Bitcoin mining profitability jumps 18% in May

Bitcoin mining profitability rose 18.2% in May, driven by a 20% increase in BTC price and a slight rise in network hashrate, according to investment bank Jefferies cited by CoinDesk. U.S.-listed miners produced 3,754 BTC, with Marathon leading at 950 BTC. Despite strong output, Jefferies lowered its price target for MARA to $16.