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Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says

U.S.-listed mining companies produced a larger share of bitcoin in July than the previous month as they brought on new capacity faster than the network hashrate rose, the report said.

Updated Aug 15, 2024, 6:27 p.m. Published Aug 15, 2024, 9:38 a.m.
Bitcoin mining was less profitable in July than June, Jefferies says. (Shutterstock)
Bitcoin mining was less profitable in July than June, Jefferies says. (Shutterstock)