Report: Bitcoin network computing power increased by 2% in the first two weeks of May, and miners' gross profit expanded as Bitcoin prices rose

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On May 19, JPMorgan's research report released on Friday noted that the Bitcoin network's hash rate increased by 2% in the first two weeks of May, averaging 885 EH/s. As Bitcoin prices rise, miners' gross margins expanded month-on-month, improving mining economic conditions and profitability. The hash price measuring daily mining profitability increased by 13% compared to April.

Analysts stated that in the first two weeks of this month, miners' daily block reward income per EH/s was approximately $50,100, a 13% increase from the previous month and a 3% year-on-year increase. Additionally, US-listed mining companies maintained their network hash rate share, currently around 30.5%, up 1.1% from April. The total market capitalization of the 13 Bitcoin mining stocks tracked by the bank rose 24% this month, reaching $4.6 billion, with Bitdeer rising 43% and Greenidge falling 5%.

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