#BitcoinHashRateSurge The overall hash rate of the Bitcoin network has increased by 33% since the beginning of the year. At the same time, since the end of September, it has increased by 4%, and the price per hash has risen by 1%. During the same period, the total market capitalization of 14 publicly traded Bitcoin miners has grown by 7%.
For example, shares of Stronghold Digital Mining have risen by 7.3%, securities of MARA (Marathon Digital) have gained over 9% in a month, and shares of Iris Energy have shown a growth of 23%.
The share of the first cryptocurrency in the market has reached a maximum in the last 3.5 years, increasing by 58%. This indicates that large investors continue to actively invest in Bitcoin.
Experts from JPMorgan noted that despite the decline in mining profitability, companies continue to develop their own infrastructure, trying to use the most energy-efficient equipment for mining digital assets.
Earlier, the CEO of Auradine, a company that produces chips for mining, Rajiv Khemani, stated that the decentralization of Bitcoin mining is a matter of national security for the United States.