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Analysis: In July, Bitcoin mining profits rose by 2%, and the proportion of US-listed mining companies increased.
In July, the profitability of Bitcoin mining increased by 2% month-on-month, thanks to a 7% rise in Bitcoin prices and only a 5% increase in computing power. American mining companies produced 3,622 BTC that month, accounting for 26% of the entire network. IREN and MARA were the highest and second highest producing mining companies, respectively. The daily revenue per EH/s of computing power was approximately $57,000, a year-on-year increase of 14%.
BTC0.37%
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