Analysis: Bitcoin mining profits grew 2% in July, with US-listed mining companies increasing their share of the market.
investment bank Jefferies report shows that in July, the profitability of Bitcoin mining increased by 2% compared to the previous month, mainly benefiting from a 7% increase in the price of Bitcoin and a network-wide hash rate increase of only 5%. US-listed mining companies produced 3622 BTC that month, accounting for 26% of the total network, an increase of 1 percentage point from June.
Data shows that IREN became the highest-producing mining company in July with 728 BTC, while MARA ranked second with 703 BTC. The daily revenue per EH/s hash rate is approximately $57,000, a 14% increase from the same period last year. Analysts point out that the rise in Bitcoin prices is most beneficial to companies like Galaxy and other digital asset companies.
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