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Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis!
Manage episode 486703602 series 3570269
Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics.
• Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales
• Riot purchased additional land adjacent to Corsicana facility for future HPC development
• Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found
• Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion
• CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target
• CleanSpark shows best enterprise value per exahash at $34 million
• Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero
• Bitcoin mining difficulty increased 4.4%, creating headwinds for June production
• All three miners demonstrating different strategies for long-term sustainability
• Power cost remains the most critical factor for mining profitability
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to May Production Results (00:00:00)
2. Riot's Performance and Land Expansion (00:07:51)
3. Marathon's Record-Breaking Month (00:12:29)
4. CleanSpark's Growth and Strategy (00:21:22)
5. Comparing the Mining Giants (00:28:11)
6. Industry Challenges and Outlook (00:35:03)
316 episodes
Manage episode 486703602 series 3570269
Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics.
• Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales
• Riot purchased additional land adjacent to Corsicana facility for future HPC development
• Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found
• Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion
• CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target
• CleanSpark shows best enterprise value per exahash at $34 million
• Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero
• Bitcoin mining difficulty increased 4.4%, creating headwinds for June production
• All three miners demonstrating different strategies for long-term sustainability
• Power cost remains the most critical factor for mining profitability
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to May Production Results (00:00:00)
2. Riot's Performance and Land Expansion (00:07:51)
3. Marathon's Record-Breaking Month (00:12:29)
4. CleanSpark's Growth and Strategy (00:21:22)
5. Comparing the Mining Giants (00:28:11)
6. Industry Challenges and Outlook (00:35:03)
316 episodes
All episodes
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