Riot Platforms

Mined: 362 BTC (8.71% more than in August) Sold: 340 BTC Balance as of September 30: 7327 BTC

In September, Riot Platforms mined 362 Bitcoin and received $11 million in energy credits and $2.5 million in demand credits through participation in ERCOT's ancillary services program.

In addition, Riot has entered into a long-term agreement with MicroBT, which includes an initial order of 7.6 EH/s of next-generation miners for the Corsicana plant. After its full implementation by mid-2024, the company’s total hashrate will be 20.1 EH/s.

Bitfarms

Mined: 411 BTC (7.31% more than in August) Sold: 362 BTC Balance as of September 30: 703 BTC

Over the past 4 weeks, Bitfarms has mined 411 bitcoins. The company's hashrate increased by 9% to 6.1 EH/s, slightly below our Q3 2023 target of 6.3 EH/s. The firm's CEO, Jeff Morphy, explains that this is due to some delays in the electrical infrastructure, which have pushed back the full installation of the equipment in Quebec by several weeks.

Mining director Ben Gagnon noted that Bitfarms was able to mine more BTC even with a 2.7% increase in mining difficulty.

Bit Digital

Mined: 130.2 BTC BTC (7% less than in August) Sold: 67.6 BTC Balance as of September 30: 821.1 BTC

Bit Digital mined 130.2 BTC, which is 7% less than in August. The decrease was mainly due to an increase in mining difficulty and a drop in the active hash rate: part of Bit Digital equipment was disconnected from the network at the request of power engineers from September 26 to October 6. In addition, the company is currently transferring a number of miners to alternative hosting sites, which also affected production volumes.

As of September 30, 2023, Bit Digital's active hashrate was approximately 1.19 EH/s. Treasury holdings of BTC and ETH totaled 821.1 and 13,783.4 coins, respectively.