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

Huobi HTX reported that 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 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. Additionally, MARA has the largest available computing power among these companies at 59.4 EH/s, with CleanSpark following closely behind with 50 EH/s.