Best solar panels in the UK 2025
We have chosen the DMEGC Infinity as our top pick because of its combination of good price and long life.
Most panels are guaranteed for 25 years and offer similar power output, size, efficiency and looks. So most of our judgement is weighted towards cost and degradation, which describes how much power the cells will provide after a number of years. The higher the percentage, the better.
Much of your decision will depend on which installers you choose to go with, as they will have brands they prefer to buy from, if only to make use of bulk purchasing.
As you do your research, you will see a lot of Chinese names you might not be familiar with. But a number of these are big brands in the clean energy world, with good track records of quality and durability, as we shall see below.
Most panels have a life span of at least 30 years, and if you are going to the trouble of putting up scaffolding and having them installed on your roof, then these are the ones to go for since installation is usually the largest part of the cost of solar panels. You won't want to have to replace them in a hurry.
A boom in commercial panels used in solar farms, which power up to five per cent of the UK grid, means that the technology has come on leaps and bounds in recent years as more money is poured into developing solar panels that are cheaper to buy.
When choosing the best solar panel, it's good to weigh up the full cost of solar panel installation as well as the panel cost itself, since you'll probably need to pay for fitting the purchase of other equipment to connect your shiny new panels to your home electricity mains.
Best solar panels at a glance
Panel
Price, installed
Efficiency
Wattage per panel
Type
Made in
Degradation
Warranty
DMEGC Infinity
£795 to £1,195 per kW
23 per cent
440-460W
N-Type
China and Indonesia
87.4 per cent after 30 years
25 years
REA Fusion2 Solar Panel
£900 - £1000 per kW
24 per cent
450W
N-Type
Australia
90.3 per cent after 30 years
25 years
Perlight Black Grid
£895 to £1,195 per kW
26 per cent
500W
N-Type
China
87.4 per cent after 30 years
30 years
Aiko Neostar
£1250 per kW
23 per cent
460W
N-Type
China
88.90 per cent after 30 years
25 years
Jinko Tiger
£1250 per kW
22 per cent
440W
N-Type
China, Malaysia, US, Vietnam
87.4 per cent after 30 years
25 years
Best solar panel overall: DMEGC Infinity
China's DMEGC, part of the Hengdian Group conglomerate, could be the biggest energy company you've never heard of. It's shipped more than 50 gigawatts of solar panels since its founding in 1980. That's a lot – the UK's average power demand last year was about 30GW.
It is one of the earliest solar panel manufacturers and this long track record means it has plenty of experience in making a quality product.
The company also walks the walk when it comes to green energy. Last year, it revealed three of its manufacturing bases in China were certified by testing firm TUV SUD as using 100 per cent green energy. DMEGC aims to be carbon neutral by 2050.
DMEGC is also considered a Tier-1 manufacturer, an industry term for the biggest and longest-running solar panel makers, which have solid financial strength. The status is not a be-all and end-all for solar panel buyers but does indicate that a company has a good chance of honouring its guarantees and that its manufacturing processes are solid, which is useful bearing in mind how long the panels need to last.
This solar panel provides a good compromise between power output, long warranty and decent power longevity, offering more than 87 per cent of its box-fresh output after 30 years.
The model can also come in at the lower end of the cost for solar panels, depending on the fitting cost. This combination of lower price and long life makes it our top pick.
Other features include anti-glare coatings, which mean the panels are less likely to annoy neighbours or passers by. This could be important if you live in a valley with roads coming in from above the property and you don't want to dazzle drivers on sunny days.
Even if this is not a concern, panels which reflect light are not using it for power, which is to be avoided.
As with other panels on the list, the manufacturer boasts they have good performance in low light conditions – useful for gloomier winter days – and a top safety record.
They can also perform well if temperatures rise above 25 degrees centigrade.
The panels have fairly typical dimensions of 1.76m by 1.13m with a depth of 3cm. They weigh 24.5kg apiece.
Pricing will vary, but as with other reviews, we include an average cost for the panels when installed. The biggest cost is for installation, so don't focus too much on the cost of panels alone. Instead, consider the overall cost.
