• bitcoinBitcoin (BTC) $ 96,361.00
  • ethereumEthereum (ETH) $ 1,827.90
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.20
  • bnbBNB (BNB) $ 598.16
  • solanaSolana (SOL) $ 147.91
  • usd-coinUSDC (USDC) $ 1.00
  • dogecoinDogecoin (DOGE) $ 0.178870
  • cardanoCardano (ADA) $ 0.698463
  • tronTRON (TRX) $ 0.247405
  • staked-etherLido Staked Ether (STETH) $ 1,826.65
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,249.00
  • suiSui (SUI) $ 3.40
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  • avalanche-2Avalanche (AVAX) $ 20.95
  • stellarStellar (XLM) $ 0.271034
  • leo-tokenLEO Token (LEO) $ 8.91
  • the-open-networkToncoin (TON) $ 3.18
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  • wrapped-stethWrapped stETH (WSTETH) $ 2,193.25
  • bitcoin-cashBitcoin Cash (BCH) $ 368.93
  • hyperliquidHyperliquid (HYPE) $ 20.56
  • litecoinLitecoin (LTC) $ 86.85
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  • wethWETH (WETH) $ 1,828.37
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.39
  • moneroMonero (XMR) $ 275.56
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 28.91
  • pi-networkPi Network (PI) $ 0.586199
  • wrapped-eethWrapped eETH (WEETH) $ 1,948.61
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,342.00
  • pepePepe (PEPE) $ 0.000008
  • aptosAptos (APT) $ 5.36
  • daiDai (DAI) $ 0.999530
  • bittensorBittensor (TAO) $ 364.68
  • susdssUSDS (SUSDS) $ 1.05
  • uniswapUniswap (UNI) $ 5.17
  • okbOKB (OKB) $ 51.32
  • nearNEAR Protocol (NEAR) $ 2.47
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.897871
  • gatechain-tokenGate (GT) $ 21.77
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  • kaspaKaspa (KAS) $ 0.097458
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  • mantleMantle (MNT) $ 0.738300
  • render-tokenRender (RENDER) $ 4.68
  • vechainVeChain (VET) $ 0.026644
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.236036
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,433.00
  • cosmosCosmos Hub (ATOM) $ 4.32
  • fasttokenFasttoken (FTN) $ 4.29
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.703013
  • filecoinFilecoin (FIL) $ 2.76
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  • celestiaCelestia (TIA) $ 2.53
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.12
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999350
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,102.00
  • bonkBonk (BONK) $ 0.000018
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  • worldcoin-wldWorldcoin (WLD) $ 1.01
  • jupiter-exchange-solanaJupiter (JUP) $ 0.452265
  • makerMaker (MKR) $ 1,551.63
  • nexoNEXO (NEXO) $ 1.27
  • blockstackStacks (STX) $ 0.805590
  • binance-staked-solBinance Staked SOL (BNSOL) $ 154.93
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  • fartcoinFartcoin (FARTCOIN) $ 1.12
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,828.09
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  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,903.99
  • usdt0USDT0 (USDT0) $ 1.00
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  • paypal-usdPayPal USD (PYUSD) $ 0.999665
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  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 598.04
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,073.48
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  • pax-goldPAX Gold (PAXG) $ 3,257.17
  • msolMarinade Staked SOL (MSOL) $ 190.85
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,379.00
  • coredaoorgCore (CORE) $ 0.757643
  • dexeDeXe (DEXE) $ 13.28
  • lido-daoLido DAO (LDO) $ 0.839888
  • bitcoin-svBitcoin SV (BSV) $ 37.72
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 163.48
  • theta-tokenTheta Network (THETA) $ 0.746707
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 95,913.00
  • clbtcclBTC (CLBTC) $ 96,135.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011767
  • galaGALA (GALA) $ 0.016469
  • the-sandboxThe Sandbox (SAND) $ 0.294599
  • kaiaKaia (KAIA) $ 0.119887
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  • bittorrentBitTorrent (BTT) $ 0.00000070
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,945.76
  • usual-usdUsual USD (USD0) $ 0.998194
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  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.54
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  • aerodrome-financeAerodrome Finance (AERO) $ 0.659267
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  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,230.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,911.85
  • beldexBeldex (BDX) $ 0.067415
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  • ousgOUSG (OUSG) $ 110.92
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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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