Bitcoin Mining Profitability Skyrockets Nearly 20% in May – Jefferies Reports Bullish Surge

Bitcoin miners just caught a serious break—profit margins surged almost 20% last month as the network recalibrated. Jefferies’ latest data shows the industry’s resilience, even as traditional finance pundits still call it a 'bubble.'

Here’s the breakdown:

The Hashrate Shuffle: Post-halving adjustments are paying off. Miners who survived the squeeze are now reaping rewards, proving (once again) that Bitcoin’s death gets exaggerated more than a Netflix cancellation.

Wall Street’s Awkward Pivot: Analysts who dismissed mining as 'unprofitable' last quarter are now scrambling to update their models. Funny how a 20% swing changes the narrative—almost like they’re paid to be wrong first.

Bottom line? Bitcoin’s infrastructure keeps printing money, while bankers still argue about 'intrinsic value.' Tick-tock.