Bitcoin mining companies listed in the United States accounted for 25.3% of global computing power in December, significantly improving their mining profitability

According to a report by Jefferies, US-listed Bitcoin mining companies accounted for 25.3% of the global hash rate in December 2024. The report pointed out that the price of Bitcoin rose by 15% in December, an increase exceeding the network's hash rate growth of 6.5%, leading to improved profitability from mining. The average daily income was $59,585 per EH up 7.1% month-on-month.

In December, US-listed mining companies mined a total of 3,602 Bitcoins, higher than November's figure of 3,404 coins. Among them, MARA produced the most at 890 coins followed by CleanSpark (CLSK) with an output of 668 coins. MARA had installed capacity at industry-leading levels with a hash rate of 53.2 EH/s while CleanSpark closely followed with its own capacity reaching up to39 .1 EH/s.

Jefferies lowered its target price for MARA from $24 to $20 but maintained a "hold" rating on it nonetheless. On Friday morning trading session ,MARA’s stock price increased by0 .5 %to reach$18 .43.