The top 11 Bitcoin mining companies by market capitalization set new monthly production records in October, marking the highest output since the April halving event.
Monthly Production Growth for Leading Miners
According to data from Farside, all major publicly listed Bitcoin miners, except Terawulf, recorded month-over-month production growth. Overall, these companies boosted production by 13%, reaching a combined output of 3,630 BTC in October.
Marathon Digital Leads the Production Surge
Marathon Digital Holdings (MARA) led with an impressive 717 BTC, followed by CleanSpark (CLSK) with 655 BTC, and Riot Platforms (RIOT) with 505 BTC. In contrast, Terawulf (WULF) saw a slight decline, producing 150 BTC, down from 176 BTC in September.
Increased Mining Difficulty Presents a Challenge
Despite the production surge, miners faced increased difficulty, which rose twice in October by an average of over 3%, as reported by Hashrate Index.
Mining Difficulty Rises in November
This upward trend in difficulty has persisted into November, with a more than 6% increase recorded so far. The next adjustment, scheduled for November 18, is expected to bring an additional 2% rise.
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