📉 March was a tough month for U.S.-listed bitcoin miners, with their total market cap dropping 25%, marking the third-worst monthly performance on record, according to JPMorgan. Only Stronghold Digital Mining (SDIG) outperformed bitcoin, while others, especially those with high performance computing exposure, struggled.

- Average network hashrate rose slightly to 816 EH/s, indicating increased competition.

- Mining revenue and profitability took a hit, with daily block reward revenue down 13% from February.

What do you think is next for bitcoin miners? Share your thoughts in the comments! 💬