๐September 2023 was a fantastic month for Bitcoin mining companies! While the crypto world was busy with high-profile court cases, Bitcoin miners improved their hash rates, promising a brighter future for the first cryptocurrency. ๐
Three Bitcoin mining firms reported record outputs, coinciding with Kraken's 5-year ATH of BTC inflow and a 506.06M hash rate spike in mid-September. ๐
CleanSpark celebrated its best year on record, mining 643 BTC in September and bringing its total BTC holdings to 2,240. ๐ฅณ Riot Blockchain also had a great month, mining 362 BTC, thanks to a deal with ERCOT, Texas' electric grid, which paid out over $13 million in energy credits. ๐ฐ
Marathon Digital Holdings outshined them all, producing 1,242 BTC during September and bringing its Year-to-Date total to 8,610. ๐ Marathon plans to focus on growth, evaluating opportunities for its next 5 exahashes of hash rate capacity, including international locations with low-cost renewable energy. ๐
Cheers to a record-breaking month for Bitcoin miners! ๐