U.S.-Listed Bitcoin Miners Capture 25% of Global Market
- U.S.-listed miners represented 25.3% of the global network in December.
- MARA Holdings’ price target reduced to $20; shares rose 0.5% to $18.43.
- Mining profitability increased with a 15% rise in bitcoin prices.
- MARA mined the most bitcoin with 890 tokens, leading the sector.
The reduction in MARA Holdings’ price target, despite its leading mining output, suggests market caution regarding future profitability amid fluctuating bitcoin prices and increasing competition within the mining sector.
