U.S.-listed Bitcoin mining companies surged to a record share of the network hashrate in June 2025, led by firms like CleanSpark and Riot Platforms, according to JPMorgan’s report.
This indicates significant institutional backing and strategic advancements, potentially impacting Bitcoin’s ecosystem and market dynamics.
U.S. Miners Achieve Record Hashrate Share in June 2025
In June 2025, U.S.-listed Bitcoin miners achieved a record network hashrate share. Companies like CleanSpark and Riot Platforms showcased growth, driven by strategic operations and technological integration in the market.
Major players include CleanSpark, Riot Platforms, and Marathon Digital. These firms have expanded infrastructure and pursue vertical integration. Their strategic acquisitions position them significantly in the global Bitcoin mining sphere.
JPMorgan Raises U.S. Miners’ Price Targets
JPMorgan raised price targets for top U.S.-listed miners, reflecting increased confidence in their future profitability. The market views this as a positive shift towards stronger institutional confidence in the sector.
Institutional investments and upgraded strategy are expected to enhance Bitcoin’s security. The network hashrate increase might signal more sustainable mining operations, echoing past trends of consolidation post-Bitcoin halving events.
Post-Halving Gains for U.S. Public Miners
Historically, U.S. public miners gained market share post-halving. Similar surges in hashrate share have matched increased investment and technological advancements, boosting investor interest and stock performance.
Experts suggest that vertical integration and strategic growth will likely continue driving industry resilience. Comparing past market responses, institutional engagements might further stabilize and grow Bitcoin’s operational ecosystem.
“The price targets were adjusted to reflect a 24% increase in the bank’s spot Bitcoin assumption and a 9% increase to its network hashrate estimate.” — Reginald Smith, Analyst, JPMorgan
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