Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022
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Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division.
According to Northern Data AG, in the fiscal year 2022, it
On Jan 6, Cointelegraph reported that one of the largest Bitcoin mining operations in North America, Marathon Digital Holdings, has been experimenting with overclocking to increase its competitive advantage in the BTC mining industry.
According to an update issued by Marathon Digital Holdings, it produced 475 BTC in December 2022, bringing its total mined Bitcoin in the fiscal year of 2022 to 4,144 BTC, a 30% increase from the 3,197 BTC produced in 2021.
Recently, some Bitcoin mining companies have faced challenges due to the increasing difficulty of mining and the price of electricity. This has caused a decline in mining profitability and led some miners to shut down their operations. While, others have reported significant revenue growth and increase in mining power, thanks to better mining hardware and mining software optimization.
