BTC price falls, mining companies' profits fall! ! ! ! 1

Jefferies: US listed mining companies' Bitcoin mining profits fell in July, Marathon Digital's target price lowered to $17

Foresight News, according to Coindesk, Jefferies Investment Bank said in a report that as US listed mining companies added new capacity faster than the growth rate of network hash rate, and Bitcoin prices fell by more than 6% in July, their mining profits fell slightly from June. Jefferies lowered Marathon Digital's target share price from $22 to $17, but maintained a hold rating. The stock fell 0.7% to $15 in pre-market trading.