The report shows that the rise in Bitcoin prices drove a 2% increase in mining profitability in July

According to news from Hash World and a report by Coindesk, investment bank Jefferies indicated in a research report that due to a 7% increase in Bitcoin prices and a 5% increase in network hash rate, Bitcoin mining profitability grew by 2% in July. The report states that mining companies listed in the U.S. mined a total of 3,622 Bitcoins in July, compared to 3,379 in the previous month; these companies accounted for 26% of the entire network, up from 25% in June. IREN mined the most Bitcoins, with 728 tokens, followed by MARA Holdings with 703 BTC. MARA's hash rate remains the highest in the field, at 58.9 EH/s by the end of July, while CleanSpark (CLSK) ranks second, at 50 EH/s.