ChainCatcher news, according to CoinDesk, research from investment bank Jefferies shows that Bitcoin mining profits declined in September, despite Bitcoin prices remaining relatively stable, while network hash rate increased by about 1.7%. The bank noted that the average daily revenue per Exahash fell by 2.6%.Additionally, October may be more challenging for miners; although Bitcoin prices rose by about 5%, the network hash rate grew by 11%, further pressuring earnings.The report also indicated that the share of mining by North American publicly listed companies increased from 19.9% in August to 22.2% in September, with Marathon Digital mining the most Bitcoin at 705 coins, followed by CleanSpark (CLSK), which mined 493 coins.

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.

ChainCatcher news, according to Coindesk, Jefferies investment bank pointed out in its latest research report that due to the Bitcoin price dropping over 6% in July while the network hash rate remained stable, Bitcoin mining profits have slightly decreased compared to June. Jefferies lowered the target stock price for Marathon Digital from $22 to $17, but maintained a hold rating. The stock fell 0.7% in pre-market trading to about $15.The report shows that U.S.-listed mining companies produced more Bitcoin in July, accounting for 21.1% of the total network output, up from 20.7% in May. Analysts Jonathan Petersen and Joe Dickstein noted that the pace of new capacity additions by public companies has outstripped the growth rate of the network hash rate. Marathon Digital produced 692 Bitcoins in July, a 17% increase from the previous month, and its installed hash rate remains the largest in the industry.JPMorgan's report also pointed out that the global hash rate share of U.S.-listed miners reached a record high in July. August will be more challenging for miners as the Bitcoin price has dropped about 5% and the network hash rate has begun to grow again.

ChainCatcher news, according to CoinDesk, investment bank Jefferies stated in a research report on Monday that due to a 2% increase in Bitcoin prices, a 5% decrease in network mining difficulty, and adjustments made to the market's expectations regarding the halving, Bitcoin mining profits in June were higher than in May.Analyst Jonathan Petersen wrote: "From the most obvious direct impact of the halving in May, June was a month of moderate recovery in (mining profits)."

ChainCatcher news, according to a tweet from an FTX creditor (@sunil_trades), the renowned investment bank Jefferies is in contact with potential bidders for FTX, hoping to restart FTX.Zhu Su responded, "FTX 2.0 will revitalize capital and give those whose capital is trapped a second chance." (source link)

ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, the FTX creditors' committee has hired Jefferies and FTI Consulting Inc. as financial advisors.ChainCatcher previously reported that the FTX creditors' committee had hired the law firm Paul Hastings LLP last week. This committee consists of 9 members and is currently the only client group that can charge legal and advisory fees to FTX. (Source link)

According to ChainCatcher, The Block reports that New York investment bank Jefferies Financial Group expects FTX creditors to recover about 20% to 40% of their funds, but it is anticipated that the fees for lawyers and other administrators in this bankruptcy process, which could last for several years, may reach between $500 million and $1 billion. Therefore, the net assets that creditors can recover may be between 10% and 35% of the assets they held on FTX.In addition, companies including Jefferies have stated that they have completed or are close to completing several transactions to acquire FTX creditor claims. (source link)

ChainCatcher news reports that, according to The New York Times, several Wall Street institutions, including the well-known investment bank Jefferies, broker Seaport Global, and BTIG, are trying to assess the potential value of trapped assets on the FTX platform, seeking to acquire their claims from users at a discount. Once a deal is reached, these brokers expect to sell the related assets to professional hedge funds.The New York Times states that due to the extremely complex bankruptcy proceedings of FTX, customers may need years to recover their funds, and they are likely to receive only a small portion of their deposited funds as compensation. Wall Street brokers hope to purchase customer asset claims at a discount, a common practice in bankruptcies, allowing investors to recover some funds more quickly by transferring their claims to professional firms willing to participate for greater profits. However, given the uncertainty of the bankruptcy process, it remains questionable whether any funds on the FTX platform can be smoothly recovered, and currently, investment banks/brokers are only willing to acquire customer claims at less than 10% of their value. (Source link)