Pros:
Cons:
There are cells with better degradation, topping 90 per cent
There are cells with better efficiency
Being able to trust in the longevity of a company that has been around as long as DMEGC, their skills in electrical manufacturing and as a Tier-1 solar manufacturer, gives us peace of mind that we are supplying our customers with quality
Paul Evans, head of renewables at solar panel fitter Glow Green
Best solar panel for quality: REA Fusion 2 Solar Panel
Price, installed: £900 - £1000 per kW
Efficiency: 24 per cent
Wattage per panel: 450W
Type: N-Type
Made in: Australia
Degradation: 90.3 per cent after 30 years
Warranty: 25 years for the product itself, 30 years for the degradation figure
This is our choice for the best solar panel for efficiency and maintaining power over the long run.
REA Power is a smaller company, based in Australia, making it an unusual entrant in a list dominated by Chinese brands.
REA panels can use micro inverters fitted to each panel. Inverters turn the direct current that the panels provide into alternating current which your home ring main uses. Many setups use one centralised inverter and they usually require a certain amount of power to get going, meaning that some setups can't make use of low light conditions to generate power.
REA says that its micro inverters, fitted to every panel, are more efficient in generating power on darker days. It also means that an inverter failure does not affect the rest of the array. The inverters will also benefit from the guarantee the panels get – 25 years.
The panels are double sided – sunlight can be absorbed on both sides. When it will be fitted to your roof, why bother? Well, some light will pass through the panel, reflect off your roof and enter through the back. Panels with this feature can generate up to 20 per cent more energy.
The company also sponsors various initiatives including a solar recycling scheme, which aims to fix old panels and keep them working rather than being sent to landfill.
If you are having solar panels fitted, they are probably going on your roof, so you will need scaffolding and specialists to come along to put them there. Therefore, you may want the best in an effort to avoid having to foot repair bills or replacement costs. You may also want the maximum power available for a smaller roof.
Engineered in Australia, the manufacturers say these cells are built to last and they top our chart for efficiency and degradation.
They also have a minimalist all-black design, which is useful if you want to keep your solar installation low-profile.
REA says its cells also have separate zones which means that less power is lost should part of the array end up in the share from trees, clouds or other buildings. And they make use of lower AC voltage for safety reasons.
Due to expense these panels do not snag the top spot in our list, but if you are happy with the price they are a good choice.
The panels measure 1.72m by 1.13m and are 3cm thick. They weigh 24kg each.
Pros:
Cons:
Expensive
REA Fusion panels combine advanced N-Type and HJT cell technologies, offering the best of both worlds: N-Type cells minimise long-term efficiency degradation, while HJT (Heterojunction Technology) enhances performance in low-light conditions. This powerful combination makes the Fusion 2 the go-to choice for the UK market – delivering maximum generation, even in our famously gloomy climate
David Simmonds, Head of Solar at solar panel fitter Heatable
Best for long warranty: Perlight Black Grid
Price, installed: £895 to £1,195 per kW
Efficiency: 26 per cent
Wattage per panel: 500W
Type: N-Type
Made in: China
Degradation: 87.4 per cent after 30 years
Warranty: 30 years
Perlight is another Chinese maker of solar panels, starting life in 2006. These panels are an excellent choice for those wanting a long warranty – the company offers 30 years compared to the usual 25.
This extended guarantee could give you more comfort if you expect to have to pay the panels off over a long period of time or you simply want to leave them there for as long as possible, which bearing in mind the fitting cost could be a good idea.
On the other hand, you could take the view that a panel lasting 25 years will probably go the extra distance without the guarantee.
The model also offers better efficiency and a higher wattage than the other panels on our list. The only thing letting it down is its somewhat pedestrian degradation figure, otherwise it would be further up our ranking.
The company is also somewhat shy about filing facts about itself compared to its competitors, although it passes all the necessary regulatory hurdles.
