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Bitcoin Miners Tied to HPC Keep Lagging Behind BTC—JPMorgan Spots a Three-Month Slump
Bitcoin Miners Tied to HPC Keep Lagging Behind BTC—JPMorgan Spots a Three-Month Slump
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High-performance computing (HPC)-exposed Bitcoin miners just can’t catch a break. For the third consecutive month, they’ve trailed Bitcoin’s price action—another reminder that throwing fancy tech at crypto doesn’t always mint profits.
JPMorgan’s latest data shows these miners underperformed despite the sector’s relentless push for efficiency. Guess those Wall Street spreadsheets still matter more than terahash rates when the numbers come due.
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