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Bitcoin Miners Strike Gold: 5% Profit Surge in June as Hashrate Dips & BTC Pumps (Jefferies Data)
Bitcoin Miners Strike Gold: 5% Profit Surge in June as Hashrate Dips & BTC Pumps (Jefferies Data)
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Mining margins just got a bullish jolt—while the network caught its breath.
Here’s the breakdown:
Hashrate retreats, profits defy gravity
Bitcoin’s computational power took a breather in June, but miners laughed all the way to the bank. Jefferies reports a slick 5% profitability bump—proof that sometimes less really is more (especially when BTC price action does the heavy lifting).
The cynical take
Wall Street analysts still can’t decide if mining is an industry or a high-stakes energy arbitrage play. Meanwhile, hodlers keep stacking sats like the apocalypse is nigh.
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