According to TechFlow, on January 10, according to a report by investment bank Jefferies, Bitcoin miners listed in the United States accounted for 25.3% of the global network in December and 25.3% of the global computing power in December. As the average price of Bitcoin rose by 15%, mining profitability improved in December, exceeding the increase in network hash rate, which was 6.5% higher, and mining companies' profits rose in December.

In addition, Jefferies lowered its target price for MARA from $24 to $20 and maintained a hold rating on the stock