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Bitcoin Mining Stocks Wobble as Miner Profitability Drops, JPMorgan Reports

  • Bitcoin experienced significant price volatility in late February and early March, with values fluctuating between US$78,452 and US$94,727.
  • JPMorgan reported a collective 22% drop in mining stocks and a 5% decrease in mining revenue, with miners averaging US$54,300 per EH/s.
  • Marathon Digital (MARA) reported a 6% decline in blocks won and Bitcoin production, attributing this to February’s shorter month and increased network difficulty.
  • Broader macroeconomic concerns, including potential trade tensions, are adding additional pressure to the cryptocurrency and mining ecosystem.

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