According to TechFlow, Coindesk reported that the JPMorgan report pointed out that the total market value of 14 US-listed Bitcoin miners has risen by 29% since the end of June, and its global computing power share reached a record high of 26.6% in July. This figure has increased by 2.4% since the end of June and 5.6% since the Bitcoin halving. In June, the total capacity of US-listed mining machines increased by 17 EH/s, reaching the highest level on record.

With the exception of Stronghold Digital (SDIG), which fell 8%, all other miners outperformed Bitcoin during this period. The largest gainers included Riot Platforms (RIOT), Bitfarms (BITF), and CleanSpark (CLSK). The report also mentioned that artificial intelligence and high-performance computing (HPC) may provide more value-added use cases for Bitcoin mining farms.