September 2023 marked a record-breaking month for Bitcoin mining companies. CleanSpark, Riot Blockchain, and Marathon Digital Holdings achieved significant BTC outputs, driving profits to new heights.
As the crypto community closely followed high-profile legal battles involving figures like SBF and Celsius’ Mashinsky, Bitcoin miners quietly made significant strides in boosting their hash rates, ensuring a promising future supply of the pioneering cryptocurrency.
Notable achievements include CleanSpark, which mined an impressive 643 BTC during September, pushing its total BTC holdings to 2,240. This outstanding performance transformed CleanSpark’s FY23 into its most successful year to date.
Riot Blockchain, while mining a slightly smaller quantity at 362 BTC, achieved substantial earnings thanks to a strategic partnership with ERCOT, Texas’ electric grid, resulting in over $13 million in energy credits, equivalent to more than 500 BTC at current prices.
Marathon Digital Holdings stole the spotlight by producing 1,242 BTC in September, raising its Year-to-Date total to 8610. The company’s primary focus remains growth, with plans to expand its hash rate capacity internationally, leveraging low-cost renewable energy sources.
However, Marathon’s ambitious pursuit of new records did result in a mining mishap, mining an invalid block due to a Bitcoin transaction arrangement error.
Tags: Bitcoin Mining, CleanSpark, Riot Blockchain, Marathon Digital Holdings, Hash Rate, BTC Output
