As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a proposed acquisition and partnership deals involving Core Scientific.
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
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Marathon Digital remains the largest U.S.-listed bitcoin miner. The increase in market cap is also attributed to U.S. miners’ growing share of the network hashrate, now at 23.8%. Despite a general hashrate decline, hashprice remains below previous levels, indicating potential for future increases.
