Bitcoin Mining Profitability Expected to Continue in December

According to PANews, a report released by investment bank Jefferies on Wednesday highlights that Bitcoin's recent all-time high is likely to sustain miners' profitability from November into December. The report indicates that the economic conditions for Bitcoin mining improved in November, with the average Bitcoin price rising by 31% and the average network hash rate increasing by nearly 4%. The average daily revenue per Exahash in November was $55,649, marking a 20.7% month-over-month increase. The report suggests that improved uptime, partly due to cooler temperatures as winter approaches, contributed to these favorable conditions. MARA Holdings emerged as the leading Bitcoin miner in November, extracting 907 Bitcoins, while CleanSpark followed with 622 Bitcoins. MARA's installed hash rate remains the largest in the industry at 46.1 EH/s, with CleanSpark in second place at 33.7 EH/s.