Three well-known Bitcoin mining companies, Core Scientific, Marathon Digital, and Hut 8, located in North America, have released their monthly operational reports for December 2023. The data shows that their Bitcoin production has increased in December 2023, with Marathon Digital achieving a new company record for annual mining output.
Core Scientific:
Core Scientific is one of the largest blockchain computing and Bitcoin mining companies in North America. Since 2017, it has been engaged in self-mining activities for digital assets using its infrastructure in North America, while also providing hosted mining services. According to the report released by Core Scientific on January 5th, their operational status in December 2023 is as follows:
– Self-mining produced 1,177 BTC, higher than November’s 954 BTC; hosted mining produced 449 BTC, higher than November’s 406 BTC.
– Total self-mined BTC for 2023 is 13,762, and hosted mining produced 5,512 BTC.
– They operate a total of 209,000 Bitcoin mining machines, with a total hash rate of approximately 23.2 EH/s.
– They sold 1,211 BTC in December 2023, with realized profits of $51.2 million.
– The company’s rapid turnaround from losses to profits in 2023 is impressive, considering it had undergone a bankruptcy restructuring at the end of 2022.
Marathon Digital:
Marathon Digital Holdings, formerly known as Marathon Patent Group, is a digital asset technology company that mines cryptocurrencies. It is one of the largest Bitcoin mining companies in North America and focuses on mining cryptocurrencies, while also being dedicated to the blockchain ecosystem and digital asset production. It is worth noting that in the just-concluded 2023, Marathon Digital’s stock price rose by over 800%, with trading volume reaching $327 million, surpassing tech giants such as Tesla and Apple. According to the monthly operational report updated by Marathon Digital on January 4th, their operational status in December 2023 is as follows:
– They mined a total of 1,853 BTC in December 2023, higher than November’s 1,187 BTC.
– Total BTC mined for the year 2023 is 12,852, setting a new company record.
– Average hash rate increased by 18% compared to the previous month, reaching 22.4 EH/s.
– As of December 31, 2023, the company holds over 15,000 BTC.
Hut 8:
Hut 8 Mining Corp is a North American digital asset mining company located in energy-rich Alberta, Canada. Hut 8 claims to have one of the highest installation capacities in the industry and mines more self-mined Bitcoin than any other crypto miner or publicly listed company globally. According to the report released by Hut 8 on January 5th, their operational status in December 2023 is as follows:
– They mined 453 BTC in December 2023, higher than November’s 390 BTC.
– They currently hold 9,195 BTC.
– They operate a total of 205,759 mining machines, with a total hash rate of 21.5 EH/s.
– On December 31, 2023, Hut 8 purchased a 63 MW substation for approximately $7.1 million and leased 20 acres of land in Texas to expand their mining capacity.
With the resurgence of Bitcoin in late 2023, the transaction volume and transaction fees on the Bitcoin network have also experienced significant growth, resulting in substantial profits for major mining companies.