{"id":22003,"date":"2025-04-14T14:32:09","date_gmt":"2025-04-14T14:32:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22003"},"modified":"2025-04-14T14:32:09","modified_gmt":"2025-04-14T14:32:09","slug":"bitcoin-mining-profitability-down-7-4-in-march-as-prices-transaction-fees-fell-jefferies","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22003","title":{"rendered":"Bitcoin Mining Profitability Down 7.4% in March as Prices, Transaction Fees Fell: Jefferies"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) mining profitability fell 7.4% in March, investment bank Jefferies said in a research report Friday.<\/p>\n<p>The drop was due to a 11.2% decline in the average bitcoin price and a 9.1% drop in transaction fees, the report said.<\/p>\n<p>U.S.-listed miners mined 3,534 bitcoin in March versus 3,002 in February, Jefferies said, and these companies accounted for 24.8% of the total network last month, compared to 23.6% the month previous.<\/p>\n<p>MARA Holdings (MARA) produced the most bitcoin in March, with 829 tokens, the report said, followed by CleanSpark (CLSK) with 706 BTC.<\/p>\n<p>MARA also had the largest installed hashrate, at 54.3 exahashes per second, with CleanSpark the second-largest at 42.4 EH\/s, the report added.<\/p>\n<p>Looking at April, Jefferies noted bitcoin is broadly unchanged while the S&amp;P 500 stock index is down 6%. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/09\/trump-administration-wants-weaker-dollar-and-that-s-positive-for-bitcoin-bitwise\" target=\"_blank\">U.S. dollar weakness<\/a> may be responsible for some of that outperformance, said the bank.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/01\/u-s-listed-bitcoin-miners-shed-25-of-their-market-cap-in-march-jpmorgan\" target=\"_blank\"><u>U.S.-Listed Bitcoin Miners Shed 25% of Their Market Cap in March: JPMorgan<\/u><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) mining profitability fell 7.4% in March, investment bank Jefferies said in a research report Friday. The drop was due to a 11.2% decline in the average bitcoin price and a 9.1% drop in transaction fees, the report said. U.S.-listed miners mined 3,534 bitcoin in March versus 3,002 in February, Jefferies said, and these [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22003","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22003"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22003\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}