• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

GEM Mining Announces June 2022 Production Update

July 7, 2022 By Business Wire

GREENVILLE, S.C.--(BUSINESS WIRE)--GEM Mining, a bitcoin (“BTC”) mining company headquartered in Greenville, South Carolina, published its mining production results for June 2022.


Key metrics include:

- At the end of June, GEM Mining maintained an active miner fleet of 19,459 miners. This marked no change from the May miner fleet totals.

- In June, GEM Mining had a hash rate of 1.80 Exahash per Second (EH/s), decreasing 6.2%, compared to 1.92 EH/s in May. The decrease was due primarily to a higher global hash rate in June compared to May.

- GEM Mining produced 222.1 BTC in June, a decrease of 7.0%, compared to 239.0 BTC produced in May. GEM Mining produced 7.4 BTC per day in June, a slight decrease in the daily production rate of 7.7 BTC in May. This marks a 909.5% increase as compared to June 2021 production of 22.0 BTC. The month-over-month decrease is a result of an increased global hash rate.

- GEM Mining reported $5.43MM in revenue in June, a decrease of 28.2% compared to $7.57MM in May. The decrease in revenue was due primarily to a lower average BTC price in June compared to May.

- At the end of June, GEM Mining has produced 1,382.2 BTC in 2022.

“GEM Mining continued to efficiently mine BTC in Q2, producing 705.9 BTC by Quarter’s end,” explained John Warren, CEO of GEM Mining. “We remain well positioned to continue deploying our miner fleet and pursuing additional growth opportunities through the remainder of 2022 and beyond.”

About GEM Mining

Headquartered in Greenville, SC, GEM Mining is a privately held, institutional-grade bitcoin (BTC) mining company. The company has over 19,000 miners currently active, with an additional 13,000 fully funded and hosted machines set to come online by the end of 2022. The company’s active miner fleet accounts for over 1% of the global hash rate and is a 97% carbon neutral operation. For more information about GEM Mining, see gemmining.com.


Contacts

Justin Thompson | 864-735-8648 | justin.thompson@gemmining.com

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

As Ripple (XRP) Awaits Legal Clarity, Little Pepe (LILPEPE) Could Soar to $0.10

July 5, 2025

Dogecoin Price Prediction: Will DOGE Reach $1 If Elon Mentions It Again, or is 2025 Little Pepe’s (LILPEPE) Year to Shine?

July 4, 2025

MetaWealth becomes first RWA investment platform to distribute 1 million USD to token holders

July 3, 2025

DFINITY Foundation Launches Niobium Milestone, Bringing New Levels of Privacy with vetKeys Technology on the Internet Computer

July 3, 2025

Crypto’s Biggest Ecosystems are Scaling with Cosmos: Sovereign EVM Day Recap

July 3, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter