PANews reported on January 10 that according to a Jefferies report, US-listed Bitcoin mining companies will account for 25.3% of the global computing power by December 2024. The report pointed out that the price of Bitcoin rose 15% in December, outpacing the 6.5% increase in network computing power, leading to an increase in mining profitability. The average daily revenue was $59,585 per EH (exahash), an increase of 7.1% month-on-month.
US-listed mining companies mined a total of 3,602 Bitcoins in December, higher than the 3,404 Bitcoins mined in November. Among them, MARA company had the highest output of 890 Bitcoins, followed by CleanSpark (CLSK) with 668 Bitcoins. MARA's installed computing power was 53.2 EH/s, the largest in the industry, followed by CleanSpark with 39.1 EH/s.
Jefferies lowered MARA's target price from $24 to $20, but maintained a "hold" rating. MARA's stock price rose 0.5% in early trading on Friday, to $18.43.
