Major U.S. cryptocurrency mining companies listed on Wall Street reported a decrease in Bitcoin production in February compared to January. Factors such as the shorter month, network difficulties, and a sharp correction in BTC prices contributed to the decline. Cipher Mining, MARA Holdings, Riot Platforms, and Canaan Inc. all experienced a decrease in production, while Bitfarms Ltd. was the only miner to see a modest increase. Despite challenges, some mining companies are exploring diversification strategies, and 2024 proved to be a record year for many miners. MARA reported record financial results with a 70% increase in revenue.
Content Editor ( financemagnates.com )
- 2025-03-05
Bitcoin Price Dropped Below $80K, Along with the Performance of BTC Miners from Wall Street in February 2024
