Analysis: In July, Bitcoin mining profits rose by 2%, and the proportion of US-listed mining companies increased.

robot
Abstract generation in progress

According to ChainCatcher news and a report from CoinDesk, investment bank Jefferies reported that Bitcoin mining profitability rose by 2% in July, mainly benefiting from a 7% increase in Bitcoin prices and only a 5% growth in overall Computing Power. The publicly listed mining companies in the United States produced 3,622 BTC that month, accounting for 26% of the entire network, an increase of 1 percentage point compared to June. According to data, IREN became the highest-producing mining company in July with 728 BTC, while MARA ranked second with 703 BTC. Currently, the daily revenue per EH/s of Computing Power is about $57,000, a rise of 14% compared to the same period last year. Analysts point out that the rise in Bitcoin prices is most beneficial to digital asset companies like Galaxy.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-de132ec3vip
· 14h ago
Paying close attention🔍eth and btc will soon fall
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)