Texas power restrictions impact mining companies, multiple firms saw a decline in Bitcoin production in June.

On July 4th, multiple Bitcoin mining companies reported a drop in Bitcoin production for June, primarily due to power restrictions in Texas. The Electric Reliability Council of Texas initiated the 4CP (Four Coincident Peak) program to optimize power distribution and drop system costs by managing peak demand on the grid during four critical summer months (June, July, August, and September).

Riot Platforms mined 450 Bitcoins in June, a 12% drop from 514 in May. Riot sold 397 BTC in June, making a profit of $41.7 million, and currently holds 19,273 Bitcoins. Cipher Mining mined 160 Bitcoins in June, selling 58, and holds 1,063 Bitcoins. MARA Holdings saw a 25% decrease in production in June, mining 211 Bitcoins, down from 282 in May. As of the end of June, MARA holds 49,940 Bitcoins and did not sell any Bitcoins that month. Meanwhile, CleanSpark's Bitcoin production increased by 6.7% in June, exceeding its mid-year 20 EH/s hash rate target. CleanSpark mined 445 Bitcoins, selling only 8, and holds 6,591 Bitcoins at the end of the month.