Bitcoin mining profitability fell 7% in September

Investment bank Jefferies reported that Bitcoin mining profitability fell 7% in September due to a rise in the network hashrate. U.S.-listed mining companies mined a total of 3,401 BTC during the month, a decrease of 175 BTC from the 3,576 BTC mined in August. Their share of the mining market also fell slightly from 26% to 25%.