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JPMorgan: The market capitalization of 13 US-listed encryption mining companies rose by 12% in April compared to March.
Golden Finance reported that JPMorgan released a report showing that Bitcoin mining companies with HPC business underperformed BTC for the third consecutive month in April, including IREN, RIOT, WULF, and HUT. Additionally, as the network hashrate increased, mining profitability declined in April. Furthermore, the total market capitalization of the 13 US-listed encryption mining companies tracked by JPMorgan rose by 12% compared to March.