JPMorgan Reports That Bitcoin Mining Profitability Hit Recent Record Low in September

Bitcoin mining companies saw a sharp decline in profitability in September, according to an article by David Pan for Bloomberg News, citing a report by J.P. Morgan. Analysts Reginald L. Smith and Charles Pearce pointed out that the daily block reward gross profit dropped 6% compared to the previous month, marking the lowest point in […] source: https://www.cryptoglobe.com/latest/2024/10/jpmorgan-reports-that-bitcoin-mining-profitability-hit-recent-record-low-in-september/