{"id":47629,"date":"2025-09-15T16:01:59","date_gmt":"2025-09-15T16:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47629"},"modified":"2025-09-15T16:01:59","modified_gmt":"2025-09-15T16:01:59","slug":"bitcoin-mining-profitability-fell-in-august-jefferies-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47629","title":{"rendered":"Bitcoin Mining Profitability Fell in August, Jefferies Says"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) mining profitability declined 5% last month primarily becuase of an increase in the network hashrate, investment bank Jefferies said in a research report Sunday.<\/p>\n<p>&#8220;A hypothetical one EH\/s fleet of BTC miners would have generated ~$55k\/day in revenue during August, vs ~$58k\/day in July and ~$44k a year ago,&#8221; wrote analysts led by Jonathan Petersen.<\/p>\n<p>The 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. It is measured in exahashes per second (EH\/s).<\/p>\n<p>U.S.-listed mining companies mined 3,573 bitcoin in August versus 3,598 in July, the report noted, and these miners accounted for 26% of the Bitcoin network last month, unchanged from July.<\/p>\n<p>MARA Holdings (MARA) mined the most bitcoin of the group, with 705,703 tokens, followed by IREN (IREN), Jefferies said.<\/p>\n<p>MARA&#8217;s energized hashrate is still the largest of the group, at 59.4 EH\/s, with CleanSpark (CLSK) second with 50 EH\/s, the report added.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/02\/bitcoin-network-hashrate-returned-to-all-time-highs-in-august-jpmorgan\"><span style=\"text-decoration:underline\">Bitcoin Network Hashrate Returned to All-Time Highs in August: JPMorgan<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) mining profitability declined 5% last month primarily becuase of an increase in the network hashrate, investment bank Jefferies said in a research report Sunday. &#8220;A hypothetical one EH\/s fleet of BTC miners would have generated ~$55k\/day in revenue during August, vs ~$58k\/day in July and ~$44k a year ago,&#8221; wrote analysts led by [&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-47629","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\/47629","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=47629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}