At the beginning of May, #mining companies reported the results of their activities for April 2024.

Read. Bitcoin Miners: Report for March

7 mining companies

Marathon Digital Holdings

  • Mined: 850 BTC

  • Hashrate: 29.9 EH/s

  • Sold: 600 BTC

  • Balance as of April 30th: 17,631 BTC

At the end of April, Marathon Digital increased the target hash rate of the first cryptocurrency network to 50 EH/s by the end of 2024.

Riot Platforms

  • Mined: 375 BTC

  • Hashrate: 12.6 EH/s

  • Sold: -

  • Balance as of April 30th: 8,872 BTC

In April, Riot reached a significant milestone by launching its second specialized #Bitcoin mining facility located in Corsicana, Texas, ahead of the halving on April 20, 2024. It is expected that Riot's self-mining capacity will reach 31 EH/s by the end of the year.

During the first quarter, Riot reported a net profit of $211.8 million, with earnings per share of $0.82. Total revenue amounted to $79.3 million compared to $73.2 million from January to March 2023. The company attributed the positive dynamics to the rise in the price of the first cryptocurrency.

Bitfarms

  • Mined: 269 BTC

  • Hashrate: 7 EH/s

  • Sold: 245 BTC

  • Balance as of April 30th: 830 BTC

The company also stated that in April they received confirmation from Canadian tax authorities for a $23.7 million GST refund plus interest.

HIVE Blockchain

  • Mined: 212 BTC

  • Hashrate: 5 EH/s

  • Sold: -

  • Balance as of April 30th: 2,377 BTC

With the arrival of the remaining Antminer S21 units from Bitmain in May and June, HIVE expects to reach 5.5 EH/s.

Hut 8 Mining

  • Mined: 148 BTC

  • Hashrate: 26.6 EH/s

  • Sold: -

  • Balance as of April 30th: 9,109 BTC

The company reported that 63 MW has been commissioned at the Salt Creek facility in Colorado. Additionally, the Ionic Digital Cedarvale site with a capacity of 215 MW has been partially connected.

Bit Digital

  • Mined: 119.3 BTC

  • Hashrate: 2.76 EH/s

  • Sold: -

  • Balance as of April 30th: 992.4 BTC

Bit Digital's treasury reserves in the first and second cryptocurrencies were valued at 992.4 BTC and 20,241.7 ETH respectively, with a fair market value of approximately $60.2 million and $61 million as of April 30. The company's cash and cash equivalents amounted to $43.7 million.

Argo Blockchain

  • Mined: 99 BTC

  • Hashrate: -

  • Sold: -

  • Balance as of April 30th: 12 BTC

In April, Argo Blockchain generated 99 BTC (3.3 #BTC per day), down from 103 BTC in March. Mining revenue amounted to $6.6 million, a decrease of 6%.

Mining is indeed an interesting topic. It's fascinating to see how these companies are navigating the mining landscape and the impact it has on the overall cryptocurrency market. We'd like to hear your opinion .👍