Even though the halving event continues to affect major miners, causing their profitability to decline significantly in recent months; however, a glance at the miners' June production reports shows that most miners still have reached their respective annual output levels. Medium computing power target.

Overall miner market

Judging from the Hashrate index data and purely in terms of computing power, miner Marathon Digital is far ahead, followed by Core Scientific, CleanSpark and Riot Platforms, with computing power exceeding 12 EH/s or above in the middle of the year.

It is worth mentioning that Iris Energy, which JPMorgan Chase previously predicted, is also on the list. Its stock IREN, along with CleanSpark (CLSK), BitDeer (BTDR) and HUT 8 (HUT), is one of the few miners with positive stock price growth this year. ; Among them, IREN has an astonishing increase of 111.6% this year.

(JPMorgan Chase: The halving market has happened in advance, and it is recommended to enter the mining company stocks)

A glance at the June production capacity reports of major miners

Marathon Digital

First of all, Marathon Digital is currently the most powerful miner with a computing power of 26.3 EH/s. However, its output has dropped by 40% compared to the same period last year.

The company’s latest press release also pointed out that due to the new facility in Australia being fully operational, Marathon’s blocks mined in that month increased by 10% compared to the same period last year:

We continue to utilize immersion cooling technology and next-generation hardware to deploy recently acquired sites. With these further expansions, we expect to reach our 50 EH/s computing power goal by the end of this year.

Core Scientific

Then, Core Scientific, a miner that has successfully made a comeback this year, has also reached a computing power of 20.4 EH/s. Without releasing any report for June, the company is still promoting the news of actively expanding its business territory.

Previously, the news that the company provided GPU hosting for artificial intelligence service provider CoreWeave has promoted the overall market value of 14 Bitcoin miners to increase by more than 4 billion US dollars in the past month, an increase of 22%, showing the current market investment Investors are highly interested in and affirmative of Bitcoin miners’ business expansion.

(JPMorgan Chase: Miners take over high-performance computing projects, attracting interest from mining company investors)

CleanSpark

In addition, due to the recent acquisition of five new Bitcoin mining farms in Georgia, USA, for US$155 million, CleanSpark's average operating computing power in June has been 17.85 EH/s, and the highest computing power has successfully reached 20 EH/s in the middle of the year. s goals.

Zach Bradford, CEO of the company, emphasized that we have reached a huge milestone on the road to the 50 EH/s goal by the end of the year, and the current computing power is more than double what we had in December last year:

While our peers are exploring other revenue streams, we are focused on increasing our Bitcoin mining power and related revenue and are delivering results.

Riot Platforms

On the other hand, Riot Platforms, another miner that failed to acquire miner Bitfarms, completed the installation of new facilities in Texas, USA, and expanded the available power capacity in Georgia. The company’s computing power increased from 10% per second in one month to 14.7 EH/s increased to 22 EH/s.

As a miner that also exceeded the mid-year computing power target of 21.4 EH/s, Riot CEO Jason Les regarded this June as a "historic month":

With the latest generation of MicroBT mining rigs powered up in the last few days of this month, we have laid the foundation for increasing efficiency and productivity in the coming months.

Bitfarms

After successfully resisting the acquisition attempt by one of its largest competitors, Riot Platforms, miner Bitfarms also pointed out in its June report that the company's Bitcoin production that month increased by 21% compared with the previous quarter, and its computing power reached 11.4 EH/s.

Ben Gagnon, director of mining at Bitfarms, said that even though the Bitcoin halving has caused the company’s output to drop by 51% compared with the same period last year, it is still expected to reach the goal of 21 EH/s by the end of this year:

The replacement of old and new mining machines has significantly increased our computing power and played an important role in the energy efficiency and mining capacity of our entire portfolio.

This article How will the mining companies fare after the Bitcoin halving? The June production capacity reports of major miners all met the mid-year computing power target! First appeared in Chain News ABMedia.