Bitcoin Mining Profitability Sees 2% Increase in July Amid Price Surge
A report by Jefferies highlights that Bitcoin mining profitability rose as BTC prices increased, benefiting Galaxy's digital assets operations.
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A report by Jefferies highlights that Bitcoin mining profitability rose as BTC prices increased, benefiting Galaxy's digital assets operations.
JPMorgan reports that many U.S.-listed bitcoin miners achieved their highest revenues since the last halving, outperforming bitcoin itself in July.
According to a report from Jefferies, bitcoin mining profits surged by 18.2% in May, fueled by a 20% rise in the price of bitcoin.
Mining profitability for Bitcoin decreased in April as the network's hashrate saw a rise, according to a report by Jefferies.
Jefferies forecasts that December will be a profitable month for bitcoin miners following a strong November.
A recent report from Jefferies highlights a decrease in Bitcoin mining profitability for September, with potential challenges anticipated for October due to rising hashrate.
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