Jefferies

Mining Profitability Climbed Over 5% in June as Hashrate Fell, BTC Price Rose: Jefferies

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Bitcoin (BTC) mining profitability increased 5.3% in June, buoyed by a 1.2% increase in the cryptocurrency's price and a 6.7% drop in the network hashrate, according to a report by investment bank Jefferies. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a … Read more

Galaxy Positioned to Capture Favorable Regulatory Upside, Jefferies Says as It Initiates With Buy

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Galaxy Digital (GLXY) is well positioned to capture upside from the favorable regulatory backdrop for cryptocurrency, Jefferies said in a new research report. Jefferies has initiated coverage of the crypto investment bank with a buy rating, citing the passage of the GENIUS Act in the U.S. as “providing favorable market structure,” for Galaxy's business. The … Read more