Summary of the output of major listed encryption mining companies in April
This article comes fromThe Block, the original author:Catarina Moura
Odaily Translator | Nian Yin Si Tang
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Hive
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- A number of major crypto mining companies released reading reports detailing Bitcoin output and hash rate growth, among other data.
- Here are some highlights for April.
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Hut 8
The company produced 268.8 bitcoins in April, and its hash rate increased by 8%, from 2.0 EH/s at the beginning of the month to 2.15 EH/s at the end of the month.
It also produced 2,537 ETH, and in April, the dedicated hash rate increased from 6.1 TH/s to 6.26 TH/s.
As of May, Hive still maintained its HODL strategy, holding a total of 2,832 BTC and 15,914 ETH.
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CleanSpark
In April of this year, Hut 8 produced 309 bitcoins, 15% of which came from Ethereum mining and were paid in bitcoins.
"Due to increased electricity demand from residents and businesses due to unseasonal weather, we have reduced consumption to ensure a stable supply from the grid," the company said in a statement, adding that it was also limiting consumption of the Drumheller facility.
Hut 8 announced in April that by the end of this month, it would no longer host miners and become a fully self-mining company.
Bitfarms
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In April of this year, CleanSpark produced a total of 313 bitcoins and converted 285 bitcoins to fund its own growth and operations. As of April 30, the company held 448 bitcoins.
CleanSpark has a total hash rate of 2.4 EH/s, supported by 24,000 "latest generation" Bitcoin miners.
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Marathon
After surpassing 3 EH/s in early April, the company ended the month at 3.3 EH/s, up from 2.7 EH at the end of March, thanks to the commissioning of its ninth facility, Leger, in Quebec, Canada. /s increased by 22%.
"We remain on track to complete construction of Leger in May and Phase 2 of The Bunker in June," said Bitfarms CEO Emiliano Grodzki.
Bitfarms produced a total of 405 bitcoins last month. According to the company’s announcement, as of April 30, the company held 5,646 bitcoins worth approximately $217 million.
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Iris Energy
Marathon’s Bitcoin production fell 30% in April from the previous month as “maintenance issues” kept its Montana facility running below normal levels.
Overall, the company said it is still on track to meet its previously announced target of 23.3 EH/s in early 2023.
In April, 4,183 miners were installed at Marathon partner Compute North’s facility in Texas, providing a hashrate of 0.4 EH/s. They were supposed to start functioning on April 17, which would boost the hash rate by 11%, but power supply was delayed until May due to requests from energy suppliers.
During its first-quarter earnings call last Wednesday, Marathon also announced a net loss of $13 million despite a "record" level of bitcoin production.
Northern Data
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Iris Energy produced a total of 137 bitcoins in April, a 13% increase from the previous month.
The company's facility in Mackenzie, Canada, delivered 0.3 EH/s hash rate ahead of schedule, with an initial goal of 1.5 EH/s (equivalent to 50 megawatts).
Gem Mining
In April, the company broke ground on a new facility in Texas.
In April, Northern Data produced 324 BTC (+13% month-on-month) and 4,583 ETH, down 9% due to “scheduled inventory maintenance.”
As of last Thursday, the company owned nearly 1,390 BTC and 39,800 ETH, worth about 153 million euros.
As of the end of April, the company had 44,900 mining machines with a hashrate of 4.07 EH/s. The company plans to reach 100,000 mining machines by the end of the year, equivalent to 9.3 EH/s.
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