Summary of the latest updates on the cryptocurrency mining industry in the United States
Contributions of leading Bitcoin mining companies
According to a research report from JPMorgan Chase (JPM), as of June 2023, publicly listed Bitcoin miners in the United States accounted for up to 31.5% of the global mining capacity of the network. This is the highest level ever, reflecting a boom in the U.S. cryptocurrency mining industry. These companies have consistently upgraded their machinery systems, adding 11 EH/s of processing power since April. Notably, the contributions of CleanSpark, Hive Technologies, and Riot Platforms stand out, creating a breakthrough in the market.
Changes in computing power and market trends
In the first two weeks of June, the average mining capacity of the entire network decreased by 10 EH/s, down to 890 EH/s. However, publicly listed mining companies still maintained an impressive growth rate of up to 99% compared to the same period last year. This shows the stability and adaptability of businesses in the context of fluctuating cryptocurrency prices. The total market value of the mining industry has increased by 10%, equivalent to $2.4 billion. Riot leads with a 20% increase in stock price; conversely, Bitfarms decreased by 9%. Hash prices, a measure of mining profitability, have decreased by 2% since the end of May, reflecting market volatility.
In-depth analysis of cryptocurrency mining trends in the United States
Outstanding growth of publicly listed miners
In the context of the global cryptocurrency market, reputable mining companies in the United States demonstrate strong scalability. These miners not only play a central role in the hashing network but also shine in stock value, as evidenced by Riot's 20% growth. As a result, they contribute to solidifying the position of the U.S. as the largest mining center in the world. The increase in mining capacity is mainly due to new hardware systems, more efficient mining, and energy optimization, driving down operational costs.
The impact of hash prices and market trends
Hash prices, an index used to value mining capability, have decreased by 2% since the end of May, reflecting a market correction in the short term. However, the increase in mining capacity has allowed companies to maintain better profits and energy reserves. As of now, the total value of the mining industry has surpassed $2.4 billion, demonstrating the strength of large mining enterprises, particularly in the context of global price adjustments.
Advice for investors and stakeholders
Investment opportunities in the cryptocurrency mining industry
Despite market fluctuations, the cryptocurrency mining industry in the United States continues to show resilience and strong expansion. Investors should pay attention to companies capable of optimizing energy and consistently upgrading hardware. The growth of Riot and other large companies demonstrates high profit potential, especially as the industry aims to enhance the influence of strong energy-saving solutions.
Advice on long-term strategy
In the long term, mining companies need to maintain stable capacity, expand hardware, and optimize operational processes. At the same time, factors such as changes in hash prices or fluctuations in the cryptocurrency market need to be closely monitored for appropriate responses. This will help investors benefit from positive trends and minimize risks from temporary fluctuations.
Source: https://tintucbitcoin.com/ty-le-may-dao-bitcoin-tai-my-dat-dinh-thang-6/
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