Three well-known Bitcoin mining companies in North America, Core Scientific, Marathon Digital, and Hut 8, have released their monthly operational reports for December 2023. The data shows that the Bitcoin production of all three companies increased in December 2023, with Marathon Digital achieving a new company record for annual mining volume.
With the resurgence of Bitcoin at the end of 2023, the number of transactions and transaction fees on the Bitcoin network also experienced significant growth, leading to substantial profits for major mining companies.
Recently, Core Scientific, Marathon Digital, and Hut 8, located in North America, have released their monthly operational reports for December 2023. The following are the main highlights from these reports.
Core Scientific:
Core Scientific is the largest blockchain computing and Bitcoin mining company in North America. Since 2017, it has been conducting self-mining activities using its infrastructure in North America, while also providing hosting mining services.
According to Core Scientific’s report released on January 5th, the operational status for December 2023 is as follows:
– Self-mining produced 1,177 BTC in December, higher than the 954 BTC in November.
– Hosting mining produced 449 BTC in December, higher than the 406 BTC in November.
– The total self-mined BTC for 2023 was 13,762, and the hosting mining BTC was 5,512.
– As of the end of December 2023, the company operated 209,000 Bitcoin mining machines, with a total hash rate of approximately 23.2 EH/s.
– In December 2023, 1,211 BTC were sold, resulting in a realized profit of $51.2 million.
It is worth noting that this mining company experienced bankruptcy and reorganization at the end of 2022, making its rapid turnaround to profitability in 2023 quite remarkable.
Marathon Digital:
Marathon Digital Holdings, formerly known as Marathon Patent Group, is a digital asset technology company that mines cryptocurrencies. It is one of the largest Bitcoin mining companies in North America and focuses on mining cryptocurrencies and the production of digital assets within the blockchain ecosystem.
In the past year, Marathon Digital’s stock price rose by over 800%, with trading volume exceeding $327 million, surpassing tech giants like Tesla and Apple.
According to Marathon Digital’s monthly operational report, updated on January 4th, the operational status for December 2023 is as follows:
– A total of 1,853 BTC were mined in December 2023, higher than the 1,187 BTC in November.
– The total BTC mined for the entire year of 2023 was 12,852, a new company record.
– The average hash rate increased by 18% month-on-month, reaching 22.4 EH/s.
– As of December 31st, 2023, the company held over 15,000 BTC.
Hut 8:
Hut 8 Mining Corp is a North American digital asset mining company located in energy-rich Alberta, Canada. Hut 8 claims to have one of the highest installation capacities in the industry and mines more self-mined Bitcoin than any other crypto miner or public company in the world.
According to Hut 8’s report released on January 5th, the operational status for December 2023 is as follows:
– 453 BTC were mined in December 2023, higher than the 390 BTC in November.
– The current holding of Bitcoin is 9,195 BTC.
– The total number of operational mining machines is 205,759, with a total hash rate of 21.5 EH/s.
– On December 31st, 2023, Hut 8 purchased a 63 MW substation for approximately $7.1 million and leased 20 acres of land in Texas to expand its mining capacity.
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