US-listed Bitcoin mining companies accounted for 25.3% of global computing power in December, and mining profitability has increased significantly

PANews reported on January 10 that according to a Jefferies report, US-listed Bitcoin mining companies accounted for 25.3% of global computing power in December 2024. The report pointed out that the price of Bitcoin rose by 15% in December, which exceeded the 6.5% growth rate of network computing power, resulting in improved mining profitability. The average daily revenue was US$59,585 per EH (per exahash), a month-on-month increase of 7.1%.

In December, US listed mining companies mined 3,602 bitcoins, up from 3,404 in November. Among them, MARA produced the most, 890 bitcoins, followed by CleanSpark (CLSK), which produced 668 bitcoins. MARA's installed computing power was 53.2 EH/s, the largest in the industry, followed by CleanSpark at 39.1 EH/s.

Jefferies cut its price target on MARA to $20 from $24 but maintained a "hold" rating. MARA shares rose 0.5% to $18.43 in early trading Friday.