đ Bitcoin Miners Break Records in June! đ
U.S.-listed Bitcoin miners hit a record total market cap of $22.8 billion in June, thanks to a strong performance from mining stocks. This surge was fueled by Core Scientificâs exciting AI deal with CoreWeave, which sent investor optimism soaring.
JPMorgan's latest report highlights that almost all of the 14 tracked mining companies outperformed Bitcoin itself in the first half of June. Core Scientific led the pack with a whopping 117% gain, while Argo Blockchain lagged, dropping 7%. Meanwhile, Bitcoin slipped by 3%.The report also noted that U.S. miners increased their share of the global network hashrate for the second consecutive month, now accounting for about 23.8%. This growth is a positive sign that less efficient operators are scaling back, making way for stronger players.With mining difficulty continuing to fall since April's reward halving, it's clear that the U.S. Bitcoin mining sector is on the rise, setting new standards and breaking records! đ„