– Bitcoin mining profitability declined 5% in August – Network hashrate increase cited as primary reason – U.S.-listed miners produced 3,573 bitcoins in August – MARA Holdings mined the most with 705,703 tokens – MARA’s hashrate largest at 59.4 EH/s; CleanSpark second

Bitcoin (BTC) mining profitability decreased by 5% last month due to an increase in the network hashrate, according to a report by Jefferies.

A hypothetical fleet with one EH/s would have generated approximately $55k/day in August, down from $58k/day in July, but up from $44k a year ago.
The hashrate, representing total computational power for mining, acts as a proxy for competition and difficulty in the industry, measured in exahashes per second (EH/s).
U.S.-listed mining companies produced 3,573 BTC in August, slightly down from 3,598 BTC in July, maintaining a 26% share of the Bitcoin network.
MARA Holdings led production with 705,703 tokens, followed by IREN.
MARA's energized hashrate is the largest at 59.4 EH/s, with CleanSpark following at 50 EH/s.