Jefferies: Which Companies Produced the Most Bitcoin? Will They Be in the Black at the End of the Year? - Coin Bulletin

Bitcoin's reaching record levels earlier this week has raised expectations that the mining sector will be able to sustain its profitability in December, just as it did in November.

According to a report published by Jefferies investment bank, the Bitcoin mining economy showed significant improvement in November.

Mining profitability increased in November

Please input the text to be translated. According to the report, the average price of Bitcoin increased by about 31 percent in November, while the average hash rate of the network increased by approximately 4 percent. This situation increased the daily average income of miners.

Jefferies analysts Jonathan Petersen and Jan Aygul said, 'The daily average revenue per exahash was $55,649, which represents a monthly increase of 20.7%.'

Weak performance from miners in US exchanges

In the US, public mining companies produced less Bitcoin in November compared to the previous month, but the amount of Bitcoin they produced on a network basis reached 24.7% of the total network. The report mentioned that mining activities may have benefited from the lower temperatures with the start of the winter season.

Companies that produce the most Bitcoin

The report states that MARA Holdings (MARA) was the company that produced the most Bitcoin in November and earned a total of 907 Bitcoin. CleanSpark (CLSK) came in second place and produced 622 Bitcoin.

MARA's installed hash rate has reached 46.1 EH/s as an industry leader. CleanSpark came in second with 33.7 EH/s.