#Bitcoin mining cos June 2024 production per reported monthly totals:

High volume producers:
🥇 $MARA 590
🥈 $CLSK 445⬆️1 
🥉 $CORZ 429.9⬇️1

Mid-volume producers:
$RIOT 255⬆️1 (+$5.7M in power credits) (~95 BTC equivalent)
$IREN 233⬇️1 (+$0.7M in power sales, credits) (~10 BTC equivalent)
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$BITF 189⬆️3 
$BTDR 179⬆️1 
$WULF 177⬇️2
$CIFR 176⬇️1 

Low Volume producers: 
$HIVE (119) - May total - not yet reported June
$HUT 107
$BTBT 61.7
$SDIG 61
$ARBK 44
$LMFA (14) - May total - not yet reported June
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Keep in mind - #BTC production is derived from the operational EH/s a company has deployed and their efficiency.  The more EH/s deployed, and the more efficient their operation, the higher the total BTC mined. Simple right?  It used to be. EH/s and Efficiency metrics were often the best to use when evaluating miners. Combined with forward growth, it allowed simple measures of evaluation for the market.

Now, with HPC/AI playing such a prominent role, MWs and energy capacity matter VERY much.  As do energy credits. It's always dangerous to use one metric - now more than ever. Going forward, I will be trying to take a more holistic view of these companies and the proper way to assess their monthly production.
#Bitcoin #MARA #CLSK #CORZ #RIOT #IREN