Bitcoin miner Stronghold Digital Mining reported a 47.1% drop in its monthly Bitcoin mining output in May. The company mined 82 BTC in the first full month after the halving, compared to 155 BTC in April. Meanwhile, revenue for the month was $5.20 million, down 46% from the previous month. Stronghold explicitly attributed the drop to the halving. The company said: The main reason for the decline was the first full month after the halving.
The company also reported that the average hash price in May was $0.052 per TH/s, down from $0.095 in April. The company attributed the change to a halving and a decrease in block rewards, a 0.8% drop in the bitcoin price, and a decrease in transaction fees from 25.3% in April to 7.4% in May.
Bitcoin miner Stronghold produced 82 BTC in May
2024-06-08 01:56:13
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