Bitfarms and Marathon Digital Each Mined Over 3K BTC in 2021



Bitfarms (BITF) and Marathon Digital (MARA), two of the biggest publicly-traded bitcoin miners, every introduced on Monday that they’d mined over 3,000 bitcoin in 2021.

  • Canadian-based Bitfarms produced 3,452 bitcoin for the yr, whereas U.S.-based Marathon mined 3,197 bitcoin.
  • Bitfarms’ whole holdings grew to over 3,300 bitcoin as of the tip of the yr, price $151.8 million at present costs, whereas Marathon’s holdings elevated to eight,133 BTC, price roughly $375.8 million.
  • Most miners started holding onto the bitcoin they mined somewhat than promoting them because the yr went on as a result of important improve in bitcoin costs.
  • Bitfarms mined 363 bitcoin in December, in comparison with Marathon’s 484.5 for the month. However Bitfarms’ month-to-month manufacturing all year long was extra constant, whereas Marathon’s bitcoin manufacturing in November dipped to simply 196 as a result of upgrades to its energy era stations minimize computing energy.
  • A number of of Bitfarms and Marathon’s rivals, together with Riot Blockchain (RIOT), Hut 8 Mining (HUT) and Bit Mining (BTCM) have but to launch their 2021 mining totals.

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