\u201cWe are evaluating multiple opportunities for our next 5 exahashes of hash rate capacity including international locations with low-cost renewable energy.\u201d<\/p><\/blockquote>\n
Marathon says it has now produced 8,610 BTC year-to-date in 2023. The firm’s balance sheet shows\u00a013,726 unrestricted BTC and $101 million in unrestricted cash and cash equivalents on its balance sheet \u2014 totaling $471.2 million.\u00a0<\/p>\n
The firm\u2019s share price increased 3.29% to $7.54 on Oct. 4, according to Google Finance.<\/p>\n
Meanwhile, Bitcoin miner Riot Platforms increased its BTC production by 9% month-on-month, producing 362 BTC in September while “strategically curtailing mining operations.”<\/p>\n
The firm is in a long-term contract whereby it sells pre-purchased power to its utility provider at market-driven spot prices in exchange for power curtailment credits.<\/p>\n
Riot Platforms CEO Jason Les\u00a0said the contract has continued to provide a strong revenue source for the firm:<\/p>\n
\u201cBy strategically curtailing mining operations, we also received $11.0 million in Power Credits pursuant to our long-term power contracts with our utility provider, and $2.5 million in Demand Response Credits from participating in ERCOT\u2019s ancillary services program.\u201d<\/p><\/blockquote>\n
The results show that Riot earned more from power curtailment credits than the net proceeds of its Bitcoin sales in August and September.\u00a0<\/p>\n
Related: <\/em><\/strong>Buying Bitcoin is preferable to BTC mining in most circumstances \u2014 Analysis<\/em><\/strong><\/p>\nMeanwhile, Les said Riot\u2019s total self-mining hash rate capacity is currently at 12.5 EH\/s, and the firm expects to bolster that figure to 20.1 EH\/s once the firm installs another 33,000 next-generation Bitcoin miners in mid-2024.<\/p>\n
Riot\u2019s share price increased 3.25% to $9.06 on Oct. 4, according to data from Google Finance.<\/p>\n
CleanSpark records its \u2018best quarter\u2019 and \u2018best fiscal year ever\u2019<\/h3>\n
Bitcoin miner CleanSpark produced 643 BTC in September and 6,903 BTC during its fiscal year from Oct. 1, 2022 to Sept. 30, 2023 \u2014 making it the company\u2019s best performance to date, according to CleanSpark\u2019s CEO and President Zach Bradford.<\/p>\n
\u201cWe had our best quarter and best fiscal year ever,” Bradford said in an Oct. 3 statement.<\/p>\n
Bradford cited increased efficiency, low energy costs and its facilities running at max capacity as three of the main drivers behind the firm\u2019s record results.<\/p>\n
CleanSpark\u2019s share price increased 4.61% to $3.63 on Oct. 4, according to Google Finance.<\/p>\n
Bit Digital, which also released results on Oct. 4, was one of a few firms whose Bitcoin production fell in September \u2014 recording a 7% fall to 130.2 BTC.<\/p>\n
In an Oct. 4 statement, the firm attributed the fall to approximately 600 petahashes (per second) of miners dropping offline due to a power utility mandated maintenance outage on Sept. 26.<\/p>\n
Magazine: <\/em><\/strong>Bitcoin 2023 in Miami comes to grips with \u2018shitcoins on Bitcoin\u2019<\/em><\/strong><\/p>\nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September,…<\/p>\n","protected":false},"author":4,"featured_media":194580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
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