Hi everyone,

In this newsletter, we summarize some of the big events from this week. Subscribe to get it straight in your inbox.

Here's what happened in the world of mining this week:

• New CEO at Core Scientific

• Public Miners Release July Production Updates

• MARA Takes Claim of Largest Listed Miner

• Genesis Digital Assets expands in S. Carolina

• AULT Alliance Mined just under 1k BTC since Jan

Sullivan named CEO at Core Scientific ⚡️

• After previously serving as the president of the company, Adam Sullivan was named CEO this week.

• Adam has been deeply involved in the Core restructuring process and brings with him years of industry experience.

• Former CEO Mike Levitt will continue to serve as Chairman of the Board of Directors.

• As of last month Core Scientific still operates over 200k machines for both self mining and colocation services.

• On behalf of the Mining Industry we wish Adam well in his new role.

Public Miners Release July Production and Operational Updates 🤟

• Direct links for July production and operation announcements can be found here: CLSK, CIFR, IREN, WULF, RIOT & BITF.

• Overall larger miners continue to show strength in their rapid growth.

• Expansion plans are on target or in some cases exceeding expectation.

• Network hash rate continues to put pressure on less nimble operations.

• Encouraging to see industry leaders building through the bear market.

MARA takes claim as the largest listed company in Bitcoin Mining 🏃‍♂️

• Our friends at Coindesk released an article which named Marathon Digital Holdings as the largest listed company in the mining industry.

• Marathon has rapidly increased their hash rate domestically and abroad in the UAE.

• MARA now has almost 19 EH/s online and operational.

• The top spot previously belonged to Core Scientific.

Genesis Digital Assets announces 3 new Data Centers in South Carolina 🤝

• GDA announced 3 new sites across the state of South Carolina in Anderson, Union, & Lockhart.

• The state has positioned itself as pro-innovation and pro-energy widely embracing bitcoin miners.

• GDA will add 33MW to a fleet that already represents 2% of global network hash rate.

• The company will be taking advantage of one of the cleanest grids in the United States, drawing mainly from Hydro and Nuclear power resources.

AULT Alliance reports first 6 months of production in corporate update 🤖

• The company reported mining 909 Bitcoin in the first 6 months of 2023 via their subsidiary Sentinum, Inc.

• Their mining mostly took place in their Michigan facility and another portion at their colocation facility hosted by Core Scientific.

• AULT will continue to explore ways to capitalize in the current market and grow their business accordingly.