Bitcoin (BTC) miners Marathon Digital and Riot Platforms have doubled their hash fee since June 2023 amid numerous 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 improve from 13.0 EH/s. The change additionally marks a 2% month-to-month improve 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 stated it achieved a 22.0 EH/s hash fee in June, marking a 106% improve from 10.7 EH/s in June 2023 and a 50% improve 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 accessible 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 stories
Not less than two extra companies have practically doubled their hash fee over numerous intervals. 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 below administration in June, down from 22.4 E/H in Could however up from 18.8 the earlier yr. Bitdeer mined 179 BTC by means of self-mining, down from 184 BTC in Could.
