Investment bank Jefferies: Bitcoin mining companies' profits in August were significantly lower than in July

ChainCatcher news, investment bank Jefferies stated in a research report on Wednesday that Bitcoin mining profits in August were far lower than in July, as the average price of Bitcoin fell by more than 4%, while the average network hash rate increased by about 2.7%. The report also noted that September will be another tough month, as BTC remains below $60,000 and the network hash rate continues to rise.