The share of Bitcoin’s complete community hashrate attributed to publicly listed US miners has surged to just about 34%, in accordance with latest information shared by analysts at banking big JPMorgan.
Notably, their hashrate dominance has greater than doubled since January 2022 (when it stood at roughly 15%).
Nonetheless, this development was moderately uneven. Their share of world hashrate saved fluctuating between 20% and 23%.
They lastly reached the 30% milestone by November, and this development has steadily continued all through 2025.
“Entry to US capital markets is a significant differentiator for miners,” Matthew Sigel, head of digital property at VanEck, stated whereas commenting on the newest milestone.
Final month, JPMorgan analysts revealed that publicly listed miners managed to attain certainly one of their greatest quarters to this point with roughly $2 billion price of gross earnings.
MARA Holdings (previously Marathon Digital) stays the main US Bitcoin miner. Final month alone, the corporate produced 950 BTC. Its complete holdings at the moment are near surpassing the 50,000 BTC milestone.
The US share of world hashrate
In accordance with the Hashrate Index, the U.S. at present accounts for a complete of 36% of world hashrate. The estimate is predicated on mining pool information and ASIC buying and selling flows.
China, which used to get pleasure from absolute dominance within the Bitcoin mining sector with almost 75% of world hashrate on account of low cost coal and hydro energy, misplaced its lead after its authorities initiated a full-fledged mining ban in 2021.
Regardless of the ban, China nonetheless accounts for 17% of world hashrate, which places it in third place.
