Bitcoin Mining Council Briefing Update

AUSTIN, TEXAS – April 24, 2023 — After consulting the Bitcoin Mining Council’s (“BMC“) active membership, going forward, the BMC will be releasing its global survey results on a semi-annual basis. The market can expect that, semi-annually, at the end of each respective Quarter 2 and Quarter 4, the BMC will release the updated results.

With the survey data now being used widely and shared across capital markets as well as relied upon by academia, the BMC, being a volunteer based organization has decided that semi-annual disclosure provides adequate market information for key stakeholders to utilize the data results without adding additional resources to manage the collection and distribution.

About the Bitcoin Mining Council

The Bitcoin Mining Council is a voluntary and open forum of Bitcoin mining companies and other companies in the Bitcoin industry committed to the Bitcoin network and its core principles. It promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining. Its contributing members include: Argo Blockchain, Atlas MiningatNorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, BitRiverBlockWare Solutions,, Celsius Network, Compute North, Core Scientific, Cowa, DMG Blockchain Solutions, Enegix, Frontier Mining, Galaxy Digital, Hive Blockchain, HMTech, Hut8, Marathon Digital Holdings, New Data Ventures LLC, PrimeBlock, Riot Blockchain, and SBI Crypto.

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