JPMorgan Chase reports 23% rise in market capitalization of U.S.-listed Bitcoin mining firms in January

In January 2026, Bitcoin mining firms in the U.S. Saw a market capitalization increase to 60 billion USD, reflecting a 23% jump. Factors such as declining network hashrate and optimism surrounding high-performance computing transitions fueled this growth.

Although Bitcoin prices dropped by 4%, miners’ profitability improved due to decreased competition for network hashrate. Mining firms are also transforming, with Riot Platforms shifting focus to AI data centers for stable revenue.