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    Home»Mining»Bitcoin mining production roundup: April
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    Mining

    Bitcoin mining production roundup: April

    adminBy adminMay 8, 2022No Comments5 Mins Read
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    In this new monthly summary, The Block has gathered information on the production, growth efforts, and other activities of the world-listed Bitcoin miners.

    Hive

    The company produced 268.8 Bitcoins in April, increasing the hash rate by 8%. This went from 2.0 EH / s for Bitcoin mining at the beginning of the month to 2.15 EH / s by the end of the month.

    It also generated 2,537 ETH, whose dedicated hash rate increased from 6.1 to 6.26 tera-hash / sec (TH / s) during April.

    Hive is in line with the HODL strategy as of May and owns 2,832 BTC and 15,914 ETH.

    Hive said he was able to “continue strong momentum in expanding hash power” and improve hash rates through “continuous optimization and electrical upgrades”.

    Hut 8

    In April, Hut8 generated 309 BTC. 15% of that came from Ethereum mining, which is paid in Bitcoin.

    In a statement, the company said, “Unseasonable weather has increased demand for electricity from residents and businesses, so we have reduced consumption to ensure a stable supply on the grid.” He added that he also limited his consumption. ..

    As of April 30, the company had a total of 6,769 BTC as part of its strategy.

    Hat 8 in April, by the end of the month No longer host miners It will be a completely self-mining company.

    CleanSpark

    In April, CleanSpark mined 313 BTC and converted a total of 285 BTC to fund its own growth and operations. As of April 30, we have 448 BTC.

    CleanSpark has a total hash rate of 2.4EH / s, supported by a fleet of 24,000 “latest generation” Bitcoin miners.

    The company brought about $ 11.9 million from the sale of Bitcoin in April, most of which was invested in Norcross facilities.

    Bit farm

    By the end of the month, the company had reached 3.3 EH / s as it began operations of its ninth facility in Quebec, Canada, after exceeding 3 EH / s in early April. This is a 22% increase from 2.7 EH / s at the end of March.

    “We are still on track to complete the construction of the legger in May and complete the second phase of construction in the bunker in June,” said Emiliano Grotsuki, CEO of Bitfarm. ..

    In total, Bitfarm mined 405 BTC last month. As of April 30, the company announced that it had 5,646 BTC (equivalent to about $ 217 million).

    The company also debuted an improved miner management system that has been in operation for nine months, improving its ability to manage and track miners.

    marathon

    The marathon also saw a 30% drop in Bitcoin production in April compared to the previous month due to “maintenance issues” that caused Montana’s facilities to fall below normal levels.

    Overall, the company said it is still on track to reach the previously announced goal of reaching 23.3 Exa Hash (Hh / s) per second in early 2023.

    In April, 4,183 miners (equivalent to 0.4 EH / s) were installed at a facility in Texas operated by marathon partner Compute North. The hash rate increased by 11% as it was supposed to be powered from April 17th, but was postponed until May at the request of the energy provider.

    Marathon will be announced on Wednesday’s first quarter financial results Announced $ 13 Million Net LossDespite reaching the “record” level of Bitcoin production.

    Iris Energy

    Iris Energy mined a total of 137 BTC in April, up 13% from the previous month.

    The Australian-based company has increased its average operational hash rate to 1.038 EH / s. Monthly operating revenue was also up 6% to $ 5.4 million.

    The facility in Mackenzie, Canada, is outsourcing 0.3 EH / s earlier than planned with the goal of reaching 1.5 EH / s (equivalent to 50 MW) in the early stages.

    The company also started construction of a new facility in Texas in April.

    Northern data

    In April, Northern Data mined 324 BTC (up 13% month-on-month) and 4,583 ETH. This is a 9% reduction justified by “planned inventory maintenance”.

    As of Thursday, the company owned approximately 1,390 ETH and 39,800 ETH, worth approximately € 153 million.

    By the end of April, the company had 44,900 miners and a hash rate of 4.07 EH / s. By the end of the year, a total of 100,000 miners will be reached, which is equivalent to 9.3 EH / s.

    Gem mining

    GEM mining generated 244.8 BTC in April, down 3.2% from the previous month.

    However, the company increased its hash rate from 1.85 EH / s in March to 1.88 EH / s in April.By the end of the month, in total 19,175 miners.

    The company also reported revenue of $ 10.15 million in April, down 4.3% from March.

    GEM Mining CEO John Warren said April’s performance was the second best in the company’s history.

    “By the end of 2022, we will further develop this success by bringing an additional 13,000 fully funded and hosted machines online,” he said.

    © 2022 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not intended to be provided or used as legal, tax, investment, financial, or other advice.

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