In November 2024, major Wall Street Bitcoin miners reported varied production results due to a 7% increase in network difficulty, which impacted mining efficiency and output. CleanSpark and Riot Platforms maintained their positions as industry leaders, producing 622 BTC and 495 BTC respectively. Bitfarms and Cipher Mining reported similar outputs, while TeraWulf rounded out the group. However, Argo Blockchain's Bitcoin production declined compared to the previous month. Despite the decline in production, miners earned more as revenues increased by 24%. The combined market capitalization of the 14 largest Bitcoin miners on Wall Street also rose by 52% to $36.2 billion. Riot Platforms demonstrated growth in its deployed hash rate and expansion across multiple locations. Bitfarms made progress in its North American expansion, and Cipher Mining continued its development at the Black Pearl data center. Miners focused on fleet efficiency improvements, with TeraWulf leading in efficiency ratio. Bitcoin holdings and power cost optimization strategies varied among operators. Miners are exploring diversification opportunities, particularly in HPC/AI and BTC mining. Leadership changes and strategic initiatives were announced by several companies.



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