PANews reported on January 7 that according to a JPMorgan report cited by CoinDesk, Bitcoin (BTC) miners' profitability rose for the second consecutive month in December 2024, reaching its highest level since April 2024. Despite this, miners' daily revenue and gross profit margin are still 43% and 52% lower than the pre-halving levels, respectively.
JPMorgan Chase estimates that miners' average daily block reward income in December was $57,100 per EH/s, up 10% from November. Bitcoin computing power growth slowed, increasing 6% in December to an average of 779 EH/s, and an annual growth of 54%, lower than 103% in 2023.
In addition, the total market value of the 14 listed mining companies tracked by JPMorgan Chase fell 23% to US$28 billion in December, among which TeraWulf (WULF) performed outstandingly, with an annual increase of 136%, surpassing Bitcoin's increase of about 120%.
