From Yahoo Finance: 2025-06-02 09:05:00

The market cap of 13 U.S.-listed miners increased 20% in May as bitcoin rallied. The network hashrate rose to 897 EH/s, up 25 EH/s from the previous month. Mining profitability also improved, with miners earning $51,600 per EH/s in daily block rewards, a 16% increase from April.

IREN saw a 37% rise, while Bitfarms fell 8%. Seven of the 13 mining companies outperformed bitcoin. Overall, daily block reward gross profit rose 36% to $27,900 per EH/s. The hashrate is a key indicator of competition and mining difficulty in the industry.

Read more: Bitcoin Mining Profitability Improved in May, JPMorgan Says