PANews reported on October 1 that according to a report released by JPMorgan on Wednesday, CoinDesk quoted that the total market value of the 14 US-listed Bitcoin mining companies it tracked exceeded US$50 billion for the first time last month (September), reaching US$56 billion, a month-on-month increase of 43%. The report noted that 12 of the 14 mining companies outperformed Bitcoin itself in September. Meanwhile, the average hash rate of the Bitcoin network increased by 9% month-over-month in September, reaching 1,031 EH/s. However, despite the rise in market capitalization and computing power, miners' profitability has been squeezed by intensified competition for computing power. The report estimates that miners' daily block reward revenue fell by 10% month-on-month in September, while gross profit fell by 17% month-on-month.PANews reported on October 1 that according to a report released by JPMorgan on Wednesday, CoinDesk quoted that the total market value of the 14 US-listed Bitcoin mining companies it tracked exceeded US$50 billion for the first time last month (September), reaching US$56 billion, a month-on-month increase of 43%. The report noted that 12 of the 14 mining companies outperformed Bitcoin itself in September. Meanwhile, the average hash rate of the Bitcoin network increased by 9% month-over-month in September, reaching 1,031 EH/s. However, despite the rise in market capitalization and computing power, miners' profitability has been squeezed by intensified competition for computing power. The report estimates that miners' daily block reward revenue fell by 10% month-on-month in September, while gross profit fell by 17% month-on-month.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more