Cryptocurrency News Today TheBitTimes.com

Marathon Digital marked a remarkable milestone in September, producing an astounding 1,242 Bitcoin, accounting for an unprecedented 4.3% share of the Bitcoin miner rewards pie. In the same month, Bitcoin mining juggernauts, including Marathon Digital, Riot Platforms, and CleanSpark, showcased robust growth in their Bitcoin production figures. This surge translated into a slight uptick in their respective share prices on the 4th of October. Remarkably, despite Bitcoin’s price meandering within the range of $25,100 to $28,500, the balance sheets of these firms have grown stronger. Marathon Digital’s Bitcoin production achieved a staggering 245% surge, reaching a total of 1,242 BTC for the month of September. This marks a noteworthy 16% increase compared to August and an astronomical 245% leap compared to September 2022. The meteoric rise in BTC production can be attributed to an astounding 508% upswing in the firm’s installed hashrate. In September 2022, it stood a...

Bitfarms produced 411 bitcoins last month and sold 362. The Canadian miner is still lagging behind last year’s figures. Bitfarms stock is currently down 40% versus its recent high. Bitfarms Ltd says its mining output popped 7.3% in September as it continued to install new miners and “fully energised” its facility in Rio Cuarto to 51 MW. Bitcoin still holds 703 BTC in total The Canadian miner produced a total of 411 bitcoins last month – of which it sold 362 for about $9.5 million. Geoff Morphy – the Chief Executive of Bitfarms said in a press release today: We continue to believe that many of our best opportunities for growth and investment will arise around the next Bitcoin halving expected to occur in April 2024. The Toronto-headquartered firm still holds nearly $20 million worth of Bitcoin (703 in total). Its total operating capacity now sits at 233 MW. Shares of the Bitcoin Mining company are still down about 40% vers...