Analysts at JPMorgan noted that Bitcoin mining profitability fell to an all-time low as network hashrate rose in the first two weeks of August. Despite this, the share of network hashrate among US-listed miners rose to 26%, a new high. JPMorgan also said that Bitcoin network hashrate has increased by about 1% since August to an average of 621 EH/s, but it is still 30 EH/s lower than before the halving. In addition, Bitcoin price has declined by about 5% since the halving, but it is still up 35% year-to-date, up 104% year-on-year.