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Bitcoin mining production fell in June for CleanSpark, BitFuFu and Canaan

The firms reported lower June bitcoin output even as mining difficulty declined by more than 10%.

Reported · Written up by our desk · Market Structure

Bitcoin mining production fell in June for CleanSpark, BitFuFu and Canaan, according to data covered by The Block.

The outlet said each company reported lower bitcoin output for the month, despite a drop in bitcoin mining difficulty.

Specifically, The Block noted that mining difficulty fell by more than 10%, creating a backdrop of easing conditions for miners.

Even with that tailwind, CleanSpark, BitFuFu and Canaan all showed declines in production for June in their latest updates.

Latest closeBitcoin $64,752.03 ▲4.0%

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Sources

The BlockBitcoin mining production slips in June for CleanSpark, BitFuFu and Canaan

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