Bitcoin Mining Profitability Sees June Boost Due to Price Increase and Hashrate Drop

Bitcoin mining profitability surged in June compared to May, as highlighted in Jefferies’ recent research report. This increase is attributed to a modest recovery from the immediate impacts of the recent halving event, combined with a 2% rise in Bitcoin’s price and a 5% decline in network Hashrate. Jefferies analyst Jonathan Petersen noted that June

Source: CoinOtag