April 15, 2025
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Bitcoin Mining Profitability Down 7.4% in March as Prices, Transaction Fees Fell: Jefferies

Mining Proficiency Worsned Due to A 11.2% Decline in the Bitcoin Price and A 9.1% Slump in Transaction Fees, The Report Said.”, – WRITE: www.coindesk.com

Bitcoin Mining Profitability Down 7.4% in March as Prices, Transaction Fees Fell: Jefferies Mining Proficiency Worsned Due to A 11.2% Decline in the Bitcoin Price and A 9.1% Slump in Transaction Fees, The Report Said. APR 14, 2025, 2:28 PM

Bitcoin (BTC) Mining Profitability Fell 7.4% in March, Investment Bank Jefferies Said in A Research Report Friday.

The Drop Was Due to A 11.2% Decline in the AVERAGE BITCOIN PRICE AND A 9.1% Drop in Transaction Fees, The Report Said.

US-LITTED MINERS MINED 3.534 Bitcoin in March Versus 3,002 In February, Jefferies SAID, AND THESE Companies Accounted For 24.8% of the Total Network Last MONTH, COMPAREED TOPAD to TOPAD.

Mara Holdings (Mara) Produced The MOST BITCOIN IN MARCH, WITH 829 TOKENS, The REPORT SAID, Followed by Cleanspark (CLSK) WITH 706 BTC.

Mara Also Had The Largest Installed Hashrate, At 54.3 Exahashes per Second, with Cleanspark the Second-Largest at 42.4 Eh/S, The Report Adeded.

Looking at April, Jefferies Noted Bitcoin Is Broadly Unchanged While the S&P 500 Stock Index is Down 6%. US Dollar Weakness May Be Responsible for Some of that Outperformance, Said The Bank.

Read More: US-LISTED BITCOIN MINERS SHED 25% OF THEIR Market Cap in March: JPMORGAN

Will CannyWill Canny Is An Experienced Market Reporter with a demonstrated History of Working in the Financial Services Industry. He’s Now Crypto Beat As A Finance Reporter at Coindesk. HE OWNS more than $ 1,000 of Sol.

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