According to the latest data provided by analysts at financial giant JPMorgan, the share of the total Bitcoin network hashrate controlled by US-based miners registered on the exchange has increased to almost 34%.
Interestingly, their hashrate dominance has more than doubled since January 2022, when it was around 15%.
However, this growth has been rather irregular, with their share of the global hashrate fluctuating between 20% and 23%.
By November, they finally reached 30%, and this trend continued to develop steadily throughout 2025.
“Access to U.S. capital markets is a key advantage for miners,” said Matthew Siegel, head of digital assets at VanEck, commenting on the recent success.
Last month, JPMorgan reported that publicly listed mining companies had one of their best quarters to date, generating gross profits of about $2 billion.
MARA Holdings (formerly Marathon Digital) remains the leading Bitcoin miner in the United States. Last month alone, the company mined 950 BTC. Its total assets are approaching 50,000 BTC.
According to the Hashrate Index , the US currently accounts for 36% of the global hashrate. This estimate is based on mining pool data and ASIC trading flows.
China, which previously enjoyed absolute dominance in the Bitcoin mining sector with nearly 75% of the world’s hashrate thanks to cheap coal and hydropower, lost its leadership position after its government imposed a complete ban on mining in 2021.
Despite the ban, China still accounts for 17% of the global hashrate, putting it in third place.
Source: cryptonews.net
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