecutive month in December 2024, reaching the highest level since April 2024. Nevertheless, miners' daily revenue and gross margins remain 43% and 52% below pre-halving levels, respectively.

JPMorgan estimates that the average daily block reward income for miners in December was $57,100 per EH/s, a 10% increase from November. Bitcoin's hash rate growth has slowed, increasing by 6% in December to an average of 779 EH/s, with an annual growth of 54%, down from 103% in 2023.

Additionally, the total market capitalization of the 14 publicly traded mining companies tracked by JPMorgan fell by 23% in December to $28 billion, with TeraWulf (WULF) standing out, achieving a 136% increase for the year, surpassing Bitcoin's approximately 120% increase.

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