{"id":483677,"date":"2022-08-12T07:23:24","date_gmt":"2022-08-12T04:23:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-mining-stocks-double-in-a-month-as-production-ramps\/"},"modified":"2022-08-12T07:23:24","modified_gmt":"2022-08-12T04:23:24","slug":"btc-mining-stocks-double-in-a-month-as-production-ramps","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-mining-stocks-double-in-a-month-as-production-ramps\/","title":{"rendered":"# BTC mining stocks double in a month as production ramps"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd20e08fd0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd20e08fd0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-mining-stocks-double-in-a-month-as-production-ramps\/#%E2%80%9D_BTC_mining_stocks_double_in_a_month_as_production_ramps_%E2%80%9C\" >&#8221; BTC mining stocks double in a month as production ramps &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BTC_mining_stocks_double_in_a_month_as_production_ramps_%E2%80%9C\"><\/span>&#8221; BTC mining stocks double in a month as production ramps &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production.<\/p>\n<p>Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8 (98.95%), and Riot Blockchain (96.69%) have seen their stock prices rocketing upwards over the last 30-days, according to data from Yahoo Finance \u2014 significantly outperforming Bitcoin (BTC) (18.0%) and Ether (ETH) (67.8%) asset prices.<\/p>\n<p>In a Q2 results filing on Aug. 11, Core Scientific reported a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investors.corescientific.com\/investors\/news\/news-details\/2022\/Core-Scientific-Announces-Second-Quarter-2022-Results\/default.aspx\">staggering<\/a> 1601% increase in self-mined Bitcoin year-to-date, reaching 6,567 Bitcoin. Q2 revenue rose 118% year-on-year to $164 million, driven by increases in digital mining revenue and hosting revenue. <\/p>\n<p>Hut 8 Mining Corp. also saw its mined Bitcoin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/hut-8-reports-operating-and-financial-results-for-q2-2022-301604176.html\">increase<\/a> in the quarter, up 71% compared to the prior-year period to a total of 946 mined Bitcoin due to \u201can increase in hash rate from additional highly efficient miners\u201d and ramping of activities at its Ontario mining site. Its revenue also increased in Q2, rising 30.7% year-on-year to $43.8 million.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ir.marathondh.com\/news-events\/press-releases\/detail\/1292\/marathon-digital-holdings-reports-second-quarter-2022#:~:text=Second%20Quarter%202022%20Financial%20Results,in%20the%20prior%2Dyear%20period.\">Marathon<\/a> Digital, which shared its Q2 results earlier this week, also said it had increased its Bitcoin production year-on-year, producing 707 Bitcoin in the quarter despite a \u201cchallenging macro environment,&#8221; with an 8% increase in Bitcoin production activity.<\/p>\n<p>All three companies, however, posted widened losses, driven by impairment losses on their crypto holdings.\u00a0<\/p>\n<p>The stock price surge has also coincided with climbing crypto prices since the June and July slump, with key crypto assets including that Bitcoin (BTC) and Ethereum (ETH) gaining 18.0% and 67.8% respectively.<\/p>\n<p>Bitcoin mining profitability has also rebounded from year-lows on June 19, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-mining_profitability.html#3y\">Bitinfocharts.<\/a> <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/d5d80686-b913-4e1e-9261-48fcaacc851f.PNG\"><figcaption style=\"text-align: center;\"><em>BTC Mining Profitability Over Last 3 months. Source: Bitinfocharts.com<\/em><\/figcaption><\/figure>\n<p>Bitcoin mining companies have had to deal with a number of factors\u00a0in recent months that have impacted BTC production and profitability, including lower asset prices and higher energy costs, which have been partially attributed to the heat wave in Texas and the Russia-Ukraine conflict.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-mining-stocks-double-in-a-month-as-production-ramps\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BTC mining stocks double in a month as production ramps &#8220; Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8&#8230;<\/p>\n","protected":false},"author":1,"featured_media":483678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvYmY5NDkzZDMtMTliMy00NWQzLTk3NmMtYzFlMTk4ODRlMmE0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,78423,117],"class_list":["post-483677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-mining-pools","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=483677"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/483678"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=483677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=483677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=483677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}