This week witnessed significant milestones and strategic shifts across the Bitcoin mining industry, with major players accelerating expansions and refining operations. Below is a curated summary of key developments from prominent mining companies over the past seven days.
MARA Holdings
MARA Targets 75 EH/s by Year-End After June Production Dip
Marathon Digital reported producing 23.8 BTC daily in June—a 25% monthly decline—while increasing its bitcoin holdings to 49,940 BTC. The company confirmed its ambitious target to reach 75 EH/s by December 2025, leveraging 1.7 GW of captive power capacity and existing machine orders to drive 40% year-over-year growth.
CleanSpark
CleanSpark Surpasses 50 EH/s in Infrastructure-Driven Expansion
CleanSpark exceeded 50 EH/s of operational hashrate this week, continuing its aggressive infrastructure development strategy. This milestone positions CleanSpark among four dominant miners (including MARA, Cango, and IREN) that collectively control over 200 EH/s—more than 20% of Bitcoin’s total network hashrate.
Canaan
Canaan Projects $1.1B FY2025 Revenue on Cipher Mining Deal
Canaan secured a major purchase order for its Avalon A1566 miners from Cipher Mining Technologies, fueling its projected fiscal 2025 revenue surge to $1.1 billion. The company is prioritizing North American market expansion to capitalize on the ongoing mining boom.
Hive Digital Technologies
Hive Hits 8 EH/s and Secures ASICs for 25 EH/s Goal
Hive Digital surpassed 8 EH/s of bitcoin hashrate and finalized ASIC procurement agreements to achieve its 25 EH/s target. The company emphasized optimized fleet efficiency and strategic hardware acquisitions to support scaled operations.
Hyperscale Data (Sentinum)
Sentinum Resumes Mining with 3,200 Antminers in Montana
Hyperscale Data’s subsidiary, Sentinum, reactivated 10 MW of power capacity at its Montana facility, deploying 2,600 S19j Pro Antminers within a week. Full operations scaling to 3,200 miners are expected by late July, aiming to capitalize on Bitcoin’s price rally and underutilized infrastructure.
This week brought significant developments for Bitcoin mining companies, with strategic expansions, financial maneuvers, and operational shifts dominating the industry landscape. Below is a concise update on key players based on verified reports from the past seven days.
For those looking to delve deeper into the world of Bitcoin mining, understanding the real costs involved can be crucial. One resource to consider is an article on Understanding the Real Costs of Bitcoin Mining. This piece covers the various expenses associated with mining, beyond just purchasing hardware.
