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cover of episode Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis!

Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis!

2025/6/3
logo of podcast Power Mining Analysis

Power Mining Analysis

Shownotes Transcript

Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics.• Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales• Riot purchased additional land adjacent to Corsicana facility for future HPC development• Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found• Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion• CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target• CleanSpark shows best enterprise value per exahash at $34 million• Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero• Bitcoin mining difficulty increased 4.4%, creating headwinds for June production• All three miners demonstrating different strategies for long-term sustainability• Power cost remains the most critical factor for mining profitabilitySign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter