Investment bank Jefferies report: Bitcoin mining profits fell by 5% in August

PANews September 16th news, according to CoinDesk, investment bank Jefferies reported on Sunday that Bitcoin mining profits fell by 5% last month due to increased network computing power. A team of analysts led by Jonathan Petersen said that if the miner team has a computing power of 1 EH/s, the daily income in August was about $55,000, down from $58,000 in July and $44,000 a year ago. In August, mining companies listed in the United States mined a total of 3,573 bitcoins, less than 3,598 in July, and these miners accounted for 26% of the Bitcoin network computing power, the same as in July. Among them, MARA Holdings (MARA) has the most outstanding mining performance, with 705,703 bitcoins produced, with IREN ranked behind. In addition, MARA's available computing power is the largest among these companies, at 59.4 EH/s, with CleanSpark following closely behind with 50 EH/s.