Analysis: Bitcoin mining profits increased by 2% in July, and the share of U.S. listed mining companies has risen

ChainCatcher news, according to CoinDesk, an investment bank Jefferies report shows that Bitcoin mining profitability increased by 2% month-on-month in July, mainly benefiting from a 7% rise in Bitcoin prices while the overall network hash rate only grew by 5%. The U.S. listed mining companies produced 3,622 BTC that month, accounting for 26% of the total network, an increase of 1 percentage point from June.

Data shows that IREN became the highest-producing mining company in July with 728 BTC, while MARA ranked second with 703 BTC. Currently, the daily revenue per EH/s of hash rate is about $57,000, a 14% increase compared to the same period last year. Analysts point out that the rise in Bitcoin prices is most beneficial for digital asset companies like Galaxy.