The computing power of the three mining companies, MARA, CleanSpark, and Riot, rose by 15.5% in May.

Gate News bot message, in May, the actual computing power of the three major Bitcoin mining companies MARA Holdings, CleanSpark, and Riot Platforms increased by a total of 17.9 EH/s, a growth rate of 15.5%, further raising the mining difficulty of the Bitcoin network.

MARA reported that its monthly actual hashrate broke the record, producing 950 BTC, the highest output since the halving in 2024. This growth was largely driven by its MARA mining pool, which mined 282 bitcoin blocks, pushing the company's actual hashrate to 58.1 EH/s, up 30% from its April estimate of 44.69 EH/s. CEO Fred Thiel attributed the increase to improved operational uptime and the "good fortune" of mining Bitcoin blocks. The MARA mining pool retains all mined bitcoins, bringing its total reserves to over 49,000 bitcoins.

CleanSpark ranked second, producing 694 Bitcoins in May, with a computing power of 42.48 EH/s, an increase of 6.1% compared to April's 40.02 EH/s. The company stated that it expects its computing power to exceed 50 EH/s in June. Unlike MARA, CleanSpark liquidated 293 Bitcoins, accounting for approximately 42.2% of its monthly output.

On the other hand, Riot Platforms' actual Computing Power in May was 32.76 EH/s, an increase of 6.6% compared to April's 30.73 EH/s. The company sold nearly all the Bitcoin produced in May, which aligns with its ongoing financial strategy.

The total actual computing power of these three mining companies increased from 115.44 EH/s in April to 133.34 EH/s in May, with an absolute increase of 17.9 EH/s, representing a growth rate of 15.5%.

Source: The Miner Mag