Bitcoin miners languish amid crypto market rout — JPMorgan

Quick Summary:

Even miners selling high-performance computing to AI models are under strain, according to JPMorgan analysts.

Meanwhile, lower Bitcoin prices contributed to a 9% drop in gross profits in February, the analysts said.

Macroeconomic uncertainty — including fears of a looming trade war — has rattled markets since US President Donald Trump took office in January and announced 25% tariffs on Canada and Mexico.

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Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United StatesCanadaMexico

Topics: Miners Stocks Halving Models Price High-performance Bitcoin Jpmorgan February Analysts Mining

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 18:59:45 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26667664

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 238 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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