Heatmap: Riot Platform and Bitfarms Surpass Rivals as Bitcoin Miners Face Revenue Challenges Post-Halving
CryptoNewsTerminal Staff09 Aug, 2024
Heatmap: Riot Platform and Bitfarms Surpass Rivals as Bitcoin Miners Face Revenue Challenges Post-Halving
Many Bitcoin mining companies recently revealed their July performance statistics, and The Block dissected the results, indicating that "Riot Platform and Bitfarms excelled, while other miners battle for revenue post-halving." The media source stated that "miners are struggling to adjust to the diminished revenue landscape following the halving," but "Riot Platform and Bitfarms, who are in the process of merging, experienced a 45% and 34% surge, respectively, in their July production compared to the previous month." At the other end of the spectrum, Marathon Digital, the industry leader, saw just a 17% month-over-month increase. With 222 BTC mined in July, Iris Energy fell short of its June (233 BTC) and May (230 BTC) production levels.
