- The hash price share of US-listed miners reached 42.6%, rising from 14.8% in 2022 over 4 years.
- Hash worth has fallen from $70 to $35 per PH, placing income beneath stress amid the AI infrastructure pivot.
- Winter storms and manufacturing restrictions have prompted manufacturing cuts, inflicting the biggest decline in manufacturing difficulties since 2021.
U.S.-listed Bitcoin mining firms proceed to carry a near-record share of the worldwide Bitcoin community’s hash price, even because the business faces declining revenues, winter climate disruptions and a rising shift to synthetic intelligence infrastructure.
In line with information compiled by JPMorgan, U.S. publicly traded miners accounted for 42.6% of whole community hashrate in early 2026, the best stage within the dataset and up from 14.8% in January 2022.
This information exhibits continued progress within the footprint of U.S.-listed miners over the previous 4 years. Its share rose from 14.8% in early 2022 to greater than 24% in early 2023, earlier than stabilizing within the low 20% vary for a lot of the yr. Progress accelerated in 2024, exceeding 31% by year-end.
By mid-2025, U.S.-listed firms managed roughly 38% of the worldwide hashrate. Regardless of intermittent month-to-month declines, the general pattern continued to rise, culminating at a peak of 42.6% in early 2026. This determine relies on JPMorgan calculations and firm disclosures.
Income pressures and AI repositioning
The growth of hashrate share occurred in parallel with the contraction of the mining economic system. The hash worth, which measures mining income per unit of computing energy, has fallen from almost $70 per petahash when Bitcoin was buying and selling close to all-time highs to only over $35 per petahash. Which means that the income per petahash is successfully lowered by 50%.
Income stress prompted the change. Some carriers are pivoting their infrastructure towards synthetic intelligence workloads and looking for long-term contracts. One instance is BitFarms (BITF), which not too long ago introduced that it’s repositioning itself as a knowledge middle developer with a deal with excessive efficiency computing and AI, quite than working solely as a Bitcoin mining firm.
Storm, time discount, problem reset
Monetary pressures are additional exacerbated by operational challenges. Grid operators have requested for energy cuts as demand for electrical energy soars, particularly after a extreme winter storm in Texas. Public mining firms have lower manufacturing, with some reporting every day Bitcoin manufacturing dropping by greater than 60% on the peak of the disruption.
In line with earlier stories, these shutdowns contributed to a drop in community hashrate, impacting problem changes recorded on February 9, 2026, the biggest drop since 2021. Regardless of this disruption and broader business adjustments, US-listed miners proceed to increase their relative share of the world’s computing energy and safe the Bitcoin community.
Associated: Bitcoin miner who stole US$1 billion value of electrical energy from Malaysian energy grid faces crackdown
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