PANews reported on February 18 that according to CoinDesk, a report released by JPMorgan showed that US-listed Bitcoin miners accounted for 29% of the global Bitcoin network computing power in February 2025, almost double the same period last year. The report pointed out that the computing power of the Bitcoin network increased by 6% this month, but due to the decline in Bitcoin prices, the average daily profit of miners fell by 13%.

JPMorgan analysis pointed out that the combined computing power of the 14 Bitcoin mining companies tracked increased by about 95% from last year to 244 EH/s, while the global network computing power increased by 45% year-on-year. In addition, due to the slight drop in Bitcoin prices, the mining economy is under pressure, resulting in miners' daily profits being reduced to about $53,600, a 6% decrease from January.

The report also mentioned that some mining companies such as IREN performed well, with its share price rising 27% in the first two weeks of February; while Greenidge Generation fell 20%.