PANews January 10th news, according to the Jefferies report, US-listed Bitcoin mining companies will account for 25.3% of global Computing Power in December 2024. The report points out that the price of Bitcoin rose by 15% in December, exceeding the 6.5% growth rate of network Computing Power, leading to an increase in mining profitability. The average daily income is $59,585 per EH (exahash), an increase of 7.1% compared to the previous month.
In December, US-listed mining companies mined a total of 3,602 Bitcoins, higher than the 3,404 mined in November. Among them, MARA produced the highest number, with 890 Bitcoins, followed by CleanSpark (CLSK) with 668 Bitcoins. MARA has the largest Computing Power installation at 53.2 EH/s, followed closely by CleanSpark at 39.1 EH/s.
Jefferies lowered MARA’s target price from $24 to $20, but maintained a “hold” rating. MARA’s stock price rose 0.5% to $18.43 in early trading on Friday.
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