“The MONTHLY PERFORANCE WAS The Third-Worst on Record, The Report Said.”, – WRITE: www.coindesk.com
Only One Stock, Stronghold Digital Mining (SDIG), OutperFormed Bitcoin (BTC) Last Month, The Report Noted. Bitfarms (Bitf) Completed ITS Acquisition of the Company on March 17. MINERS WITH HIGH Performance Computing (HPC) Exposure Underformed Pure-Play MINers For the Second MONTH MOND MONTH.
“We Note Valuations today are at the Lowest Levels Relatives to the Block Reward Since the Collaps of FTX in the Fall of 2023,” Analysts Reginald Smith and Charles Pearce Wrote.
The AVERAGE NETWORK HASHRATE INCHED HIGher Durying the MONTH TO 816 Exahashes per Second (Eh/S), The Report Said. The Hashrate Refers to the Total Combined Computational Power Used to Mine and Process Transactions on A Proof-of-Work Blockchain, and Is a Proxy for Competition in the Industry and Mining.
Mining Revenue and Profitability Both Fell.
“We Estimate Bitcoin Mines Earned An Average of $ 47.300 per eh/s in Daily Block Revenue Revenue in March, Down 13% from From February,” The Bank SAID. Daily Block Reward Gross Profit Droped 22% MONT-ON MONTH TO $ 23,000 per eh/s.
Stronghold Digital OutPerFormed the Sector Last Month with A 2% Decline. CIPPER MINING (CIFR) UnderPerFormed with A 45% Slump.
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