Jefferies Reports Decline in Bitcoin Mining Profitability Amid Rising Hashrate

Jefferies Reports Decline in Bitcoin Mining Profitability Bitcoin mining profitability has experienced a significant decline in September 2024, as the network’s hashrate surged by 1.7%, according to a comprehensive research report from U.S. investment bank Jefferies. Despite the increase in hashrate, Bitcoin’s price remained largely unchanged, exacerbating the challenges faced by miners. This decline, coupled

Source: Bitcoin World