Bitcoin Mining Report: Key Differences in Profitability Between February and January

Wednesday, 27 March 2024, 12:17

According to a report by Jefferies, publicly traded North American mining companies saw a decrease in their share of new bitcoin production to 17.5% of the total network in February. This indicates a shift in profitability compared to the previous month. Jefferies highlights the changing trends in bitcoin mining and the implications for the industry moving forward.
https://store.livarava.com/631b20e7-ec34-11ee-aec8-63fd8ea994ba.jpg
Bitcoin Mining Report: Key Differences in Profitability Between February and January

Bitcoin Mining Report

According to a report by Jefferies, publicly traded North American mining companies saw a decrease in their share of new bitcoin production to 17.5% of the total network in February. This indicates a shift in profitability compared to the previous month. Jefferies highlights the changing trends in bitcoin mining and the implications for the industry moving forward.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe