
Public bitcoin miners reported lower June output even as network mining difficulty fell by more than 10%, with company-specific hashrate declines and site maintenance weighing on production.
June bitcoin production slowed at publicly traded miners CleanSpark, BitFuFu and Canaan even after Bitcoin network mining difficulty was cut by more than 10% in mid-June to its lowest level this year. CleanSpark mined 614 BTC in June, down from 671 BTC in May, as its average operating hashrate fell to about 43 EH/s from 46 EH/s. BitFuFu's production dropped to 125 BTC from 177 BTC as its total hashrate declined to 15 EH/s from 19.5 EH/s, despite its self-owned hashrate increasing to 3.5 EH/s because hosted hashrate fell. Canaan's output decreased to 64 BTC from 90 BTC after power-grid maintenance at some mining sites affected production. The data highlights how company-level operating issues and equipment utilization can outweigh more favorable network conditions in the post-halving mining environment.