GEM Mining Releases Bitcoin Mining Production Update For May

  • GEM Mining released production updates for the month of may showing a 25% decrease in revenue.
  • The company increased its total bitcoin miners and hash rate, however the increased difficulty of mining and lower average BTC inevitably made the difference.
  • Year-to-date, GEM Mining has produced 1,160 BTC valued near $34.8 million.

GEM Mining, a privately owned, South Carolina-based bitcoin mining company, just released its bitcoin production update for the month of May 25% decrease in month-over-month revenue, according to a press release.

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