- 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
AI Key to Web3 Competitiveness, Says Gate CEO
Gate.io's CEO Dr. Han states AI will drive Web3's future, enhancing usability and integration.
Binance Initiates First Alpha Box Airdrop Event
Binance launches Alpha Box airdrop, starting at 18:00 UTC, requiring 242 points minimum.
Hong Kong SFC Introduces New Virtual Asset Regulations
Hong Kong's Securities and Futures Commission, led by CEO Julia Leung Fung-yee, announced new virtual asset regulations at Consensus 2026, introducing margin financing and perpetual contracts for select investors.
European Parliament Endorses Digital Euro With Dual Functionality
Pasquale Tridico and 48 EU lawmakers led the February 10, 2026 move in the European Parliament to endorse a digital euro proposal with online and offline capabilities.
Galaxy Digital CEO Predicts Decline in Cryptocurrency Speculation
Galaxy Digital's Mike Novogratz anticipates a shift from speculative to institutional investments in cryptocurrency.
Crypto.com CEO Acquires AI.com for $70 Million in Crypto
Crypto.com CEO Kris Marszalek acquired AI.com for $70 million in cryptocurrency. Unverified claims of a subsequent $500 million offer arise.
Related
SEC Gives Some Self-Custody Crypto Apps 5-Year Relief
The SEC gave some self-custody crypto apps temporary relief from broker rules until April 2031. Here is what qualifies, what is excluded, and why it matters.
Circle CEO Jeremy Allaire Sees Opportunity for a Yuan-Backed Stablecoin
Circle CEO Jeremy Allaire says a yuan-backed stablecoin could present a tremendous opportunity. Here is the key context, why the remark matters, and what it could mean for crypto markets.
Senator Thom Tillis Says He Is ‘Guardedly Optimistic’ on Stablecoin Legislation
Senator Thom Tillis said he is "guardedly optimistic" about stablecoin legislation and expects to schedule a next step, signaling movement in the crypto policy debate.
Top Crypto News for Wed, Apr 15: CLARITY Act Deadline, Senate Gridlock
Top crypto news for Wed, Apr 15, led by the CLARITY Act's two-week deadline, Senate gridlock, and the wider market and policy themes shaping crypto.
White House Study Challenges Stablecoin Yield Ban as Senate CLARITY Stakes Rise
A White House study is undercutting the case for a stablecoin yield ban, adding pressure to the Senate as CLARITY-related crypto policy debate intensifies.
OKX Europe Unveils X-Perps, a Regulated Perpetual-Style Crypto Product
OKX Europe CEO Erald Ghoos introduced X-Perps, a regulated perpetual-style crypto derivatives product aimed at expanding access in Europe.
