Bitfarmers earned 217 BTC in September, down from 233 BTC in August. This decline is attributed to the increase in network complexity, which peaked in September. Despite this drop, Bitfarm met its year-end efficiency goal of 21 watts per terahash ahead of schedule.
The company also increased energy efficiency by 16%, signed a hosting agreement with Stronghold Digital #MIning , increased operating capacity by 2.2 EH/s, and increased #BTC reserves to 1,147 BTC. The decrease in BTC mining was due to an increase in network complexity, which peaked in September, making it harder to mine BTC despite operational improvements.
In September, Hut 8 recorded a slight increase in #hash rate, from 18.5 EH/s in August to 19.5 EH/s at the end of the month.
This increase was due to the company deploying additional miners. However, despite the increase in throughput, Hut 8 mined slightly less BTC: 85 BTC in September compared to 87 BTC in August.
Over the same period, Iris performed better: its BTC mining volume increased significantly from 245 BTC in August to 347 BTC in September.
The increase in mining volumes was accompanied by a 42% increase in mining capacity due to an increase in the operating #hashrate to 21 EH/s.
October 4, BTC mining company CleanSpark revealed in its latest audited fiscal year report that its hashrate has increased by 187% over the past 12 months.
The company's hashrate increased from 9.6 EH/s in September 2023 to 27.6 EH/s in September 2024, driven by strategic portfolio diversification across three new states.
Read us at: Compass Investments
