Continued Decline In BTC Production Reported Post Halving

The post Continued Decline In BTC Production Reported Post Halving appeared first on Coinpedia Fintech News

Stronghold Digital Mining reported a 47.1% decline in its monthly Bitcoin mining output in May. The firm mined 82 BTC during the first full month following the halving, compared to 155 BTC in April. The revenue for the month recorded a 46% drop from the previous month. Further, Cipher Mining reported mining 166 BTC in May, while it mined 296 BTC in April, a 43.9% drop. Marathon Digital performed a bit well as it produced 616 BTC in May, down 27.5% from 850 BTC in April.