“Competition abroad will only continue to intensify, and it strains credulity that US-listed companies… will be long-term low-cost producers and thus market share winners in this extremely commodity industry,” short-seller Kerrisdale Capital noted in June research. After getting acquisition interest, Cipher Mining is looking at a possible sale, according to Bloomberg last month.

Here is a breakdown of the biggest miners’ output in July:

Originally Marathon Digital, MARA is by far the biggest public miner by market capitalization, at about $5 billion. With an average operating hash rate of 5% to 27.5 EH/s, Bitcoin output climbed 17% month over month to 692 BTC. MARA had 20,818 Bitcoins overall as of July 31 and did not sell any in that month. Regarding its BTC treasury policy, the company has lately established a HODL strategy whereby it will hold all BTC mined in operations and will periodically make strategic open market purchases of BTC.

CleanSpark mined 494 Bitcoin , up roughly 10% month over month, and raised their Treasury by 567% over last year. Right now, it has 7,082 BTC. With an average hashrate of 20.07 EH/s throughout July, the average daily Bitcoin mined was 15.94.

Production from Riot Platforms surged 45% from June, mining 370 Bitcoin last month. Riot recently bought a Bitcoin miner with Kentucky roots, Block Mining, for $92.5 million.

With a total hash rate of 20.1 EH/s, Core Scientific won 411 Bitcoin in July—down from 430 in June. Bitcoin miners will be moved from data centers allocated for HPC hosting to Bitcoin mining data centers in order to help the company’s HPC hosting business grow. Furthermore, Block, Inc. (previously Square) and Core Scientific announced a deal to provide Block’s new 3-nanometer mining ASICs to Core Scientific.

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