PANews reported on December 19 that investment bank Jefferies released a report on Wednesday stating that Bitcoin reached an all-time high earlier this week, which is expected to enable miners to carry over November's profitability into December.
The report indicates that the economic situation of Bitcoin mining improved in November, with the average Bitcoin price increasing by 31%, while the average network hash rate rose by nearly 4%. The average daily revenue per Exahash in November was $55,649, a month-on-month increase of 20.7%. The bank noted that uptime has improved, partly due to lower temperatures with the onset of winter.
The report points out that MARA Holdings mined the most Bitcoin, with 907 coins mined in November, followed by CleanSpark with 622 coins. MARA's installed hash rate remains the largest in the industry at 46.1 EH/s, followed by CleanSpark at 33.7 EH/s.
