Listed Bitcoin mining companies’ revenues have declined for three consecutive months

Odaily News Publicly traded crypto mining companies have seen their overall revenue decline for the third consecutive month, while the network difficulty has increased, making the situation even more difficult. According to a report by JPMorgan, the hash rate of the Bitcoin network increased every month in the second quarter, reaching 643EH per second in September, up 2% from August. At the same time, miners' revenue per EH/s fell 6% month-on-month to an average of $42,100. Although Bitcoin's value rose by about 7% in September by market value, recovering most of its losses in August. Despite this, the total market value of the 14 U.S.-listed Bitcoin miners tracked by JPMorgan rose 4% in September to $21 billion. (TheBlock)