Bitcoin

The Bitcoin mining sector has witnessed a remarkable surge in <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">hashrate</a> among public companies, with <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/">Marathon</a> leading the charge, as indicated by recent data. In a striking year-over-year expansion, Marathon's hashrate skyrocketed from 7 EH/s to a dominant 24.7 EH/s. This growth reflects the company's aggressive scaling of operations, outpacing competitors and more than tripling its computational power dedicated to Bitcoin mining, according to <a href="https://hashrateindex.com/blog/hashrate-index-2023-bitcoin-mining-year-in-review/">Hashrate Index</a>. 
<figure class="wp-block-image">
 <img src="https://lh7-us.googleusercontent.com/sE0MusdrIzO_Aia6AKfW5-jY_fcPgWob0XrArzPMqBaxrlcnw89Ugub3VyLs0MehlKWFwjvemRT9eSDr_cLWYxn4O6ezA2xZBtgm2LMuZiEX3XPdkRvZfbtZyRnyKU_inqfj0WY4tkcXEwGCcUh9S_U" alt="">
</figure> 
This trend among the 12 tracked miners showed that seven of them more than doubled their hashrate over the year, underscoring the industry's robust growth. The hashrate, a measure of the computational power per second used when mining, serves as a key indicator of the health and competitiveness within the sector. Marathon's impressive leap signals both increased investment in infrastructure and a bullish outlook on the future of cryptocurrency mining. 
As the mining landscape becomes increasingly competitive, companies are setting new benchmarks, driving technological advancements, and pushing the boundaries of mining efficiency.&nbsp;

Marathon Leads Surge in Public Bitcoin Miner Hashrate

Ultramining_Eng

Other articles published on Jan 16, 2024

By The Numbers: How Many Altcoins Died In The Past 10 Years, Report Shows

Market Standoff: Is Bitcoin Destined for a Breakout or Breakdown

Significant MATIC Transfer Detected Amid Transparency Concerns

Cobo Founder: What to Watch After the Bitcoin Spot ETF in 2024?

How The Elite Aims To Control Bitcoin Via ETFs: Arthur Hayes

Cryptocurrency: 3 Coins Under $10 That Have Top Potential for Growth

Join our free newsletter for daily crypto updates!