
Riot Platforms reported a strong third-quarter performance with revenue of $84.8 million, a 65% increase from the previous year. The company achieved a hash rate of 28 EH/s and maintained Bitcoin production at 1,104 coins, despite challenges posed by the recent Bitcoin halving. In October, Riot further increased its hash rate to 29.4 EH/s and mined 505 Bitcoin, marking a 23% rise in production from September. Meanwhile, Marathon Digital Holdings also reported significant gains, mining 717 Bitcoin in October, indicating a recovery in production levels since the April halving, which had reduced miner rewards by half. Other miners, including CleanSpark, reported a 32% increase in production with 655 Bitcoin mined in October. Overall, both Riot and Marathon are experiencing record production levels post-halving, signaling a positive trend in the Bitcoin mining sector.
MARA Reports 2% Increase in Bitcoin Mining for October 2024; Transaction Fees Account for 5% of Total Production #NewsBytes https://t.co/oRJPm5cVwk
[GLOBE NEWSWIRE] Bitmain’s BitFuFu Q3 report shows mining costs up to $59,452 per $BTC, self-mined #Bitcoin down 34% to 340 BTC, and cloud mining output for customers down from 1,614 BTC to 957 BTC
Marathon And Riot See Record Bitcoin Production Surge Post-Halving Bitcoin miners Marathon Digital and Riot Platforms reported record monthly Bitcoin production in October, signaling recovery since the April halving, which cut miner rewards by half. Marathon mined 717 BTC… https://t.co/0C6mzQYxlI

