**CoinWorld Report:**
**Marathon Digital** (Nasdaq: MARA) and **Riot Platforms** (Nasdaq: RIOT) Achieve Record-Breaking Bitcoin Production
Bitcoin underwent a halving in April, reducing miners’ rewards from 6.25 BTC per block to 3.125 BTC. In October, Marathon Digital announced that it produced 717 bitcoins, valued at $47.7 million.
**Statement**
The cryptocurrency mining giant attributed part of this achievement to an increase in its energy hash rate. Fred Thiel, Chairman and CEO of MARA, stated, “October was our best month for bitcoin production since the April halving event, as uptime remained strong, and we increased our hash rate to 40.2 EH/s, a 14% increase over September.”
“Although the number of block wins slightly decreased month-over-month due to rising global hash rates and the resulting increase in difficulty levels, BTC production still rose by 2%, reaching 717 BTC.”
Higher transaction fees in October also contributed to the company’s overall output, accounting for 5% of total bitcoin production. Marathon Digital’s mining pools, MARAPool and its private transaction pool, Slipstream, generated $400,000 in bitcoin through two high-fee transactions.
Meanwhile, Riot produced 505 bitcoins in October, valued at $34.4 million, marking a 22.6% increase from the previous month. The company attributed this success to an increase in its hash rate.
Riot CEO Jason Les explained, “In October, due to the latest generation of MicroBT miners deployed at our Corsicana facility, our deployed hash rate increased to 29.4 EH/s. We are pleased with the ongoing operational momentum and look forward to continued progress.”
Nevertheless, the share prices of Marathon and Riot have fallen by about 4% over the past 24 hours, and they have dropped by 20% and 17% respectively over the past five days.
