U.S. Bitcoin miners increase mining capacity, occupy 30% of global computing power – MARA Holdings sees BTC balance jump significantly – MARA Holdings (NASDAQ: MARA)

Leading U.S. companies are competing to extract more resources Bitcoin Bitcoin/USDmore and more people are keeping newly created coins for long-term benefits.

what happened: According to a research report released by JPMorgan Chase on Thursday, from the end of November to January 15, the mining capacity of U.S. Bitcoin mining companies increased by nearly 16 ExaHash per second, an increase of 8%.

The total hash rate, or the computing power required to verify transactions and mine new Bitcoins, has more than doubled from this time last year to 238 EH/s. At this point, U.S. miners control more than 30% of global network computing power, and their market share has increased by 9% since the halving in April.

This growth is led by the world’s largest Bitcoin miners, MARA HOLDINGS Marathe hash rate increased by 7.1 EH/s. Clean Spark Company CLSL It ranks second on the list with an estimated growth of 5.4 EH/s.

Interestingly, these two companies also mined the most Bitcoin in December, with 890 BTC and 668 BTC respectively.

See: Italy’s largest bank enters Bitcoin trading with $1 million “test” investment, but CEO says he will not personally invest in Bitcoin

Many companies have also reported sharp increases in their Bitcoin holdings. MARA took a full HODL approach last year, with its balance growing 28% to 44,893 BTC as of January 15.

Anti-Riot Platform Company riotThe second largest Bitcoin miner by market capitalization saw its HODL balance increase by 55% to 17,722 BTC. As of January 15, Cleanspark’s BTC reserves increased to 10,000 from 9,297 at the end of November.

Why it’s important: A rise in hash rate is usually a good sign as it indicates increasing competition among miners to secure the network.

The rush to mine and hoard more Bitcoins may also be a defensive strategy to deal with the potential financial stress that comes with high spending.

According to a report by leading investment firm CoinShares, the average cost of producing one Bitcoin in the fourth quarter of 2024 was $106,000. Meanwhile, the current price of one Bitcoin is $101,981.38.

In addition, the president-elect Donald Trump’s The apparent support for the industry may encourage miners to run their machines at full capacity. Trump said during the campaign that he wanted the United States to become the Bitcoin mining capital of the world.

price action: Shares of MARA Holdings closed up 0.83% at $18.30 during Thursday’s regular trading session, according to Benzinga Pro. this Valkyrie Bitcoin Miner ETF, The firm, which offers exposure to top Bitcoin mining companies, rose 0.04% to 24.58.

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