• bitcoinBitcoin (BTC) $ 111,115.00
  • ethereumEthereum (ETH) $ 2,720.35
  • tetherTether (USDT) $ 0.999956
  • xrpXRP (XRP) $ 2.47
  • bnbBNB (BNB) $ 688.94
  • solanaSolana (SOL) $ 184.89
  • usd-coinUSDC (USDC) $ 0.999803
  • dogecoinDogecoin (DOGE) $ 0.250807
  • cardanoCardano (ADA) $ 0.833965
  • tronTRON (TRX) $ 0.275068
  • staked-etherLido Staked Ether (STETH) $ 2,721.40
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,881.00
  • suiSui (SUI) $ 3.92
  • hyperliquidHyperliquid (HYPE) $ 35.76
  • wrapped-stethWrapped stETH (WSTETH) $ 3,273.87
  • chainlinkChainlink (LINK) $ 17.08
  • avalanche-2Avalanche (AVAX) $ 25.76
  • stellarStellar (XLM) $ 0.309308
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • bitcoin-cashBitcoin Cash (BCH) $ 452.45
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  • leo-tokenLEO Token (LEO) $ 8.87
  • the-open-networkToncoin (TON) $ 3.21
  • polkadotPolkadot (DOT) $ 5.10
  • litecoinLitecoin (LTC) $ 102.09
  • wethWETH (WETH) $ 2,721.50
  • moneroMonero (XMR) $ 387.68
  • usdsUSDS (USDS) $ 0.999775
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  • bitget-tokenBitget Token (BGB) $ 5.67
  • wrapped-eethWrapped eETH (WEETH) $ 2,902.48
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pi-networkPi Network (PI) $ 0.809105
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,154.00
  • whitebitWhiteBIT Coin (WBT) $ 31.76
  • bittensorBittensor (TAO) $ 470.59
  • uniswapUniswap (UNI) $ 6.70
  • aaveAave (AAVE) $ 261.37
  • nearNEAR Protocol (NEAR) $ 3.14
  • aptosAptos (APT) $ 5.96
  • daiDai (DAI) $ 0.999491
  • jito-staked-solJito Staked SOL (JITOSOL) $ 222.34
  • ondo-financeOndo (ONDO) $ 1.05
  • okbOKB (OKB) $ 53.12
  • kaspaKaspa (KAS) $ 0.118372
  • internet-computerInternet Computer (ICP) $ 5.80
  • ethereum-classicEthereum Classic (ETC) $ 20.02
  • crypto-com-chainCronos (CRO) $ 0.101714
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 14.47
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.07
  • render-tokenRender (RENDER) $ 5.32
  • vechainVeChain (VET) $ 0.031286
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  • mantleMantle (MNT) $ 0.772887
  • ethenaEthena (ENA) $ 0.442744
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.935904
  • cosmosCosmos Hub (ATOM) $ 5.32
  • worldcoin-wldWorldcoin (WLD) $ 1.57
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.256288
  • susdssUSDS (SUSDS) $ 1.05
  • arbitrumArbitrum (ARB) $ 0.442289
  • usd1-wlfiUSD1 (USD1) $ 0.999847
  • algorandAlgorand (ALGO) $ 0.246699
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,663.00
  • filecoinFilecoin (FIL) $ 3.13
  • celestiaCelestia (TIA) $ 2.93
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  • bonkBonk (BONK) $ 0.000024
  • jupiter-exchange-solanaJupiter (JUP) $ 0.620094
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  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.76
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,716.70
  • fartcoinFartcoin (FARTCOIN) $ 1.61
  • binance-staked-solBinance Staked SOL (BNSOL) $ 195.36
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • blockstackStacks (STX) $ 1.01
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,841.92
  • kucoin-sharesKuCoin (KCS) $ 11.58
  • injective-protocolInjective (INJ) $ 14.73
  • optimismOptimism (OP) $ 0.836912
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.21
  • dogwifcoindogwifhat (WIF) $ 1.35
  • immutable-xImmutable (IMX) $ 0.732430
  • story-2Story (IP) $ 4.80
  • sei-networkSei (SEI) $ 0.251217
  • nexoNEXO (NEXO) $ 1.29
  • flare-networksFlare (FLR) $ 0.019634
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,091.53
  • the-graphThe Graph (GRT) $ 0.123663
  • eosEOS (EOS) $ 0.778048
  • usdt0USDT0 (USDT0) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.073180
  • curve-dao-tokenCurve DAO (CRV) $ 0.846058
  • makerMaker (MKR) $ 1,796.00
  • flokiFLOKI (FLOKI) $ 0.000116
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,186.00
  • raydiumRaydium (RAY) $ 3.51
  • msolMarinade Staked SOL (MSOL) $ 239.34
  • theta-tokenTheta Network (THETA) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,899.73
  • galaGALA (GALA) $ 0.021756
  • jasmycoinJasmyCoin (JASMY) $ 0.019654
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 204.98
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014880
  • lido-daoLido DAO (LDO) $ 1.01
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 111,294.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999778
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,852.33
  • paypal-usdPayPal USD (PYUSD) $ 0.999399
  • iotaIOTA (IOTA) $ 0.235617
  • clbtcclBTC (CLBTC) $ 111,525.00
  • wbnbWrapped BNB (WBNB) $ 688.59
  • coredaoorgCore (CORE) $ 0.850790
  • the-sandboxThe Sandbox (SAND) $ 0.345868
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,843.84
  • pyth-networkPyth Network (PYTH) $ 0.145802
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • spx6900SPX6900 (SPX) $ 0.892336
  • based-brettBrett (BRETT) $ 0.083861
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.55
  • tether-goldTether Gold (XAUT) $ 3,307.33
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  • bitcoin-svBitcoin SV (BSV) $ 39.63
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  • thorchainTHORChain (RUNE) $ 2.16
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  • kaiaKaia (KAIA) $ 0.123929
  • dexeDeXe (DEXE) $ 12.62
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,265.00
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  • ketKet (KET) $ 0.560547
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 111,130.00
  • dydx-chaindYdX (DYDX) $ 0.721052
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,892.39
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  • mog-coinMog Coin (MOG) $ 0.000001
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  • turboTurbo (TURBO) $ 0.006022
  • syrupMaple Finance (SYRUP) $ 0.385191

Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan

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Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan

Bitcoin (BTC) mining companies with high-performance computing (HPC) exposure underperformed the world’s largest cryptocurrency for the third month in a row in April, Wall Street bank JPMorgan said in a research report on Thursday.

Some bitcoin miners have pivoted into new business areas, such as offering HPC services to the fast growing artificial intelligence (AI) market, to reduce their dependence on crypto.

“We note miners with HPC exposure (IREN, RIOT, WULF, HUT) underperformed BTC performance for the third consecutive month,” analysts Reginald Smith and Charles Pearce wrote.

Mining profitability fell in April as the network hashrate increased.

Daily block reward revenue declined 6% from March, the bank said, while the monthly average hashrate rose around 56 exahashes per second (EH/s), or 6% month-on-month, to 872 EH/s in April.

“This was the second largest sequential increase in the monthly average network hashrate on record,” the authors wrote.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

The total market cap of the 13 U.S.-listed mining stocks that the bank tracks increased 12% from March.

Greenidge (GREE) was a notable outperformer in April with a 46% gain.



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