According to CoinVoice, as reported by CoinDesk, on Thursday, Wall Street bank JPMorgan pointed out in a research report that in April, Bitcoin mining companies with high-performance computing (HPC) businesses have underperformed BTC for three consecutive months. To reduce their reliance on cryptocurrency, some Bitcoin mining companies have shifted to new fields, such as providing HPC services to the rapidly growing artificial intelligence (AI) market.
With the rise in network hash rate, mining profitability declined in April, with daily block reward income decreasing by 6% compared to March. At the same time, the average hash rate in April increased by about 56 EH/s, a month-on-month growth of 6%, reaching 872 EH/s, marking the second-highest historical increase in monthly average network hash rate. The total market capitalization of 13 U.S.-listed mining stocks tracked by the bank increased by 12% compared to March, with Greenidge (GREE) performing particularly well in April, rising by 46%. [Original link]
