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Bitcoin Miners Flex Muscle: Network Hashrate Inches Up in Early May Despite Wall Street Doubts

Bitcoin Miners Flex Muscle: Network Hashrate Inches Up in Early May Despite Wall Street Doubts

Coindesk
Author:
Coindesk
Release Time:
2025-05-19 13:48:14
0

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

JPMorgan’s latest data shows Bitcoin’s hashrate creeping upward in the first half of May—proof that miners are still betting big, even as traditional finance analysts clutch their pearls over energy costs.

The uptick suggests miners are either (a) stupidly optimistic, or (b) privy to something the suits in Manhattan aren’t. Place your bets.

Meanwhile, banking giants continue to warn about ’unsustainable’ energy use—while quietly ramping up their own blockchain divisions. Funny how that works.

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