Being the biggest miner does not necessarily mean the best. Each miner’s share prices have dropped considerably from the November 2021 highs, with MARA down 90%, RIOT losing 88% and CORZ selling off 83%.

The Las Vegas-based firm [Marathon] continues to experience delays in energization at Compute North’s facilities in Texas.

Based on construction schedules, Compute North has informed Marathon that miners are expected to be installed at this facility as follows:

• June 2022: 19,000 miners (includes the 9,000 miners already installed)
• July 2022: 21,000 miners
• August 2022: 28,000 miners

Riot received an additional 1,701 new S19j Pros, deployed approximately 1,086 S19j Pros in its immersion-cooled building with an additional 7,855 miners staged for deployment. The company expects to have a total of 51,313 miners deployed with a hashrate capacity of approximately 5.4 EH/s.

Core Scientific currently operates over 170,000 owned and colocated ASICs servers in the Company’s five data centers, and produced 1,138 self mined Bitcoin, more than any public company in North America last month.

During the month, the Austin- based firm powered-down a portion of its data center operations in Texas on 13 occasions for a total of 1,218 megawatt hours.

As at the end of May the company held 8,058 bitcoins produced from operations, having sold 2,698 Bitcoin, in month.

All three have impressive growth strategies to meet in the next six-nine months. Given changes in the macro-environment, the next few months could push any of these miners to make sizable moves to capitalize on their size. Be on the watchout for buyouts of smaller miners, new facility launches or further capital raises.