According to BlockBeats, Bitcoin miners have shown strong performance in the first two weeks of July. JPMorgan highlighted that the share of global hash rate held by US-listed Bitcoin miners reached a record 26.6%. This figure has increased by 2.4% since the end of June and by 5.6% since the Bitcoin halving event.
In June, the total capacity of mining machines listed in the US increased by 17 EH/s, reaching the highest level on record. The largest increases were seen in Riot Platforms (RIOT), Bitfarms (BITF), and CleanSpark (CLSK).
The bank noted that, except for Stronghold Digital (SDIG), which saw an 8% decline, all listed mining companies' stock prices outperformed Bitcoin during this period. Cipher Mining (CIFR) led the gains with a 44% increase.