1.

El Salvador plans to construct a 241 megawatt (MW) renewable power generation park in Metapán. The initial computational power is expected to surpass 1.3 EH/s, marking a significant milestone for the country and industry. The park will have a capacity of 169MW of photovoltaic solar energy and 72MW of wind energy. The total commitment for the project is $1 billion, beginning with a first investment of $250 million.（Bitcoin Magazine）.

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Tether announced its participation as an equity investor and advisor in the establishment of this bitcoin mining campus. The project is being driven by the startup Volcano Energy, whose founders are Josue Lopez, a 23-year-old bitcoin advocate from El Salvador, and Max Keizer, who serves as chairman and advisor and is also an advisor to Salvadoran President Nayib Bukele.

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2.

Marathon, a publicly traded North American mining company, announced a $14.25 million private equity financing. H.C. Wainwright & Co. will act as the exclusive placement agent for the purchase of 15,000 convertible preferred shares at a purchase price of $952.38 per share under a share purchase agreement. The financing will be used for the company’s general corporate purposes and the transaction is expected to close on or about June 8.

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3.

Bit Digital announced its unaudited digital asset production and corporate updates for the month of May 2023. The Company produced 113.2 BTC, a 31% increase compared to the prior month. The Company had a deployed fleet of 11,513 active bitcoin miners as of May 31, 2023. The Company’s active hashrate was approximately 1.20 EH/s as of that date. During the month of May 2023, the Company finalized agreements to purchase 6,600 new mining units with a total maximum hashrate of approximately 680 PH/s. Treasury holdings of BTC and ETH were 453.6 and 10,996.0 with a fair market value of approximately $12.3 million and $20.6 million, respectively.

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4.

Hut 8 Mining mined 147 BTC, resulting in an average production rate of approximately 4.7 BTC per day, in the period ending May 31, 2023. Hut 8 sold 179 BTC in May 2023 for proceeds totalling $6.8 million. Total balance of unencumbered BTC held in reserve as of May 31 is 9,233. Installed ASIC hashrate capacity at Hut 8‘s Alberta facilities was 2.6 EH/s。（PRNewswire）

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5.

Crypto miner Argo Blockchain reported first quarter earnings, with revenues of $11.4 million and a net loss of $8.7 million for the quarter. At the end of the quarter, the company had $14.2 million in cash and 85 BTC or bitcoin equivalents on its balance sheet. The total number of BTC mined in the first quarter was 491, with a mining margin of 49%.

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6.

Bitfarms purchased a combination of 4,660 Bitmain S19 Pro +, Bitmain S19j Pro and MicroBT M50S+ miners for $13.94/TH with a blended energy efficiency of 28 W/TH and an average hashrate of 118 TH/s per miner. All of the new miners are expected to be online in Q3 2023.

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7.

Currently, publicly listed miners mine at a cost of $10,000-$15,000 per BTC, said Wolfie Zhao, head of research at mining consultancy Blocksbridge. Once the halving happens, these costs will double, bringing miners’ breakeven point to $20,000-$30,000. “If BTC isn’t seriously above $30,000, many of them could be mining at a gross loss,” he said. Wall Street giant JPMorgan Chase predicts that BTC could cost as much as $40,000 per BTC mined after it is halved. (CoinDesk)

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8.

Google’s cloud computing division has released the Crypto Mining Protection Program, which provides Security Command Center Premium customers with up to $1 million in financial protection for unauthorized Google cloud computing expenses associated with undetected cryptocurrency mining attacks.

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9.

According to Dr. Con Kolivas, service administrator of solo.ckpool.org, a miner using its standalone pool service was lucky to mine a block today with only about 17TH of hashrate, and the miner was probably running a single S9 miner, which a miner of this arithmetic power size only mines one block every 450 years on average. The miner managed to mine the block after completing approximately 900 million hash calculations, which at the current difficulty level (51T) has a probability of occurring of about 1 in 5,500.

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10.

TeraWulf provided an unaudited monthly production and operations update for May 2023. Self-mined 323 BTC in May with an average production rate of 10.4 BTC per day. Power cost averaged $6.2k per BTC produced, or approximately $0.028/kWh in May. Deployed fleet of 36,000 miners, comprised of 20,000 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania. Commenced operations in Building 2 at the Lake Mariner facility, where the Company continues to ramp to the full 50 MW of self-mining capacity, which remains on target for Q2 2023.

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