Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis! episode artwork

EPISODE · Jun 3, 2025 · 37 MIN

Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis!

from Power Analysis · host Anthony Power & Bryce McNallie

Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics.• Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales• Riot purchased additional land adjacent to Corsicana facility for future HPC development• Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found• Marathon maintains strict hodling strategy with 49,179 Bitcoin valued at $5.14 billion• CleanSpark produced 694 Bitcoin (10% increase) and announced new 60 EH/s target• CleanSpark shows best enterprise value per exahash at $34 million• Marathon's hodl equals their entire market cap, suggesting mining operations valued at zero• Bitcoin mining difficulty increased 4.4%, creating headwinds for June production• All three miners demonstrating different strategies for long-term sustainability• Power cost remains the most critical factor for mining profitabilitySign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletterAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

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Riot, Marathon, and CleanSpark release May production results on the same day, providing a unique opportunity to compare the performance of these Bitcoin mining giants across key metrics. • Riot mined 514 Bitcoin (11% increase from April) and earned $2.2 million from power sales • Riot purchased additional land adjacent to Corsicana facility for future HPC development • Marathon had a strong month with 950 Bitcoin mined and record 282 blocks found • Marathon maintains strict hodling strategy...

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Hash Wars: Riot, Marathon & CleanSpark's May Production Analysis!

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