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Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies

U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.

Updated Jul 8, 2024, 9:09 a.m. Published Jul 8, 2024, 9:06 a.m.
A photo of four mining rigs
Bitcoin mining was more profitable in June as market adjusted for the halving: Jefferies. (Fran Velasquez/CoinDesk)