Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
Bitcoin miners Marathon Digital and Riot Platforms have just signalled their highest monthly Bitcoin production since the Bitcoin halving in April — signaling a strong rebound since miner rewards were halved.
Marathon produced 717 Bitcoin (BTC) — worth $48.8 million — in October, which the company partly attributed to its energized hashrate rising over 14% to surpass 40 exahashes per second, Marathon’s CEO Fred Thiel explained in a Nov. 4 statement.
Higher transaction fees in October also boosted Marathon’s overall Bitcoin output, which accounted for around 5% of the total Bitcoin production, Thiel said.
