Bitcoin miners record highest monthly production since halving

The monthly production of bitcoin miners has reached its highest level since the halving in April.
Digital Holdings Inc. CEO Fred Thiel said Marathon produced 717 BTC during October, worth roughly $48.8 million (roughly $7.7 million).
He revealed that the value of the company's cryptocurrency had increased by more than 14% to over 40 EH/s, explaining that this was primarily due to the company's hash rate increasing by more than 14%, exceeding the 40 EH/s level.
He also said that an increase in transaction fees in October contributed to the increase in Marathon's bitcoin production, which now accounts for about 5% of total bitcoin production.
Marathon has raised around $400,000 (approximately $608,000) in two high-fee transactions through its mining pool, MARAPool, and private mining pool, Slipstream.
The news shows that the bitcoin mining giant is recovering from the April halving.
This resulted in the Bitcoin block reward being halved from 6.25 BTC to 3.125 BTC, significantly impacting mining revenues in the short term.
Meanwhile, Riot Platforms
Platforms mined 505 BTC during October, worth $34.4 million, up 22.6% from the previous month.
Riot said it had installed new MicroBT mining equipment in its Corsicana, Texas facility and was “exploring the hash rate of 100,000 yuan ($1.2 billion).”
"This was due to the rate increasing from 28.2 EH/s in September to 29.4 EH/s," he explained.