Crypto news

Northern Data mined almost 300 BTC in a month

In May, German mining company Northern Data generated 295 BTC. This is about 9% less than the previous month, according to a press release.

The company attributed the drop in production to temporary restrictions at one of its client hosting facilities.

Ethereum production in May was 4,560 ETH and remained the same as in April.

Since the beginning of the year, Northern Data has mined 1,553 BTC and 24,012 ETH.

As of May 31, the firm’s cryptocurrency reserves reached about 1,360 BTC and 39,820 ETH with a total estimate of about €102 million. The combined value fell 27 percent compared to the previous period due to lower prices and partial asset sales.

At the end of the month, the fleet of ASIC miners for bitcoin mining increased by 4% to 46,000 units with a total hash rate of 4.23 EH/s.

The company’s management allowed for the possibility of a decrease in the total computing capacity of the first cryptocurrency network due to the shutdown of inefficient equipment by miners amid falling prices for digital assets. The company estimated its production costs to be “well below” the market average.

Northern Data expects to increase its share of daily bitcoin mining in the coming months. By the end of 2022, the company’s fleet should reach more than 100,000 miners with a 9.3 EH/s hash rate.

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One thought on “Northern Data mined almost 300 BTC in a month

  1. Elpaques says:

    hello do you know where i could find Northern Data BTC pubic key ?
    Thanks in advance

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