Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions

Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin’s (

This is not the first time that weather this time of year in Texas has had a major impact on crypto miners.

In July 2022, Peter Wall, CEO of crypto mining company Argo Blockchain, which operates a data center in West Texas, told Cointelegraph that the company curtails mining operations when ERCOT sends out a conservation alert.

In more recent news, a report released on July 5 by cryptocurrency analytics platform Coin Metrics revealed that Bitcoin miners made a $184 million from transaction fees in the second quarter of 2023, which is more than they made throughout the entire year of 2022.

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