Season 1 Episode 306
Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics.
• Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales
• Riot purchased additional land adjacent to Corsicana facility for future HPC development
• Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found
• Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion
• CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target
• CleanSpark shows best enterprise value per exahash at $34 million
• Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero
• Bitcoin mining difficulty increased 4.4%, creating headwinds for June production
• All three miners demonstrating different strategies for long-term sustainability
• Power cost remains the most critical factor for mining profitability
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Published on 6 months, 4 weeks ago
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