JPMorgan said in the report that MicroStrategy is not the only large-scale corporate bitcoin purchaser, and crypto miners are also beginning to adopt hoarding strategies. The shift is due to increased profitability pressure, primarily due to the halving of bitcoin mining rewards in April and the rise in the network's hash rate. The report goes on to say that this could prompt miners to hoard bitcoin or seek further investments in bitcoin, or move into artificial intelligence/high-performance computing (AI/HPC) businesses, wrote analysts led by Nikolaos Panigirtzoglou. Mining companies like MARA Holdings have adopted MicroStrategy-like bitcoin buying strategies in response to these challenges. (CoinDesk)