Report: Bitcoin mining profits exceeded January in February, with prices rising faster than computing power growth

On March 27th, according to the latest research report by investment bank Jefferies, the profitability of Bitcoin (BTC) mining increased in February due to a 15% increase in Bitcoin prices and a relatively slow growth rate of 9% in network computing power. Although online computing power has almost doubled since a year ago, the market share of publicly traded mining companies has declined. The report points out that the share of Bitcoin produced by listed mining companies in North America has decreased from 19% of the total network to 17.5% compared to last month, and the new computing power comes from the addition of other channels. Jeffrey also adjusted its price targets for Marathon Digital and Argo Blockchain, reflecting the impact of rising Bitcoin prices and corporate strategic adjustments.