{"id":26408,"date":"2024-08-11T16:00:19","date_gmt":"2024-08-11T13:00:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26408"},"modified":"2024-08-11T12:30:55","modified_gmt":"2024-08-11T09:30:55","slug":"july-mining-performance-how-top-bitcoin-miners-fared","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/","title":{"rendered":"July Mining Performance: How Top Bitcoin Miners Fared"},"content":{"rendered":"<p>The first full week of August is almost over, and publicly traded Bitcoin miners have completed publishing their monthly <strong>mining<\/strong> reports.\u00a0 Since the most recent Bitcoin halved event in April, miners have been under pressure and are adjusting to reduced income.<\/p>\n<p><em>&#8220;Competition abroad will only continue to intensify, and it strains credulity that US-listed companies&#8230; will be long-term low-cost producers and thus market share winners in this extremely commodity industry,&#8221;<\/em> short-seller Kerrisdale Capital noted in June research. After getting acquisition interest, <strong>Cipher Mining<\/strong> is looking at a possible sale, according to Bloomberg last month.<\/p>\n<h3>Here is a breakdown of the biggest miners&#8217; output in July:<\/h3>\n<p>Originally <strong>Marathon Digital<\/strong>, 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.<\/p>\n<p><strong>CleanSpark mined<\/strong> 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.<\/p>\n<p>Production from <strong>Riot Platforms surged 45%<\/strong> from June, <strong>mining 370 Bitcoin <\/strong>last month. Riot recently bought a Bitcoin miner with Kentucky roots, <strong>Block Mining, for $92.5 million<\/strong>.<\/p>\n<p>With a total hash rate of 20.1 EH\/s, <strong>Core Scientific<\/strong> won 411 Bitcoin in July\u2014down from 430 in June. Bitcoin miners will be moved from data centers allocated for HPC hosting to Bitcoin <strong>mining<\/strong> data centers in order to help the company&#8217;s HPC hosting business grow. Furthermore, Block, Inc. (previously Square) and Core Scientific announced a deal to provide Block&#8217;s new 3-nanometer mining ASICs to Core Scientific.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first full week of August is almost over, and publicly traded Bitcoin miners have completed publishing their monthly mining reports.\u00a0 Since the most recent Bitcoin halved event in April, miners have been under pressure and are adjusting to reduced income. &#8220;Competition abroad will only continue to intensify, and it strains credulity that US-listed companies&#8230;<\/p>\n","protected":false},"author":6,"featured_media":26409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[307,7798,3938,3881],"class_list":["post-26408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-mining","tag-block-mining","tag-crypto-mining","tag-riot-platforms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The first full week of August is almost over, and publicly traded Bitcoin miners have completed publishing their monthly mining reports.\u00a0 Since the most recent Bitcoin halved event in April, miners have been under pressure and are adjusting to reduced income. &#8220;Competition abroad will only continue to intensify, and it strains credulity that US-listed companies&#8230;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-11T13:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-11T09:30:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2100\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/\",\"name\":\"July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg\",\"datePublished\":\"2024-08-11T13:00:19+00:00\",\"dateModified\":\"2024-08-11T09:30:55+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg\",\"width\":2100,\"height\":1200,\"caption\":\"Crypto Bitcoin Mining\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"July Mining Performance: How Top Bitcoin Miners Fared\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/","og_locale":"en_US","og_type":"article","og_title":"July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer","og_description":"The first full week of August is almost over, and publicly traded Bitcoin miners have completed publishing their monthly mining reports.\u00a0 Since the most recent Bitcoin halved event in April, miners have been under pressure and are adjusting to reduced income. &#8220;Competition abroad will only continue to intensify, and it strains credulity that US-listed companies&#8230;","og_url":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/","og_site_name":"Coin Engineer","article_published_time":"2024-08-11T13:00:19+00:00","article_modified_time":"2024-08-11T09:30:55+00:00","og_image":[{"width":2100,"height":1200,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/","url":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/","name":"July Mining Performance: How Top Bitcoin Miners Fared - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg","datePublished":"2024-08-11T13:00:19+00:00","dateModified":"2024-08-11T09:30:55+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Copy_of_Learn_Illustration_What_is_Mining.jpg","width":2100,"height":1200,"caption":"Crypto Bitcoin Mining"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/july-mining-performance-how-top-bitcoin-miners-fared\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"July Mining Performance: How Top Bitcoin Miners Fared"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/26408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=26408"}],"version-history":[{"count":4,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/26408\/revisions"}],"predecessor-version":[{"id":26413,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/26408\/revisions\/26413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/26409"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=26408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=26408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=26408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}