Bit Digital and Iris Vitality reported June Bitcoin (BTC) mining outcomes on July 5, posting one-year hash fee will increase alongside decreased BTC output since April.
Bit Digital reported a hash fee of two.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in Might and 1.78 EH/s in June 2023.
The agency produced 61.7 BTC in June, down 2.5% from Might. In earlier reviews, the corporate mentioned it produced 63.3 BTC in Might and 119.3 BTC in April.
The corporate additionally reported outcomes of its different income streams, together with combination staking rewards of roughly 49.8 ETH and three.5% blended APY on Ethereum staking. Moreover, the agency introduced in $4.1 million from its Bit Digital AI contract.
Iris Vitality, Argo Blockchain outcomes
Iris Vitality mined 233 BTC in June, up from 230 BTC in Might however down from 358 BTC in April. It reported $15,490 in June mining income, up from $15,079 in Might.
The agency reported a mean working hash fee of 9,316 petahashes per second (PH/s) in June, down from 9,414 PH/s in Might. It attributed the discount to taking part within the 4 Coincident Peak (4CP) financial savings program, energy gross sales, Emergency Response Service (ERS) response, and gear commissioning-related actions.
Nonetheless, its hash fee is up considerably year-over-year from from 5,587 PH/s in June 2023.
In the meantime, Argo Blockchain mined 44 BTC throughout June, in comparison with 45 BTC in Might and 99 BTC in April. The agency’s mining income for the month stood at $2.9 million.
The newest outcomes comply with reviews from different mining firms, a lot of which have described hash fee will increase over varied durations. Marathon Digital and Riot Platforms, among the many largest mining corporations by inventory market cap, doubled their hash fee year-over-year.
Many corporations additionally reported decreased Bitcoin output in comparison with April. June marked the second full month of mining operations following Bitcoin’s halving, which decreased block rewards for miners.
