Profitability of US-listed Bitcoin mining companies rises 18%
Son Min
Summary
- Investment bank Jefferies stated that US-listed Bitcoin mining companies saw their profitability increase by 18.2% last month.
- The rise in profitability was attributed to a more than 20% increase in Bitcoin's price and a slight gain in hash rate.
- Last month, US mining companies mined a total of 3,574 BTC, with Marathon Digital Holdings mining the most at 950 BTC.
Last month, US-listed Bitcoin (BTC) mining companies saw their profitability increase by 18.2%.
According to CoinDesk on the 24th (local time), investment bank Jefferies reported, "Last month, the mining profitability of US-listed Bitcoin mining companies rose by approximately 18.2% compared to the previous month," adding, "This result was driven by a rise of over 20% in Bitcoin's price and a slight increase in hash rate (3.5%)."
The report stated that the US mining companies mined a total of 3,574 BTC last month. This is a significant increase from April's 3,278 BTC. The company that mined the most Bitcoin was Marathon Digital Holdings, with 950 BTC, and CleanSpark ranked second with 694 BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
