Bitcoin Miners See Profits Rise in February But Public Companies Lose Market Share

• Bitcoin mining was more profitable in February than January as price rose 15% while hashrate increased just 9% • Publicly traded North American miners produced smaller share of bitcoin in February, down to 17.5% from 19% • Network hashrate has nearly doubled in a year but publicly traded miners have lost market share • Marathon Digital changing strategy, buying out some hosting services ahead of halving • Jefferies cuts Marathon Digital's price target to $24 on downtime concerns but raises Argo Blockchain target to $1.50 on potential for more miners