According to CoinDesk, the 14 US-listed Bitcoin mining companies tracked by JPMorgan Chase accounted for a record 28.9% of the network computing power in October, and have increased by about 70% (80 EH/s) to 194 EH/s so far, while the network computing power has increased by 33%. JPMorgan Chase pointed out that the network computing power has increased by 4% so far this month to an average of 672 EH/s.

JPMorgan noted that mining stocks rose in the first two weeks of the month as Bitcoin rallied, with Greenidge Generation (GREE) outperforming the broader market, up 29%, and Stronghold (SDIG) underperforming, down 17%.