Riot Platforms Increases Bitcoin Production by 19% in June
Riot Platforms has reported a significant increase in mined BTC, surpassing its mining activity in May with a 19% increase in the number of bitcoins mined from month to month, obtaining 255 BTC in June compared to 215 BTC in May. However, the company only mined about half the bitcoins compared to the same period last year, a expected consequence of the Bitcoin halving event in April.
In its report, Riot stated that it exceeded its second-quarter power target of 21.4 exahashes per second (EH/s), reaching 22.0 EH/s by the end of the month. Riot also announced that it received $6.2 million in energy credits from the Texan power grid, a slight decrease from the previous month, and aims for a total hash rate capacity of 31 EH/s by the end of the year.
Progress at Bitfarms and CleanSpark, Modest Gains for Cipher Mining
Bitfarms and CleanSpark have also managed to increase the number of bitcoins mined from month to month.
Cipher Mining continued its expansion in June with 30 megawatts added to its Texan data centers known as Bear and Chief Mountain. CEO Tyler Page stated that the installation of new mining machines at Bear was completed, and the installation of the remaining machines at Chief would be completed later this month. Cipher produced 176 bitcoins in June, a modest 6% increase from the 166 bitcoins mined in May, and sold 103 bitcoins, ending the month with a balance of approximately 2,209 bitcoins.
Slight Decreases for Marathon and Bitdeer
Marathon experienced a slight 4% decrease in the total number of bitcoins mined from month to month, with 590 BTC in June compared to 616 in May. Despite this decrease, Marathon continues to optimize its operations with latest-generation machines and cooling systems, and remains on track to reach its goal of 50 EH/s by the end of the year, according to Marathon’s President and CEO, Fred Thiel.
A particular transaction generated fees of 0.85 BTC, mainly due to Marathon’s technological advantage, including Slipstream, which allows for processing large Bitcoin transactions or non-standard transactions that other miners may ignore. The company now holds 18,536 BTC, compared to 17,857 the previous month.
Bitdeer, the US-listed mining company owned by Chinese billionaire Jihan Wu, also reported a slight decrease in the number of bitcoins mined. The company reported strong demand for its AI cloud services powered by NVIDIA DGX SuperPOD with the H100 system, reaching 75% utilization during the month.
