June was not a great month for digging up digital gold. Three publicly traded bitcoin miners, CleanSpark, BitFuFu, and Canaan, all reported lower bitcoin production compared to May, continuing a pattern that’s becoming uncomfortably familiar in the post-halving mining landscape.
CleanSpark mined 614 BTC in June, down from 671 BTC in May. Canaan’s self-mining operation produced just 64 BTC, a steep drop from 90 BTC the prior month. BitFuFu also reported a decline in output.
The numbers behind the slowdown
CleanSpark averaged 20.46 BTC per day across June, with a peak daily output of 22.57 BTC. The company’s operational hashrate hit 50 EH/s by month’s end.
CleanSpark also sold 179 BTC at spot prices during the month. After those sales, the company ended June holding 13,924 BTC.
