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JPMorgan: Market Value of 13 US-Listed Crypto Mining Companies Rose 12% in April Compared to March
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JPMorgan released a report showing that Bitcoin mining companies with HPC operations underperformed BTC for the third consecutive month in April, including IREN, RIOT, WULF, HUT, etc. Moreover, with the increase in network hash rate, mining profitability decreased in April. Additionally, the total market value of the 13 U.S.-listed crypto mining companies tracked by JPMorgan increased by 12% compared to March.
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