Bitcoin mining profits in February exceeded those in January, with prices rising faster than computing power growth
ChainCatcher news, according to CoinDesk, according to the latest research report from investment bank Jefferies, the profitability of Bitcoin (BTC) mining increased in February due to a 15% increase in Bitcoin prices and the network’s algorithm. The force growth rate is relatively slow, at 9%. Although the network's computing power has nearly doubled since a year ago, publicly traded miners' market share has declined.
The report pointed out that the share of Bitcoin produced by listed mining companies in North America has decreased compared with last month, from 19% to 17.5% of the total network. New computing power comes from the addition of other channels. Jefferies also adjusted its price targets on Marathon Digital and Argo Blockchain, reflecting the impact of rising Bitcoin prices and changes in corporate strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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