Riot Platforms boosts bitcoin mining production by 19% in June as Marathon Digital sees slight decline | Headlines | News | CoinMarketCap

07/03/2024 23:21
Riot Platforms boosts bitcoin mining production by 19% in June as Marathon Digital sees slight decline | Headlines | News | CoinMarketCap

Bitcoin mining firms across the industry have released statistics detailing their mining activity and energy consumption in June, as the companies …

Bitcoin mining firms across the industry have released statistics detailing their mining activity and energy consumption in June, as the companies continue to respond to the dramatic shift from April's halving event with greater investment in the latest-generation infrastructure and long-term energy procurement deals.

Riot Platforms managed to outperform its bitcoin mining activity from May with a 19% increase in the number of bitcoin mined month-over-month, earning 255 BTC in June compared to 215 BTC in May. However, the company only mined about half as many bitcoin as the same period last year, as expected following bitcoin's halving event this past April.

Riot, in its filing, said the company surpassed its second-quarter power target of 21.4 exahash per second (EH/s), achieving 22.0 …

Read more --->