TechFlow news, January 10 — According to a report by investment bank Jefferies, U.S.-listed Bitcoin miners accounted for 25.3% of the global network hashrate in December, representing 25.3% of global mining power during the month. As the average Bitcoin price rose by 15%, mining profitability improved in December, outpacing the 6.5% increase in network hash rate, leading to higher earnings for mining companies.
In addition, Jefferies lowered its price target for MARA from $24 to $20, while maintaining a Hold rating on the stock.
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