Investment bank Jefferies report: Bitcoin mining profits decline by 5%

ChainCatcher news, according to CoinDesk, investment bank Jefferies reported on Sunday that due to an increase in network hash rate, Bitcoin mining profits fell by 5% last month. The analyst team led by Jonathan Petersen stated that if the miners' hash rate is 1 EH/s, the daily revenue in August was approximately $55,000, down from $58,000 in July and $44,000 a year ago.

In August, publicly listed mining companies in the U.S. mined a total of 3,573 Bitcoins, down from 3,598 in July, and these miners accounted for 26% of the Bitcoin network hash rate, unchanged from July. Among them, MARA Holdings (MARA) had the most outstanding mining performance, producing 705,703 Bitcoins, followed by IREN. Additionally, MARA had the largest available hash rate among these companies at 59.4 EH/s, with CleanSpark closely following at 50 EH/s.