- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Bitcoin mining profits soared by 36% in May.
- Sector’s market value rose 19% in May.
Reginald Smith and Charles Pearce from JPMorgan Chase report a 36% surge in daily Bitcoin mining profits and a 19% sector market value increase in May.
Bitcoin mining profits rose significantly, indicating improved industry prospects and renewed investor interest, while institutional participation might also grow.
JPMorgan’s analysis highlighted a 36% increase in average daily Bitcoin mining profits for May. The report noted a 19% rise in the market value of companies within the sector. These firms tracked by JPMorgan enjoyed a month of robust performance. Among these, Bitdeer saw a remarkable 43% increase in market cap. Analyst Reginald Smith estimated that miners earned 13% more daily block revenue compared to the previous month.
“We estimate miners earned approximately $100 daily block revenue per/s during the first two weeks of the month, marking a 13% increase from the previous month and a 3% rise year-over-year.” — Reginald Smith, JPMorgan Report
The increase follows a 2% global hashrate rise and a 13% gain in hashprice, which reflects mining profitability. The data suggests a favorable climate for Bitcoin miners, who may attract increased institutional investment due to improved market sentiment. Some companies have outperformed, evidenced by Bitdeer’s market cap performance, while others like Greenidge experienced declines. Bitdeer’s gains have demonstrated confidence among investors, amid enhanced mining profitability factors.
Current market optimism mirrors historic post-halving profitability spikes, driven by reduced volatility and improved network conditions. This previously observed pattern often leads to increased mining valuations. The rebound mirrors events after Bitcoin halvings, suggesting a repeat in mining capitalization trends could be on the horizon. In conclusion, while the observed profitability surge signals positive momentum, the overall market response and future investment shifts remain pivotal to watch.
About the author
Citadel Warns U.S. Deficit as Economic Risk
Citadel Securities warns of U.S. fiscal deficit risks, impacts crypto markets.
Coinbase Lists Fartcoin and Subsquid on Roadmap
Coinbase adds Fartcoin and Subsquid to its asset listing roadmap, indicating a future listing.
Tether Invests in Shiga Digital to Boost USDT in Africa
Tether expands USDT stablecoin use in Africa via investment in Shiga Digital. Aims to simplify business payments and stabilize financial infrastructure.
Bitcoin Drops Below $101,000 Amid Market Volatility
Bitcoin slips below $101,000, impacting major cryptocurrencies like ETH, SOL, and SUI.
Pi Coin Trading Begins Amid Market Uncertainty
Pi Coin launches on select exchanges with initial trading challenges. Analyze the market impact and community responses.
Binance Refines Alpha Points Rules for Fairer Participation
Binance announces an update to its Alpha Points system to encourage fairer, transparent cryptocurrency trading, effective June 7, 2025.
Related
Citadel Warns U.S. Deficit as Economic Risk
Citadel Securities warns of U.S. fiscal deficit risks, impacts crypto markets.
Coinbase Lists Fartcoin and Subsquid on Roadmap
Coinbase adds Fartcoin and Subsquid to its asset listing roadmap, indicating a future listing.
Early DOT Participation Paid Off—Analysts Now Highlight This Popular Crypto Coin to Buy with 43x Growth Projections
In the early days of Polkadot (DOT), some crypto enthusiasts watched from the sidelines, unsure if it would take off. DOT’s launch captured attention worldwide, and those who joined early have seen incredible gains as it evolved. But what about those who missed out? The sting of not catching that wave still lingers for many. Meet Qubetics ($TICS)—the innovation on the block, redefining blockchain with fresh energy.
Tether Invests in Shiga Digital to Boost USDT in Africa
Tether expands USDT stablecoin use in Africa via investment in Shiga Digital. Aims to simplify business payments and stabilize financial infrastructure.
Bitcoin Drops Below $101,000 Amid Market Volatility
Bitcoin slips below $101,000, impacting major cryptocurrencies like ETH, SOL, and SUI.
Pi Coin Trading Begins Amid Market Uncertainty
Pi Coin launches on select exchanges with initial trading challenges. Analyze the market impact and community responses.
Be the first to leave a comment