JPMorgan Chase: The total market value of US-listed mining companies reached a record $22.80 billion in June
The total market capitalization of the 14 U.S.-listed Bitcoin (BTC) miners after JPMorgan hit a record high of $22.80 billion on June 15, JPMorgan Chase said in a research note Monday. The bank noted that nearly all companies outperformed Bitcoin in the first two weeks of June, with Core Scientific (CORZ) the best performer, up 117 percent, and Argo Blockchain (ARBK) the worst performer, down 7 percent. Bitcoin fell 3 percent in the same period.
According to reports, bitcoin mining stocks rose in the first half of the month as investors reacted positively to news of a deal between Core Scientific and artificial intelligence company CoreWeave.