{"id":42605,"date":"2025-08-17T18:01:44","date_gmt":"2025-08-17T18:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42605"},"modified":"2025-08-17T18:01:44","modified_gmt":"2025-08-17T18:01:44","slug":"bitcoin-mining-profitability-rose-2-in-july-amid-btc-price-rally-jefferies-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42605","title":{"rendered":"Bitcoin Mining Profitability Rose 2% in July Amid BTC Price Rally, Jefferies Says"},"content":{"rendered":"
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Bitcoin (BTC) mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday.<\/p>\n

“We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network hashrate,” analyst Jonathan Petersen wrote.<\/p>\n

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work<\/a> blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH\/s).<\/p>\n

U.S.-listed mining companies mined 3,622 bitcoin in July, versus 3,379 coins the month before, the report said, and these firms accounted for 26% of the total network compared to 25% in June.<\/p>\n

IREN (IREN) mined the most bitcoin, with 728 tokens, followed by MARA Holdings (MARA) with 703 BTC, the bank noted.<\/p>\n

Jefferies said MARA’s energized hashrate remains the largest of the sector, at 58.9 EH\/s at the end of July, with CleanSpark (CLSK) second with 50 EH\/s.<\/p>\n

Revenue per exahash\/second also increased. “A hypothetical one EH\/s fleet of BTC miners would have generated ~$57k\/day in revenue during July, vs ~$56k\/day in June and ~$50k a year ago,” the analyst wrote.<\/p>\n

Read more: Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday. “We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network […]<\/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-42605","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\/42605","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=42605"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42605\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}