Marathon Digital blames weather conditions for mining 21% less Bitcoin in June

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Published Jul 08, 2023 10:09PM ET Updated Jul 10, 2023 12:00AM ET

Marathon Digital blames weather conditions for mining 21% less Bitcoin in June © Reuters.

Bitcoin mining company Marathon Digital has linked the recent slump in Bitcoin (BTC) mined in June to weather conditions in Texas and a drop in transaction fees.

According to a July 5 statement, Marathon Digital experienced a 21% decline in June for the total amount of Bitcoin mined compared with May.

Marathon Digital’s operational highlights and updates. Source: GlobeNewswire

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Marathon Digital blames weather conditions for mining 21% less Bitcoin in June

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