Bitcoin Mining Production: Riot Platforms Up 19%, Marathon Digital Down Slightly
The Block1 year ago
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Bitcoin Mining Production: Riot Platforms Up 19%, Marathon Digital Down Slightly

Company Intelligence
Bitcoin
Mining
HashRate
Crypto
Company
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Summary:

  • Riot Platforms saw a 19% increase in bitcoin mined in June compared to May.

  • Bitfarms saw a 21% increase in bitcoin mined in June compared to May.

  • Cipher Mining experienced a modest 6% increase in bitcoin mined in June compared to May.

  • Marathon saw a small decrease in total bitcoin mined month-over-month.

  • Bitdeer also reported a slight decrease in the number of bitcoins mined.

  • Riot Platforms reached 22.0 EH/s of hash rate, exceeding its Q2 power target of 21.4 EH/s.

  • Marathon is on track to reach its target of 50 EH/s by year's end.

  • Bitdeer is aiming to reach a hash rate of 11.8 EH/s by year's end through expansion in Texas and Norway.

Bitcoin mining companies continue to adapt to the recent halving event with increased investment in infrastructure and energy procurement. Riot Platforms saw a 19% increase in bitcoin mined in June compared to May, while Bitfarms saw a 21% increase. Cipher Mining experienced a more modest 6% increase, while Marathon and Bitdeer saw slight decreases. Riot Platforms reached 22.0 EH/s of hash rate, exceeding its Q2 power target of 21.4 EH/s. Marathon, despite a small decrease in mined bitcoin, is on track to reach its target of 50 EH/s by year's end. Bitdeer, also experiencing a slight decline in mined bitcoin, is aiming to reach a hash rate of 11.8 EH/s by year's end through expansion in Texas and Norway.

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