Bitcoin miners continue to face dwindling profits despite lower competition, JPMorgan says

In a recent analysis, JPMorgan has reported that Bitcoin miners are grappling with decreasing profit margins, even in the context of reduced competition within the industry. This trend suggests that, despite fewer miners operating in the market, the overall profitability for those remaining continues to shrink, highlighting ongoing challenges in the cryptocurrency mining landscape. The bank's insights reflect broader trends affecting miners, including fluctuating energy costs, regulatory pressures, and market dynamics that influence Bitcoin's price and mining rewards. source: https://www.coindesk.com/markets/2026/01/05/bitcoin-network-hashrate-fell-for-second-consecutive-month-in-december-jpmorgan