JPMorgan: The network hashrate of US-listed mining companies reached a record 29% in October.

The mixed Hash Rate of 14 BTC mining stocks tracked by JPMorgan now accounts for 28.9% of the network Hash Rate, reaching a historical high, according to a report by Jinse Caijing. Analysts Reginald Smith and Charles Pearce wrote, “The total Hash Rate of the 14 US-listed miners tracked has risen by about 70% (80 EH/s) so far this year, reaching 194 EH/s, while the network Hash Rate has risen by 33%, currently accounting for a record-breaking approximately 28.9% of the global network Hash Rate.” The bank said that since the BTCHalving event earlier this year, this number has risen by nearly 8%, reflecting the efficiency and financing advantages of some listed miners.