Multiple Bitcoin mining companies saw a decline in mining output in June due to Texas initiating a power management program.

On July 4, Cointelegraph reported that multiple Bitcoin mining companies reported a drop in Bitcoin production in June, mainly due to power restrictions in Texas. The Electric Reliability Council of Texas launched 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, down 12% 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% drop 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 during the month. Meanwhile, CleanSpark saw a 6.7% rise in Bitcoin production in June, exceeding its mid-year 20 EH/s computing power target. CleanSpark mined 445 Bitcoins, selling only 8, and holds 6,591 Bitcoins at the end of the month.