{"id":25774,"date":"2025-08-02T13:22:23","date_gmt":"2025-08-02T10:22:23","guid":{"rendered":"https:\/\/forklog.com\/en\/jpmorgan-labels-july-a-successful-month-for-bitcoin-miners\/"},"modified":"2025-08-02T13:22:23","modified_gmt":"2025-08-02T10:22:23","slug":"jpmorgan-labels-july-a-successful-month-for-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-labels-july-a-successful-month-for-bitcoin-miners\/","title":{"rendered":"JPMorgan Labels July a ‘Successful’ Month for Bitcoin Miners"},"content":{"rendered":"

In July, the profitability of mining the leading cryptocurrency by public companies in the United States reached its highest level since the last halving, according to CoinDesk<\/a>, citing a report from JPMorgan.<\/p>\n

Experts estimate that miners experienced “another successful month,” with average revenue of $57,400 per 1 EH\/s of hash rate, marking a 4% increase compared to June.<\/p>\n

However, “daily revenue and gross profit per EH\/s remain 43% and 50% below pre-halving levels, respectively,” noted the bank’s analysts.<\/p>\n

The reduction in block reward from 6.25 BTC to 3.125 BTC occurred<\/a> in April 2024.<\/p>\n

According to JPMorgan data, the network’s hash rate in July also increased by 4%, reaching 899 EH\/s after a decline in the previous month.<\/p>\n

Mining difficulty rose<\/a> by 9% over the period. The current value of the parameter is 48% higher than recorded before the last halving.<\/p>\n

Shares of 10 out of 13 companies tracked by JPMorgan outperformed the leading cryptocurrency in July. Argo Blockchain led with a 66% increase in stock prices, while Core Scientific showed the worst result with a 21% decline.<\/p>\n

According to BitcoinMiningStock<\/a>, the share of exchange-traded firms in the global bitcoin hash rate reached 37.5%.<\/p>\n

Public Miners Expand Capacity<\/h2>\n

Meanwhile, the mining firm American Bitcoin Corporation (ABC), associated with the family of former U.S. President Donald Trump, is nearing a Nasdaq listing. According to TheMinerMag<\/a>, the company announced plans in May to merge with the publicly traded Gryphon Digital Mining.<\/p>\n

On July 31, ABC notified the U.S. Securities and Exchange Commission that a shareholder vote on the proposed acquisition would take place on August 27. The regulator approved the S-4 registration form, paving the way for the deal.<\/p>\n

Earlier this year, Hut 8 spun off<\/a> American Bitcoin as a subsidiary. The company retained a controlling stake in the new enterprise in exchange for a fleet of mining rigs.<\/p>\n

As of May 30, ABC had a hash rate of about 10 EH\/s. The company aims to increase this figure to 25 EH\/s. Plans include the potential purchase of deployed rigs from Hut 8 with a total capacity of 15 EH\/s.<\/p>\n

The largest public bitcoin miner, MARA, indicated in a quarterly report that<\/a> it received Teraflux devices from the American startup Auradine worth $73.3 million in the first half of the year.<\/p>\n

At the time of the last halving, MARA’s fleet consisted almost entirely of Bitmain rigs. However, in the following months, the company invested a total of $85.4 million in Auradine, secured a seat on the startup’s board of directors, and transitioned to purchasing American-made equipment.<\/p>\n

Amid uncertainty over customs duties, Canaan scaled<\/a> its mining rig production capacity in the U.S. Bitmain announced<\/a> plans to begin full-scale production in the country at the start of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

In July, the profitability of mining the leading cryptocurrency by public companies in the United States reached its highest level since the last halving, according to CoinDesk, citing a report from JPMorgan. Experts estimate that miners experienced “another successful month,” with average revenue of $57,400 per 1 EH\/s of hash rate, marking a 4% increase […]<\/p>\n","protected":false},"author":1,"featured_media":25773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,229,1252],"class_list":["post-25774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-jpmorgan","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25774"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25773"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}