ChainCatcher News, according to CoinDesk, an investment bank Jefferies reported that Bitcoin mining profitability increased by 2% month-on-month in July, mainly benefiting from a 7% rise in Bitcoin prices and a 5% growth in total network hash rate. The US-listed mining companies produced 3,622 BTC that month, accounting for 26% of the total network, an increase of 1 percentage point from June.

Data shows that IREN became the highest producing mining company in July with 728 BTC, followed by MARA with 703 BTC. Currently, daily revenue per EH/s of hash rate is approximately $57,000, a 14% increase compared to the same period last year. Analysts point out that the rise in Bitcoin prices is most beneficial for digital asset companies like Galaxy.