U.S.-Listed Bitcoin Miners Reach New Peak Share of Global Hashrate
2025-07-16 15:08:30
Main Idea
U.S.-listed Bitcoin miners have reached a new peak share of the global hashrate, accounting for 30% as of November, driven by access to U.S. capital markets.
Key Points
1. U.S.-listed Bitcoin miners' share of global hashrate fluctuated between 20% and 23% before reaching 30% in November.
2. Access to U.S. capital markets is a key advantage for these miners, as noted by analysts.
3. MARA Holdings (Marathon Digital) leads U.S. Bitcoin miners, producing 950 BTC last month and nearing 50,000 BTC in total holdings.
4. The U.S. currently accounts for 36% of global hashrate, according to the Hashrate Index.
5. China, which previously dominated with 75% of global hashrate, now accounts for 17% following its 2021 mining ban.
Description
US-listed Bitcoin miners have increased their dominance, according to the most recent JPMorgan data
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