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Bitcoin Miners Strike Gold: July Profits Surge 2% as BTC Price Soars (Jefferies Data)
Bitcoin Miners Strike Gold: July Profits Surge 2% as BTC Price Soars (Jefferies Data)
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Bitcoin miners just got a bullish boost—and Wall Street took notice.
Profits up, pressure down
As BTC prices rallied in July, mining profitability climbed 2% according to Jefferies. No fancy financial engineering here—just good ol’ supply-demand dynamics at work (though good luck explaining that to your average hedge fund manager).
The hash rate hustle pays off
Efficient operations and strategic energy sourcing are separating winners from stranded assets. Meanwhile, traditional finance still can’t decide if crypto is ‘digital gold’ or ‘a speculative bubble’—maybe it’s both.
Bottom line: When Bitcoin runs, miners print money. Until the next halving, at least.
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