Bitcoin minors (BTC) listed in the United States increases their share of network hashrate, Bernstein broker said on a report on Monday.
The hashrate refers to the total combined computing power used to exploit and treat transactions on a blockchain of evidence of work and is an indirect indicator of competition in the industry and mining difficulties.
“Bitcoin minors on the American listed increase their share of network hashrate, taking advantage of access to capital, land and power,” the analysts led by Gautam Chhugani wrote.
These companies increased their share of the Bitcoin network to around 29% in January, compared to around 20% a year ago, according to the report, adding that the great miners aggressively widen their hashrate in 2024.
Iren (Iren) increases his fastest hashrate, followed by Cleanspark (CLSK), Riot Platforms (Riot) and Mara Holdings (Mara), said Bernstein.
Bernstein has an outperformance note on Iren (PT $ 26), Cleanspark (PT 30 $) and Riot Platforms (PT 22 $). Mara Holdings (PT $ 23) is noted on the market.
Iren, Mara Holdings and Cleanspark all worked well on “energy efficiency and availability”, the report added.
The Wall Street JPMorgan (JPM) bank said January was a quiet month for Hashrate’s growth.
Read more: The growth of the Hashrate of the Bitcoin network was silent in January: JPMorgan
