JPMorgan: Bitcoin network hash rate declines for the second consecutive month in December 2025

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PANews January 5 News, according to CoinDesk, a report released by JPMorgan on Monday shows that by December 2025, the Bitcoin network hash rate has declined for the second consecutive month. The institution’s analysts pointed out: “As an industry competition indicator, the monthly average network hash rate decreased by 30 EH/s month-over-month in December, a 3% decline, with the average dropping to 1045 EH/s.” Mining profitability has also decreased. Analysts estimate that last month, miners’ average daily block reward income was $38,700 per EH/s, a 7% decrease from November and a 32% year-over-year decline, the lowest level on record. The report also states that last month’s daily gross profit from block rewards declined by 9% month-over-month, down to $17,100 per EH/s.

As of the end of 2025, the total market value of 14 JPMorgan-tracked Bitcoin mining companies and data center operators listed in the US rose to $48 billion, a 73% increase for the year. Among them, Hut 8 (HUT) performed the best last month, with a 2% increase in stock price; CleanSpark (CLSK) performed poorly, with a 33% decrease in stock price. The report further explains that although only two companies outperformed Bitcoin in December, over the entire year, 9 out of the 14 companies outperformed Bitcoin, with IREN (IREN) and Cipher Mining (CIFR) leading the performance.

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