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Report: Bitcoin Network Hash Rate Up 2% in First Two Weeks of May, Miner Revenue Expands with Bitcoin Price Rally

2025.05.19 23:32:18

On May 19th, JPMorgan Chase pointed out in a research report released on Friday that the hash rate of the Bitcoin network increased by 2% during the first two weeks of May, averaging 88.5 EH/s. As the price of Bitcoin rose, the gross margins of miners expanded, the mining economic conditions improved, and the profitability of miners increased. The hash price measuring daily mining profitability rose by 13% compared to April. The analyst stated that in the first two weeks of this month, miners received a daily block reward income of approximately $50,100 per EH/s, which was a 13% increase from the previous month and a 3% increase year-on-year. In addition, U.S.-listed mining companies maintained a share of the network's hash rate, currently accounting for about 30.5%, a 1.1% increase from April. The total market value of the 13 U.S. Bitcoin mining stocks tracked by the bank rose by 24% this month, totaling $4.6 billion, with Bitdeer soaring by 43% and Greenidge falling by 5%.
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A user downloaded a fake crypto wallet from Huawei’s official app store, leading to the theft of 170,000 USDT.

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Stablecoin Supply Surges $715.8M as Public Companies Add 3,342 BTC

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Bitcoin ETFs see $164.22M inflow while Ethereum ETFs suffer $63.56M outflow

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