Core Scientific has provided an update on its production and operations for June 2023. The company operated over 200,000 bitcoin miners for both colocation and self-mining, with a potential hash rate of 22.1 EH/s at its data centers in several US states. In June, the company's self-mining operations produced over 1,000 bitcoin, while customer-owned miners produced around 500 bitcoin.

July 4 (Cointime) - As Bitcoin miners struggle to maintain their profit margins, they continue to face a range of challenges. For example, last summer a Texas heat wave led to a drop in production and a number of crypto industry meltdowns, prompting many public crypto-mining companies to sell large amounts of their coin reserves.

June 28 (Cointime) - Bitcoin miners have sent a record $128 million to centralized crypto exchanges, which is equivalent to 315% of their daily revenue, according to on-chain analytics platform Glassnode. This latest spike in miner revenue sent to exchanges has dwarfed previous ones during the 2021 bull run. Miners typically send BTC profits to exchanges in preparation to cash out and cover expenses, and the current high price of Bitcoin makes it an attractive time to do so. However, if miners start liquidating, future losses are expected as Bitcoin remains slightly above the $30,000 threshold and struggles to break the major resistance level of $31,000.

June 20 (Cointime) - Iris Energy has announced its plans to revive its strategy of hosting high-performance computing alongside bitcoin miners, as interest in artificial intelligence (AI) continues to grow.

Bitcoin miners are taking advantage of the recent price increase by sending large amounts of BTC to centralized exchanges. In the last week alone, miners moved $70.8 million worth of BTC to exchanges, marking the third-largest single inflow for Bitcoin miners in terms of dollar value.

The crypto market has experienced a decline due to stricter regulations by the US and Nigerian Securities and Exchange Commissions on unregistered securities offered by crypto exchanges. This has led to an increase in selling by Bitcoin miners and a decrease in liquidity for altcoins.

The 88th legislative session in Texas has been beneficial for Bitcoin miners, with the passage of several bills that will likely keep the state attractive for miners. One bill, SB 1751, which sought to curb energy credits for miners, did not make it to the Governor's desk. Another bill, SB 1929, which passed, requires large Bitcoin mines to register with the Electric Reliability Council of Texas (ERCOT) and is seen as a necessary step toward enhancing transparency.

Despite regulatory crackdowns on the crypto industry, institutional investors still have hope for more exposure to digital assets. Portfolio managers at Amplify ETF, Dan Weiskopf and Mike Venuto, believe that disruptor companies are currently on sale and long-term investors who fail to capture the transformational change from blockchain and digital assets are missing out on a fundamental paradigm shift.

Ohio Rep. Warren Davidson has revealed that a tentative deal to prevent the US government from defaulting on its debts may bring relief to cryptocurrency miners by scrapping a proposed tax on their energy consumption.

Bitcoin miners collected the highest percentage of mining revenue from transaction fees in over two years, according to The Block's Data Dashboard.