{"id":33398,"date":"2025-06-24T12:31:47","date_gmt":"2025-06-24T12:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33398"},"modified":"2025-06-24T12:31:47","modified_gmt":"2025-06-24T12:31:47","slug":"bitcoin-mining-profitability-increased-by-almost-20-in-may-jefferies-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33398","title":{"rendered":"Bitcoin Mining Profitability Increased by Almost 20% in May, Jefferies Says"},"content":{"rendered":"<div>\n<p>Bitcoin BTC mining profitability rose by 18.2% in May, due to a 20% increase in the BTC price and a modest 3.5% gain in the network hashrate, investment bank Jefferies said in a research report on Monday.<\/p>\n<p>&#8220;BTC&#8217;s rally follows the recent gold rally as investors seek inflation-protected assets in anticipation of ballooning fiscal deficits in the U.S., among other countries,&#8221; analysts Jonathan Petersen and Jan Aygul wrote.<\/p>\n<p>Hashrate refers to the total combined computational power used to mine and process transactions on a <a href=\"https:\/\/www.coindesk.com\/tech\/2021\/09\/16\/understanding-proof-of-work-proof-of-stake-and-tokens\">proof-of-work<\/a> blockchain, and is a proxy for competition in the industry and mining difficulty.<\/p>\n<p>U.S.-listed mining companies mined 3,754 bitcoin in May versus 3,278 in April, the report said. The bank noted that North American miners made up 26.3% of the total network last month compared to 24.1% in April.<\/p>\n<p>MARA Holdings (MARA) mined the most crypto of the group, at 950 bitcoin, a 35% increase month-on-month, followed by CleanSpark (CLSK), which mined 694 tokens, the bank said.<\/p>\n<p>MARA&#8217;s installed hashrate remained the largest at 58.3 exahashes per second (EH\/s). CleanSpark was second with 45.6 EH\/s, the report noted.<\/p>\n<p>The bank reduced its MARA price target to $16 from $18, while reiterating its hold rating on the stock.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/13\/bitcoin-miners-just-had-one-of-their-best-quarters-on-record-jpmorgan-says\"><span style=\"text-decoration:underline\">Bitcoin Miners Just Had One of Their Best Quarters on Record, JPMorgan Says<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin BTC mining profitability rose by 18.2% in May, due to a 20% increase in the BTC price and a modest 3.5% gain in the network hashrate, investment bank Jefferies said in a research report on Monday. &#8220;BTC&#8217;s rally follows the recent gold rally as investors seek inflation-protected assets in anticipation of ballooning fiscal deficits [&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-33398","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\/33398","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=33398"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33398\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}