IREN advances toward 50 EH/s target as August BTC production climbs

IREN advances toward 50 EH/s target as August BTC production climbs
фото показано с : cryptoslate.com

2024-9-6 00:15

Quick Take

In August, several publicly traded Bitcoin miners provided updates on their production and operations.

RIOT reported producing 322 BTC, a 13% decrease compared to July. However, the company increased its Bitcoin holdings by 3%, bringing the total to 10,019 BTC. RIOT’s deployed hash rate stood at 23.5 EH/s, while its operational hash rate was 14.5 EH/s. The lower operational hash rate was influenced by power and demand response credits amounting to $6.4 million. Their total power cost was 2.6 cents per kWh.

Riot August Update: (Source: RIOT)

Meanwhile, IREN mined 245 BTC in August, marking a 10% increase month-over-month. The company installed 16 EH/s and remains on track to achieve 30 EH/s by Q4, with plans to reach 50 EH/s by 2025. IREN also reported a significant reduction in electricity costs per Bitcoin mined, from $61,677 in July to $29,958 in August, thanks to a transition to spot pricing. Their AI cloud services continued to grow, with more revenue and customers. IREN remains financially strong, with $405 million in cash and no debt.

IREN Hash Rate: (Source: IREN)

While Core Scientific experienced a 14% drop in production, mining 358 BTC in August, the company reported a total energized hash rate of 25.4 EH/s.

The post IREN advances toward 50 EH/s target as August BTC production climbs appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97640.98 (+0.24%)
Объем 24H $91.1b
Изменеия 24h: 4.47 %, 7d: 7.13 %
Cегодня L: $94006.77 - H: $97681.32
Капитализация $1931.862b Rank 1
Цена в час новости $ 56350.31 (73.27%)

btc production bitcoin august july compared producing

Источник: cryptoslate.com

btc production → Результатов: 106


Фото:

Bitcoin Demand: Investors Buying BTC At 5.5x The Rate Of Miner Production

On-chain data shows that Bitcoin investors have recently been scooping up supply equal to 5.5 times what the miners have produced. Bitcoin Investor Cohorts Have Been Busy Accumulating Recently In a post on X, analyst James Van Straten discussed the accumulation that Bitcoin investor cohorts have been participating in and how it compares with the […]

2024-6-8 07:00


Bitdeer grows Bitcoin production by 195% YoY with a 35% September increase in BTC mined

Singapore-based Bitdeer Technologies Group revealed a notable surge in mined Bitcoins in September 2023. 482 Bitcoins were mined, nearly tripling the numbers from the same time last year. Additionally, the Gedu mining data center alone produced 217 Bitcoins, accounting for approximately 45% of the total mined Bitcoins in September.

2023-10-6 10:37


Riot spends just $8.3k to mine 1 BTC as it looks to triple production by 2025

Riot, a key player in the Bitcoin mining sector, reported overall revenue of $76. 7 million in its financial results for the quarter ending June 30, 2023. This result underscores Bitcoin miner resilience in an unpredictable market, with a significant part of its achievement attributed to a 27% increase in Bitcoin production, as opposed to the […] The post Riot spends just $8.

2023-8-10 11:36


Фото:

BREAKING: No Bitcoin Sale From Tesla, Electric Car Giant Holds On As BTC Bounces Back To $30,000

Tesla has released its Q2 2023 earnings report, which has been highly anticipated by investors, and it shows no signs of Bitcoin movement for the electric car giant in the previous quarter. The report shows that the company has had a record-breaking quarter, with the best-ever production and deliveries and revenue approaching $25 billion in a single quarter, despite the current macroeconomic environment.

2023-7-20 00:25


дальше еще 57 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Trump taps crypto advocate Howard Lutnick as commerce secretary

President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov. 19. The decision positions Lutnick, a vocal proponent of protectionist trade measures and cryptocurrencies, at the helm of US economic policy, focused on tariffs and trade reform.