Bitcoin Mining Profitability Decreased by 6.6% in April
Bitcoin mining profitability decreased by 6.6% in April, correlating with a 6.7% rise in network hashrate, according to Jefferies.
- U.S. publicly listed mining companies produced 3,277 BTC in April, down from 3,534 BTC in March.
- These companies represented 24.1% of the total network hashrate, compared to 24.8% in March.
- MARA Holdings mined the most Bitcoin at 705 BTC, followed by CleanSpark at 633 BTC.
- MARA had the highest installed hashrate at 57.3 EH/s; CleanSpark followed with 42.4 EH/s.
- IREN achieved the highest implied uptime at around 97%, with HIVE Digital Technologies at approximately 96%.