Bitcoin miners' profitability welcomes good news in December 2024! According to a report by JPMorgan, miners' profitability has risen for two consecutive months, reaching the highest level since April 2024. However, miners' daily income and gross margin remain below pre-halving levels, at 43% and 52%, respectively.

JPMorgan pointed out that the average daily block reward income for miners in December was $57,100 per EH/s, an increase of 10% from November. Bitcoin's hash rate growth has slowed, increasing only 6% in December, with a 54% growth for the year, far below the 103% growth in 2023.

Despite this, the total market value of the 14 listed mining companies tracked by JPMorgan fell by 23% in December, but TeraWulf stood out with a yearly increase of 136%, surpassing Bitcoin's 120% increase.📈