Odaily Planet Daily reported that on Thursday, Wall Street bank JPMorgan stated in a research report that in April, Bitcoin mining companies with high-performance computing (HPC) operations underperformed BTC for three consecutive months. To reduce reliance on cryptocurrencies, some Bitcoin miners have ventured into new fields, such as providing HPC services to the rapidly growing artificial intelligence (AI) market. As the network hash rate rises, mining profitability declined in April, with daily block reward revenue decreasing by 6% compared to March. At the same time, the average hash rate in April rose by about 56 EH/s, a month-on-month increase of 6%, reaching 872 EH/s, marking the second highest historical month-on-month increase in average network hash rate. The total market capitalization of 13 US-listed mining stocks tracked by the bank grew by 12% compared to March, among which Greenidge (GREE) performed particularly well in April, with an increase of 46%. (CoinDesk)

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