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Bitcoin miners Marathon Digital and Riot Platforms have just announced that their monthly bitcoin production has hit its highest level since April's bitcoin halving, marking a strong rebound since the halving of miner rewards. Of which: Marathon produced 717 bitcoins, worth $48.80 million; Riot mined 505 bitcoins worth $34.40 million in October, up 22.6% from the previous month.
Bitcoin miner Marathon Digital Holdings has announced plans to sell convertible senior notes totaling $250 million through private placement to individuals reasonably believed to be qualified institutional buyers, subject to market conditions and other factors.
The data shows that the hash rate of bitcoin miners Marathon Digital and Riot Platforms has doubled since June 2023. On July 3, Marathon reported an average running hash rate of 26.3 EH/s in June, a 102% year-over-year increase from 13.0 EH/s. The change also marks a 2% increase from 25.8 EH/s per month. The company is targeting to reach 50 EH/s by the end of the year. Marathon attributed the increase in its hash rate to operational improvements at its Ellendale plant and the fact that the plant...
