Bitcoin hashrate saw a decline in the second month of December.

Important Developments Regarding the Bitcoin Network from JPMorgan

JPMorgan has announced that the hashrate of the Bitcoin network has decreased for the second time in December. This situation indicates a decline in competition among miners.

Mining profitability is also declining. Block reward revenues have decreased by 32% compared to the previous year, alongside the low levels recorded per exahash. Gross profits are also showing weak performance.

Market Performance and Future Expectations

Despite the weaknesses observed last month, Bitcoin miners and data center operators listed in the United States have achieved significant gains in 2025. The market value of companies in this group has increased by 73% year-on-year.