Bitcoin miners Marathon Digital and Riot Platforms have achieved their highest monthly Bitcoin production since the April halving event, despite the ongoing challenges in the industry. Marathon Digital announced in November that it increased its Bitcoin production by 2% to 717 BTC in October, its strongest monthly production since the halving event.
The firm achieved this milestone despite a minor decline in block wins due to increased network difficulty. Marathon’s Bitcoin production has been boosted by higher transaction fees in October, which accounted for around 5% of the total BTC mined. Marathon’s active hashrate climbed to 40.2 exahashes per second (EH/s), a 14% increase from September.
Riot Platforms reported producing 505 BTC in October, marking a 23% increase from September’s 412 BTC and setting a new post-halving record. The company’s daily production also rose from 13.7 BTC in September to 16.8 BTC in October. Riot CEO Jason Les attributed the production increase to gains in hashrate deployment and operational efficiency.
Riot’s Bitcoin holdings rose to 10,928 BTC, up from 10,427 BTC in September.
