JP Morgan analyst Reginald L. Smith observed that Bitcoin (CRYPTO: BTC/USD) miners saw mixed performance in early April. A drop in the average Bitcoin price during the first half of the month strained mining economics despite solid operational gains in March.

Per Smith, pure-play miners like MARA Holdings, Inc. (NASDAQ:MARA) and CleanSpark, Inc. (NASDAQ:CLSK) outpaced Bitcoin’s price gains, while firms with exposure to high-performance computing lagged behind.

The analyst notes that the average Bitcoin price in early April was around $82,600, down 3% from March. It dipped to ...

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