TechFlow news, on March 5, according to Decrypt, JPMorgan's latest cryptocurrency report showed that the total market capitalization of 14 major U.S. public mining companies—including Core Scientific, Greenidge, and MARA Holdings—declined by 22% in February, approximately $6 billion.
Meanwhile, revenues for these companies also declined, with analysts estimating average daily block reward revenue for Bitcoin miners in February at $54,300 per EH/s, down 5% from the previous month.
Falling prices have increased mining operating costs, while trade war tensions triggered by the Trump administration imposing tariffs on Canada and Mexico have prompted investors to adopt a "risk-off" strategy.
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