Bitcoin miners reported a modest to a 2x surge in their production in September compared to August 2023. The firm also achieved its Q3 goal of Bitcoin mining and reported mining 6,903 Bitcoins during the current fiscal year. The production curtailment was highlighted at its facility on days of peak demand due to a scorching summer in Texas. Power prices fluctuated due to warm weather and global energy supply chain challenges. Overall, most Bitcoin miners had better performance in September compared to August. The price of Bitcoin rallied to over $28K on October 2nd and is up about 70% year-to-date. However, it is still more than 50% below its all-time high.
AI Sentiment: Positive