According to a Jefferies report, US-listed Bitcoin miners accounted for 25.3% of global computing power in December 2024. The report pointed out that the price of Bitcoin rose by 15% in December, which exceeded the 6.5% growth of network computing power, resulting in improved mining profitability. The average daily revenue was $59,585 per exahash (per quintillion hashes), an increase of 7.1% month-on-month.
US-listed miners mined a total of 3,602 bitcoins in December, up from 3,404 in November. Among them, MARA produced the most, 890, followed by CleanSpark (CLSK), with 668. MARA has an installed computing power of 53.2 EH/s, the largest in the industry, followed by CleanSpark at 39.1 EH/s. Jefferies lowered its target price for MARA from $24 to $20, but maintained a "hold" rating. MARA shares rose 0.5% to $18.43 in early trading on Friday. (coindesk)