PANews reported on December 19 that according to CoinDesk, a report released by investment bank Jefferies on Wednesday said that Bitcoin hit a record high earlier this week, and it is expected that this will enable miners to continue their profitability in November into December.
The report pointed out that the economic conditions of Bitcoin mining improved in November, with the average Bitcoin price rising by 31% and the average network computing power rising by almost 4%; the average daily revenue per Exahash in November was $55,649, an increase of 20.7% month-on-month. The bank pointed out that the improvement in uptime may be partly due to the drop in temperatures with the arrival of winter.
The report states that MARA Holdings mined the most Bitcoin, with 907 in November, and CleanSpark came in second with 622. MARA’s installed hashrate remains the largest in the industry, reaching 46.1 EH/s, followed by CleanSpark at 33.7 EH/s.
