Crypto Miners Marathon, Riot Hit Highest Monthly Post-Halving Bitcoin Production
Marathon Digital (Nasdaq: MARA) and Riot Platforms (Nasdaq: RIOT) have both reached record Bitcoin production since Bitcoin‘s halving in April, which reduced miner rewards by half, from 6.25 BTC to 3.125 BTC per block.
In October, Marathon Digital revealed it produced 717 Bitcoin, worth $47.7 million, according to a statement. The crypto mining giant attributed the achievement partly to its improved energized hash rate.
“October was our best month of bitcoin production since April’s halving event as uptime remained strong and we grew our energized hash rate to 40.2 EH/s, a 14% increase over September,” said Fred Thiel, MARA’s chairman and CEO.
“Despite a slight month-over-month decrease in block wins, driven by the growth in…
