As more publicly traded companies adopt the MSTR Bitcoin treasury strategy, one may need to ask: is this truly sustainable, or just another bubble waiting to burst?
In 2024 Bitcoin miners saw revenue growth, but not all gains were equal. $BTBT soared +183.96% YoY (HPC/AI contributions), while $CLSK grew +150.47% YoY (hash rate expansion). $MARA (-24.11%) & $RIOT (-14.78%) posted negative gross margins. Who's winning? 馃憞
The total reported hash rate of public miners reached 318.09 EH/s at the end of 2024, accounting for over 35% of Bitcoin's total hash rate - a significant jump from 21% in 2023. IREN, CLSK, RIOT, and MARA achieved more than 100% YoY hash rate growth.
Discover Bitcoin production updates for public miners in June 2024, getting insights on growth rates for industry leaders like Marathon Digital Holdings (MARA), and the impact of the halving on production.
View updates on public miners' hash rates for June 2024, exploring operational efficiency and changes over time.
