Bitcoin Miners Riot Platforms and CleanSpark increased production in August, according to activity reports released Wednesday.
Riot Platforms mined 477 BTC in August, up from 322 BTC a year ago, a 48% increase. The company sold 450 BTC, netting $51.8 million, and now holds 19,309 BTC, up 92.7% over the past 12 months.
Meanwhile, CleanSpark mined 657 BTC in August, compared to 478 BTC in the same period in 2024, up 37.5% year-over-year. Last month, the company sold 533.5 BTC, earning $60.7 million. CleanSpark, which announced plans to sell BTC in April to become financially independent, now holds 12,827 BTC, up 69.7% over the past year.
Notably, the surge in output came despite a 44.9% increase in Bitcoin mining difficulty over 12 months, from 89.5 trillion to 129.7 trillion. Riot's Medium hashrate increased by 116.6% to 31.4 EH/s, while CleanSpark increased by 103.3% to 43.3 EH/s.
Several other Miners like Hut 8, Hive Digital, and Iren are diversifying into data centers and AI to expand their revenue streams.
