CleanSpark mined 445 Bitcoin in June, surpasses hashrate target

July 3, 2024 Coin Telegraph

Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving

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Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

April 17, 2024 Bitcoin.com

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

June 27, 2023 Coin Telegraph

Acquisition

The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.

The rigs, which were sourced from mining manufacturer MicroBT, will boost the firm’s self-mining capacity by 7.6 exahashes per second (EH/s) and comes “in advance” of Bitcoin’s next halving cycle, which is set to take place in mid-2024.

Riot Purchases 7.6 EH/s of Next Generation Miners from MicroBT, Manufactured in the United States.

Read more in today’s press release: https://t.co/esLToy798H
— Riot Platforms, Inc. (@RiotPlatforms) June 26, 2023

Riot Platforms CEO Jason Les stated on June 26 that the deal will increase the firm’s self-mining capacity to 20.1 EH/s once the machines are installed in the first quarter of 2024:

“These new miners will contribute an additional 7.6 EH/s to Riot’s self-mining capacity when fully deployed and will further enhance our already strong fleet efficiency in advance of the upcoming Bitcoin halving.”

Les added the rigs we built specifically for “immersion cooling systems,” such as those used at the firm’s Corsicana facility.

Of the 33,280 machines, 8,320 are M56S+ models with a hash rate of 220 terahashes per second (TH/s), while the remaining 24,960 M56S++ are slightly more powerful at 230 TH/s.

However, the machines won’t arrive until December and full deployment of the miners won’t be completed until mid-2024.

Riot said it may also purchase 66,560 M56S++ models before December 31, 2024, adding 15.3 EH/s to the firm’s self-mining capacity. The company may choose to exercise this option in whole or in part.

Join our team as they take you through Riot's production and operations updates for the month of May. Riot produced 676 #Bitcoin and had a deployed hash rate of 10.5 exahash per second.

Hear from Riot’s VP of Research, @BitcoinPierre, as he touches on Riot's active community… pic.twitter.com/lD3YJVkMct
— Riot Platforms, Inc. (@RiotPlatforms) June 16, 2023

Despite the news, Riot’s share price fell 7.2% to $10.77 on June 26, according to Google Finance.

Meanwhile, on June 21, Bitcoin miner Akron Energy announced that it bought a 200-megawatt (MW) mining facility in Hannibal, Ohio, for an undisclosed amount.

It’s the Sydney-based firm’s first expansion into the United States following a $26 million raise on June 20.

The firm plans to immediately complete the first design stage of the Hannibal facility, which it hopes will provide 100 MW of power.

The hosting services will be provided to the firm’s institutional-scale clients in the Bitcoin industry.

Magazine: Bitcoin 2023 in Miami comes to grips with ‘shitcoins on Bitcoin’

Bitcoin ASIC miner prices hovering at lows not seen in years

December 27, 2022 Coin Telegraph

ASIC miners

ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market.

According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen their prices fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25.

Miners in these category include Bitmain’s Antminer S19 and MicroBTC’s Whatsminer M30s.

The same statement holds true for the mid-tier machines, with prices now averaged out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021.

However, the least efficient machines, ones that require more than 68 Joules per TH, are now priced at $4.72, a 91% drop from its peak price of $52.85. The last time it was priced near this was around Nov. 5, 2020.

*Bitcoin ASIC Miner Price Index for machines with varying levels of efficiency. Source: Hashrate Index.*

The fall in prices has largely been attributed to large Bitcoin mining companies that have struggled to remain profitable throughout the bear market, with many either filing for Chapter 11 bankruptcy, taking on debt, or selling their BTC holdings and equipment in order to stay afloat.

Among the firms to have done that include Core Scientific, Marathon Digital, Riot Blockchain, Bitfarms and Argo Blockchain.

But the steep price fall has been met with some keen buyers. Among those include many Russian-based mining facilities like BitRiver who are able to capitalize on relatively low electricity costs, with some up-to-date hardware capable of mining one Bitcoin (BTC) at about $0.07 per kilowatt-hour in the energy-rich nation.

While it’s hard to predict what price direction ASIC miners will head toward next, Nico Smid of Digital Mining Solutions pointed out in a Dec. 21 tweet that ASIC miner prices bottomed at Bitcoin’s last halving cycle in May. 11, 2020 and moved up aggressively shortly after — something which could play out in Bitcoin’s next halving cycle which is expected to take place on Apr. 20, 2024.