On February 18th, according to CoinDesk, a report released by JPMorgan shows that US-listed bitcoin miners accounted for 29% of the global bitcoin network's hashrate in February 2025, almost double that of the same period last year. The report pointed out that the hashrate of the bitcoin network rose by 6% this month, but the average daily profit of miners fell by 13% due to the falling bitcoin price. According to JPMorgan's analysis, the total hashrate of the 14 bitcoin mining companies tracked increased by about 95% compared to last year to 244 EH/s, while the global network hashrate increased by 45% year-on-year. In addition, due to the slight decline in bitcoin prices, the mining economy is under pressure, which has reduced the daily profit of miners to about $53,600, down 6% from January. The report also mentioned that some mining companies, such as IREN, performed well, with their shares rising 27% in the first two weeks of February, while Greenidge Generation saw a 20% decline.