Bitcoin mining company Stronghold Digital Mining reported a 47.1% decrease in its Bitcoin mining output in May. The company mined 82 BTC in the first full month after the halving, compared to 155 BTC mined in April. At the same time, the company's revenue for the month was $5.2 million, a 46% decrease from the previous month. Stronghold explicitly attributed this decline to the halving, stating that the main reason for the decrease was the first full month after the halving.

The company also reported that the average hash price in May was $0.052 per TH/s, lower than April's $0.095. The company attributed this change to the halving and the decrease in block rewards, a 0.8% drop in Bitcoin price, and transaction fees dropping from 25.3% in April to 7.4% in May.