Jefferies: US-listed mining companies' bitcoin mining profits fell in July
2024-08-15 09:56:18
Jefferies investment banking research reports notes thanks bitcoindesk3cryptocurrencydesktopCrypto News
Jefferies investment bank noted in its latest research note that bitcoin mining profits fell slightly from June as bitcoin prices fell more than 6% in July while network hashrate remained stable. Jefferies cut its price target for Marathon Digital from $22 to $17, but maintained a hold rating. The stock fell 0.7% to about $15 in pre-market trading.
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