In September, the output of Bitcoin miners Marathon, Riot, and CleanSpark increases.
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...