The share of Bitcoin’s whole community hashrate attributed to publicly listed US miners has surged to just about 34%, based on current knowledge shared by analysts at banking large JPMorgan.
Notably, their hashrate dominance has greater than doubled since January 2022 (when it stood at roughly 15%).
Nevertheless, this progress was somewhat uneven. Their share of worldwide hashrate saved fluctuating between 20% and 23%.
They lastly reached the 30% milestone by November, and this progress has steadily continued all through 2025.
“Entry to US capital markets is a significant differentiator for miners,” Matthew Sigel, head of digital belongings at VanEck, mentioned whereas commenting on the latest milestone.
Final month, JPMorgan analysts revealed that publicly listed miners managed to attain considered one of their greatest quarters so far with roughly $2 billion value of gross earnings.
MARA Holdings (previously Marathon Digital) stays the main US Bitcoin miner. Final month alone, the corporate produced 950 BTC. Its whole holdings are actually near surpassing the 50,000 BTC milestone.
The US share of worldwide hashrate
In accordance with the Hashrate Index, the U.S. at present accounts for a complete of 36% of worldwide hashrate. The estimate is predicated on mining pool knowledge and ASIC buying and selling flows.
China, which used to get pleasure from absolute dominance within the Bitcoin mining sector with almost 75% of worldwide hashrate attributable to 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 worldwide hashrate, which places it in third place.
