The first week of August has come to a close, and publicly traded Bitcoin miners have finished releasing their monthly mining updates.
Miners have been under pressure since the Bitcoin halving in April, and are trying to adjust to plummeting profits.
“Overseas competition will only continue to intensify, and it is difficult to believe that U.S.-listed companies will become low-cost producers in the long term and thus gain market share in this extremely commodity industry,” said short seller Kerrisdale Capital. Wrote From the June report.
Bloomberg reported last month that Cypher Mining Explore potential sales After receiving the right to take over.
Let’s take a look at the production of the largest miners during July.
MaraFormerly known as Marathon Digital, the company has a market cap of around $5 billion and is currently the largest public miner. Bitcoin Bitcoin
-1.22%
production rose It recorded 692 BTC, a 17% increase from the previous month, and the average operating hash rate increased by 5% to 27.5 EH/s.
As of July 31, MARA holds a total of 20,818 Bitcoins and has not sold any in July. The company has recently adopted a HODL approach to its BTC treasury policy and will retain all BTC mined by its operations and periodically make strategic open market purchases of BTC.
Cleanspark mine It is up about 10% from the previous month to 494 Bitcoins, and its financial debt has increased by 567% compared to the same period last year. It currently holds 7,082 BTC. The average hash rate in July was 20.07 EH/s, which means that an average of 15.94 Bitcoins were mined every day.
Riot Platform‘ production jumped in 45% since June, mined 370 bitcoins last month. Riot also Block Mining AcquisitionA Kentucky-based Bitcoin miner has signed a $92.5 million contract.
Core Scientific In July, 411 bitcoins were acquired (down from 430 in June), bringing the total hash rate to 20.1 EH/s. To support the expansion of the company’s HPC hosting business, Bitcoin miners will be relocated from data centers designated for HPC hosting to Bitcoin mining data centers. In addition, Block, Inc. (formerly Square) and Core Scientific announce Block has signed a contract to supply Core Scientific with its new 3nm mining ASICs.
Best of the rest
All of the following companies have a market capitalization of less than $2 billion.
Iris Energy mine The trading volume in July was 222 BTC, which is lower than June (233 BTC) and May (230 BTC). password mine I held 178 BTC and sold 108 BTC, making my total BTC holdings 2,270. TerrawolfMonthly production volume rose 13% ~ 155 BTC.
meantime, Cabin 8 105 Bitcoins were produced, bringing the total lot to 9,102, and New CFO.
Bitfarmsstill In the middle of The company potentially acquired by Riot acquired 253 BTC in July, up 34% from the previous month. The company said that since the halving, monthly mining of Bitcoin has increased by 62%.
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