Bitcoin (BTC) Mining Profitability Fell in September, Jefferies Says

In September, North American listed mining companies played a significant role in the production of bitcoin, mining a larger share compared to the previous month. According to a report, these companies accounted for 22.2% of the total network, up from 19.9% in August.

One of the factors contributing to this increase was the improved uptime for these firms, which was aided by lower temperatures in the region. This allowed them to operate more efficiently and mine a greater amount of bitcoin during the month.

Overall, the data shows that North American mining companies are playing an increasingly important role in the bitcoin ecosystem, with their share of the network continuing to grow month over month.