Public Bitcoin Miners Are Increasing Hash Rates, BTC Holdings Today

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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Although our focus has largely been on the current macro picture, bitcoin miners continue to operate like normal, producing blocks every 10 minutes. Over February 2022, the top public miners increased their hash rate and bitcoin holdings but produced less bitcoin compared to January.

Almost all of the miners with available public data increased their hash rate last month with aggregate hash rate reaching 28.41 EH/s. If we include previous reporting numbers for Bit Digital, hash rate reached 31.01 EH/s across the below group of 11 public bitcoin miners. We’ve added CleanSpark, Northern Data and Iris Energy since our last miner update, The Daily Dive #145 – Public Miners January Update.