November's bitcoin rally boosted miners, potentially ensuring December profitability, says Jefferies.
Jefferies rates Core Scientific stock as "buy" with a $19 target, highlighting its potential to meet growing AI service demand. Recent 12-year contract with CoreWeave supports this, marking a shift from Bitcoin mining to AI services for long-term growth.
Jefferies initiates coverage of Bitcoin miner Core Scientific with a buy rating and a $19 price target, viewing it as uniquely positioned to capture AI demand.
Jefferies predicts the U.S. election could significantly impact Bitcoin and crypto regulations. Analysts foresee favorable conditions regardless of the winner, with 65% of voters prioritizing digital currency regulation. Past elections saw Bitcoin's price surge, fueling investor optimism for positive policy changes.
Jefferies predicts a further decline in Bitcoin mining profitability in October due to stable prices, rising hashrate, and increasing network difficulty. Average daily revenue per exahash could drop by 5%, following an 11% hashrate rise. Miners are advised to optimize operations and use energy-efficient equipment.
Bitcoin mining profitability fell in September, with a continuing rise in network hashrate, as reported by Jefferies.
Jefferies warns October may be tough for Bitcoin miners due to rising hashrate and modest price increase, impacting profitability.
Jefferies reports a decline in bitcoin mining profitability in September due to a 1.7% rise in network hashrate and increased difficulty. Miners’ daily revenue per exahash decreased by 2.6%, with fewer bitcoins mined overall. Experts suggest cost optimization and equipment efficiency improvements for mining companies.
Bitcoin mining profitability decreased in September due to rising hashrate and stagnant BTC prices, according to Jefferies.
Jefferies reports that Bitcoin mining profitability dropped in September as the network hashrate increased by 11%, while the price rose by only 5%. October could pose further challenges for miners.
Jefferies reports a significant decline in Bitcoin mining in August.
Bitcoin mining was significantly less profitable in August, according to Jefferies. September could also be difficult due to low bitcoin prices and increasing network hashrate.
Jefferies lowered Marathon Digital's target price amid a slight decline in Bitcoin mining profitability last June, but maintained a 'hold' recommendation.
Jefferies' report shows Bitcoin mining was less profitable in July compared to June.
Jefferies reports a decline in Bitcoin mining profitability in July, citing a 6% drop in Bitcoin's price and stable network hashrate. U.S.-listed mining companies produced more Bitcoin but faced profitability pressures. Marathon Digital's price target was downgraded, and August could pose more difficulties as competition increases.
US elections may significantly impact Bitcoin's short-term future, according to Jefferies.
A Jefferies report suggests that the US presidential elections will influence Bitcoin's future.
Investment Bank Jefferies claims Bitcoin's future is aligned with the US political landscape, a sentiment echoed at the recent Bitcoin conference in Nashville attended by several politicians.
Bitcoin mining profitability rose in June as companies diversified into AI and cloud computing, according to Jefferies.
Bitcoin Mining profitability improved in June following a tough May, according to Jefferies Report.
Bitcoin mining profitability increased in June due to price rise and hashrate drop.
Jefferies' research report highlighted the changes and profitability rates in Bitcoin mining for June.
Jefferies Strategist supports Bitcoin as a store of value amidst economic uncertainty, highlighting its investment appeal and the impact of Spot Bitcoin ETFs.
Chris Wood from Jefferies justifies allocating to Bitcoin due to its store of value qualities amid economic crises.
Jefferies, a global brokerage, increases CMS Info Systems' (CMS) target stock price by 40% to ₹600 due to strong growth in revenue and profits, forecasting a stock re-rating.
Tradu, a cryptocurrency exchange owned by Jefferies' Stratos Group, has launched a new platform targeting active traders with a focus on low fees.
