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Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY

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Bit Digital and Iris Vitality reported June Bitcoin (BTC) mining outcomes on July 5, posting one-year hash charge will increase alongside decreased BTC output since April.

Bit Digital reported a hash charge of two.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in Could and 1.78 EH/s in June 2023.

The agency produced 61.7 BTC in June, down 2.5% from Could. In earlier stories, the corporate mentioned it produced 63.3 BTC in Could 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 Could however down from 358 BTC in April. It reported $15,490 in June mining income, up from $15,079 in Could.

The agency reported a mean working hash charge of 9,316 petahashes per second (PH/s) in June, down from 9,414 PH/s in Could. 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 tools commissioning-related actions.

Nevertheless, its hash charge 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 Could and 99 BTC in April. The agency’s mining income for the month stood at $2.9 million.

The newest outcomes comply with stories from different mining corporations, lots of which have described hash charge will increase over varied intervals. Marathon Digital and Riot Platforms, among the many largest mining corporations by inventory market cap, doubled their hash charge 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.

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