Bitcoin surge increases mining companies' value… JP Morgan "Market cap increases by 19% in May"

As the price of Bitcoin rose significantly in May, the valuation of major mining companies also increased. JP Morgan recently reported that the market capitalization of 13 Bitcoin mining companies increased by 19% compared to the previous month.

According to the report, seven of these companies recorded a higher stock price increase rate than Bitcoin. This shows that the upward trend in the Bitcoin market is directly affecting the profitability and investment attractiveness of mining companies.

JP Morgan also analyzed that the income per Hashrate (EH/s), an indicator of mining rewards, averaged $51,600 per day, an increase of 16% compared to the previous month. This suggests that both mining efficiency and profitability are continuing positive trends.