Early 2026 tailwinds for bitcoin miners as hashrate falls, profitability improves: JPMorgan

JPMorgan predicts that bitcoin miners will experience favorable conditions by early 2026 due to a decline in hashrate and improved profitability. The bank notes that as the hashrate decreases, mining becomes less competitive, allowing miners to retain a larger share of rewards. This shift is expected to enhance the financial viability of mining operations. Additionally, the overall market dynamics are anticipated to support higher bitcoin prices, further benefiting miners.

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