According to a report by JPMorgan, profitability for Bitcoin mining has seen a notable improvement in May. The total market cap of 13 U.S.-listed miners tracked by the bank rose nearly 20 percent during this period. This trend coincided with a rally in Bitcoin’s price.

The increase in mining profitability indicates robust performance in the sector. Investors and industry players should pay attention to this positive development as it may signal growing interest and investment in Bitcoin mining.