Bitcoin (BTC) miners Marathon Digital and Riot Platforms have doubled their hash fee since June 2023 amid varied levels of change at different companies.
On July 3, Marathon reported a median operational hash fee of 26.3 exahashes per second (EH/s) in June, representing a 102% yearly enhance from 13.0 EH/s. The change additionally marks a 2% month-to-month enhance from 25.8 EH/s. The corporate targets 50 EH/s by year-end.
Marathon attributed its rising hash fee to operational enhancements at its Ellendale facility and to the location changing into totally operational in July.
Marathon produced 590 BTC in June, down 4% from 616 BTC in Could.
The corporate additionally elevated its Bitcoin holdings to 18,536 BTC, up 4% from 17,857 BTC in Could. As of June 30, Marathon held $1.4 billion in whole money and Bitcoin.
Riot additionally doubles hash fee
On July 3, Riot Platforms mentioned it achieved a 22.0 EH/s hash fee in June, marking a 106% enhance from 10.7 EH/s in June 2023 and a 50% enhance from 14.7 EH/s in Could.
The corporate elevated its hash fee by including 7.3 EH/s to its hash fee capability in two buildings at its Corsicana facility. It additionally used the obtainable capability at its Rockdale facility.
Bitcoin manufacturing rose barely month-over-month: Riot generated 255 BTC in June, up 19% from 215 BTC in Could. It held 9,334 BTC in June, up 3% from 9,084 BTC in Could.
Different efficiency reviews
A minimum of two extra companies have almost doubled their hash fee over varied durations. CleanSpark just lately reported doubling its hash fee since December 2023, whereas BitFarms raised its month-end hash fee from 5.3 EH/s to 10.4 EH/s year-over-year.
Some companies have reported lesser hash fee will increase. Cipher Mining reported a month-end working hash fee of 8.6 EH/S, up from 8.0 EH/s in Could and 6.0 EH/s the earlier yr. The corporate mined 176 BTC in June, up from 166 BTC in Could.
Bitdeer reported 22.3 EH/s hash fee beneath administration in June, down from 22.4 E/H in Could however up from 18.8 the earlier yr. Bitdeer mined 179 BTC via self-mining, down from 184 BTC in Could.
