Bitcoin Halving Squeezes Miners, But Marathon, CleanSpark Stand Out: JPMorgan
CleanSpark(CLSK) Benzinga·2024-08-23 21:43
Bitcoin miners faced a challenging second quarter of 2024, navigating the fourth Bitcoin BTC/USD halving event that slashed their daily coin yields in half. The halving led to lower margins and profitability across the sector, with total bitcoin mined down 28% sequentially, according to a recent report by JPMorgan analyst Reginald L. Smith. Despite the tougher landscape, Marathon Digital Holdings Inc MARA maintained its lead, mining 2,056 bitcoins, while Riot Platforms Inc RIOT ramped up its hashrate the mo ...