Several publicly listed bitcoin mining firms in North America have collectively stockpiled over 20,000 BTC, worth over $1.1 billion at current prices.
Based on their latest monthly production data released recently, Riot, Marathon, Bitfarms, Hut8, Greenidge, Argo, and HIVE have mined a total of 6,463 BTC in Q3, which accounted for about 7.5% of the total BTC block rewards up for grab during the period.
On average, the Q3 bitcoin mining production of Riot, Marathon, Bitfarms, Hut8, Argo, and HIVE is about 82% higher than their Q2 numbers, thanks to their equipment expansion and waning competition from Chinese miners after the country’s recent crackdown.
New York-based Greenidge went public in Q3 of this year via a SPAC deal and therefore has only disclosed its production and earnings for the quarter. BIT Digital, the only North American bitcoin mining firm that had operations in China and was affected by China’s crackdown, has yet to update its Q3 numbers.
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