Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.Miner profitability improved in May, as the price of bitcoin BTC rose, and gross margins expanded, the bank said.The hashprice, a measure of daily mining profitability, rose 13% from April, which the bank said was "encouraging source: https://www.coindesk.com/markets/2025/05/19/bitcoin-network-hashrate-rose-slightly-in-first-two-weeks-of-may-jpmorgan