According to a research report by Jefferies, U.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December. The report also stated that mining profitability improved in December, with an average daily revenue of $59,585 per exahash, a 7.1% increase from November. U.S.-listed mining companies mined 3,602 bitcoin in December, and MARA Holdings was the top miner with 890 tokens. Jefferies lowered its price target for MARA Holdings to $20 from $24, but maintained its hold rating on the stock. MARA had the largest installed hashrate in the sector with 53.2 exahashes per second.



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