Bitcoin mining fluctuation with a decrease in the profitability of miners, according to JPMorgan reports
- Bitcoin witnessed significant fluctuations in prices in late February and early March, with values fluctuating between $ 78,452 USD and 94,727 USD.
- JPMorgan reported a 22 % decrease in mining shares and a 5 % decrease in mining revenue, with average mining workers $ 54,300 per EH/S.
- Marathon Digital (MARA) recorded a 6 % decrease in the blocs that he won and produced by Bitcoin, due to February Luxor and increasing the difficulty of the network.
- The wider macroeconomic fears, including potential commercial tensions, add additional pressure to the ecosystem of the cryptocurrency and mining.
Encryption She continues her wild journeyLike seven days Bitcoin It seems that the graph is similar to the waves caused by Alfred from the Queensland coast at the present time. OG’s encryption price fell to $ 78,452 at the end of February and reached a top of $ 94,727 on March 3 – fluctuations that can even make the mixture the most solid in the stomach.
Bitcoin miners see a decrease in profits while Mara opens a new facility
But not only encryption traders and sailors in the storm, miners were not good either.
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According to a report issued by JPMorgan, mining shares decreased from 14 of the 22 % of the group. JPMorgan tracts public mines such as riots, Bitdeer, MARATHON Digital and Core Scientific.
The report also indicated that mining revenues for these companies decreased by 5 % in February of the previous month, and mining workers suggest on average US $ 54,300 (86,751 USD) per EH/S.
EH/s symbolizes Exhashes per second, a unit used to measure arithmetic energy or retail rate in bitcoin mining.
in press release Since yesterday, Maathon Digital (MARA) has also recorded a 6 % decrease in Bitcoin – some of the most important measures to assess the productivity of the mining factor.
“Bitcoin production per day increased by 4 % during January,” said Farid Thil, Chairman and CEO of MARA, while Bitcoin production decreased by 6 % month.
Fort Lauderdale, Florida, is about to finish building a new “40 -megawatt data center in Ohio”, which will eventually include more than ten thousand “PRO S21 Pro workers”.
Trump’s trade war raises more total concerns
The broader macroeconomic environment may cause more headaches for mines to move forward, as the tariff wars caused by Trump are concerned with investors.
US President Donald Trump launched a trade war by slapping the customs tariff for the main partners in Canada, Mexico and China.
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While China and Canada have already criticized with their own strong tariffs, Mexico President Claudia Shinbaum said she hoped to reach a deal with Trump.
Economists have condemned Trump’s move on a large scale and market interaction with panic. The S&P 500 has been erased almost all the gains made after the gathering on election day, such as breastfeeding Bloomberg Graphic offers on the day after the tariff announcement, one of the worst sales operations witnessed.
The encryption has not been avoided, as approximately 250,000 merchants have been ranked up to 778.39 million US dollars ($ 1.2 billion) in the past 24 hours, such as Data from Coinglass He appears.
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