In February 2024, the world of cryptocurrency mining was expecting a lot of important events and announcements. Hut 8 has posted a report on its activities for January, noting the presence of 9,116 bitcoins on its balance sheet. In addition, Hut 8 has entered into a partnership agreement with Ionic Digital with plans to increase the hashrate to 12 Eh/s and 300 MW infrastructure.

Bitdeer announced the production of 330 BTC in January, which is 123% higher than last year's figures. The company intends to begin preparations for the construction of a data center in Ohio, USA, with a capacity of 221 MW, completing the project by 2025.

Marathon published a bitcoin mining report in January 2024, reporting 1,084 BTC mined, which is 42% less than in the previous month. In addition, Marathon is going to pay Hut 8 a commission of $13.5 million to terminate the service contract.

Riot, based in Texas, has raised about $560 million over the past 4 months by placing shares to finance the acquisition of WhatsMiners MicroBT. Bitmain has released new ANTMINER KASPA hardware models: KS5 Pro and KS5 with high hashrate and energy efficiency.

Hut 8 plans to use 9 thousand. BTC to finance its business, including the construction of a new 63 MW facility in Texas, USA. Riot acquired 31.5 thousand WhatsMiner M60S miners with a total capacity of 5.9 EH/s from MicroBT for $97.4 million.

Core Scientific announced record BTC mining results in 2023, 19,274 BTC were mined, becoming the best indicator among all mining companies in North America. Canaan presented its financial results for 2023, with total revenue of $49.1 million for the 4th quarter.

Marathon Digital Holdings also presented its financial results for last year, noting a 210% increase in BTC mining to 12,852 coins and an increase in net profit to $261.2 million. BitFuFu is preparing to merge with a special acquisition company (SPAC) to enter the public market in the United States.

The BTC mining difficulty was adjusted on March 1 at block 832,608, decreasing by 2.9% to 79.35 T with an average hashrate of 608.59 EH/s. The block generation time was 9 minutes and 20 seconds.