Jefferies Notes Better Bitcoin Mining Profitability in June

IconCryptoNewsTerminal Staff08 Jul, 2024

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Jefferies Notes Better Bitcoin Mining Profitability in June

Jefferies, an American investment bank, recently released a report stating that the profitability of Bitcoin mining was higher in June than in May. This increase in profitability is attributed to a decrease in the Bitcoin hashrate and the mining industry's adjustment to the halving. The report further states that Jefferies lowered its price target for Bitcoin miner Marathon Digital to $22 from $24 and Argo Blockchain to $1.20 from $1.50.