According to PANews, research from investment bank Jefferies indicates that Bitcoin mining profitability decreased in September, despite relatively stable Bitcoin prices. The network's hash rate increased by approximately 1.7%, leading to a 2.6% drop in average daily revenue per Exahash. The report suggests that October could be even more challenging for miners. Although Bitcoin prices rose by about 5%, the network's hash rate grew by 11%, further compressing earnings.
The report also highlights that North American publicly listed mining companies increased their share of total mining from 19.9% in August to 22.2% in September. Marathon Digital mined the most Bitcoin, producing 705 BTC, followed by CleanSpark (CLSK), which mined 493 BTC.
