JPMorgan Chase (JPMorgan) released a report saying that in December 2024, the profitability of Bitcoin (BTC) miners rose for the second consecutive month, reaching the highest level since April 2024. Despite this, miners' daily revenue and gross profit margin are still 43% and 52% lower than the pre-halving level, respectively. JPMorgan Chase estimates that the average daily block reward income of miners in December was US$57,100 per EH/s, an increase of 10% from November. Bitcoin computing power growth slowed, increasing by 6% in December to an average of 779 EH/s, and an increase of 54% for the whole year, lower than 103% in 2023. In addition, the total market value of 14 listed mining companies tracked by JPMorgan Chase fell 23% to US$28 billion in December, among which TeraWulf (WULF) performed outstandingly, with a full-year increase of 136%, surpassing Bitcoin's increase of about 120%. (Coindesk)