After months of rapid expansion, Bitcoin’s hashrate growth slowed down in January, according to the latest report from TheMinerMag.
The network’s difficulty saw its first decline since September, indicating that even though publicly listed companies have kept increasing their hash power, their growth isn’t enough to compensate for the capitulation of other, probably smaller operators.
The total revenue made from bitcoin (BTC) mining remained stable at $1.4 billion for the month. Publicly traded mining companies, which collectively hold 99,000 bitcoin (worth roughly $9.7 billion), accounted for about 30% of the hashrate market share in January.
Competition between the biggest publicly traded companies has also increased.
The leading mining firm, Marathon Digital (MARA), retained its top spot with a realized hashrate of 41.65 EH/s, followed by CleanSpark at 34.77 EH/s. Riot Platforms, which has been expanding aggressively, is closing…