The panels do offer a higher wattage and will continue pumping out 87 per cent of their factory-fresh power after 30 years, making it a very good choice.
Like REA, Perlight is not a Tier-1 manufacturer. But it has a long track record, meaning you should expect good performance for years to come, and it ships to 100 countries.
The panels also have high pressure resistance, meaning the should be able to withstand the bumps, bangs and weather that 30 years on a roof will throw at them.
Like nearly every panel on this list, these are made in China. The Chinese government has thrown many subsidies at clean power companies in recent years. This means that the last 20 years has seen a boom in Chinese solar panel making. The country now has a massive technological advantage over other nations, as well as a large manufacturing base.
Panel making eats up a lot of silicon, and China has a big silicon refining industry, which also helps firms make panels cheaply there.
Since 2000, solar panels themselves have fallen in price per unit of power output by about 90 per cent because of technological leaps in their efficiency, largely in China. But fitting costs have risen in line with wages and other inflationary pressures since then, so bear this in mind when looking at prices. The panels will be cheaper, but labour and scaffolding less so.
Cons:
A 30-year product warranty is hard to come by in any product but Perlight offers one of the longest warranties available in the market
Paul Evans, head of renewables at solar panel fitter Glow Green
Best for higher wattage per panel: Aiko Neostar
China has invested billions of pounds into making cheap solar cells, and the country's Aiko Neostar range offers amongst the best power output, as well as a long warranty and very respectable efficiency.
Aiko is another of those Tier-1 manufacturers we heard about earlier. Being Tier-1 means that Bloomberg New Energy Finance has determined that a company's longevity, financial ,strength and manufacturing processes make it a good financial bet.
For consumers, this suggests that the company you are buying from is likely to be a quality one, but it doesn't mean you should ignore other manufacturers who may have newer products or simply don't belong to a public company.
Aiko was founded in 2009 and has six manufacturing plants in China as well as a research and development hub in Freiberg in Germany. It has shipped more than 150 gigawatts of panels since it was founded. It is a big supplier to China's large domestic solar industry, having this year snagged a 1 gigawatt contract to build three solar farms in the south, east and north of the country.
The Neostar also has the best output in our test, which makes the panels a good choice if roof space is at a premium.
Like the other panels in this list, the product uses N-type cells, which offer very slow degradation, and thus a nice long life.
The company claims that its cells have something called cell-level partial shade optimisation in order to deliver more power in partially shaded conditions. This, or a similar technology, is useful even if no trees are near your house – over the course of 30 years you can never be quite sure how your local skyline will change.
The company also says they have micro-crack resistance. In other words, they are tough. Over their lives, small branches from trees, hail and other detritus will strike the panels, together with the regular wind and rain Britain endures, so durability is important.
With an all-black design, they are also among the most aesthetically pleasing solar panels and maintain 89 per cent of their power after 30 years, which is towards the top of our list.
As with the other panels we reviewed, a 25 year guarantee is the standard.
These panels are somewhat lighter than the others, at 21.5kg each, which may appeal if you have a more fragile roof. They measure 1.76m by 1.13m and are 3cm thick.
Cons:
With new generation ABC (All Back Contact) technology, Aiko Neostar panels supply excellent efficiency, and their entirely black design is aesthetically pleasing and looks great on any rooftop. They represent a premium option built for homeowners in search of the latest in tech and the best performance from a small-scale system
Edward McKay at fitter Solar4Good
Best for high output in weak light conditions: Jinko Tiger
Founded in 2006, Jinko has grown to be another vast Chinese player in solar panels, with a decent track record of success.
Again, the long warranty, slow ageing rate and good power output make this a good all-round choice.
Jinko is a Tier-1 manufacturer, meaning it has been around for more than five years, it is in a strong financial position, and it automates its panel making. This is a useful guide on a company's financial strength, but as a consumer rather than an investor, you may have other priorities.
The company is listed on the New York Stock Exchange, which means it publishes quite a bit more about itself than the other firms.
It also invests in solar projects themselves, owning a 20 per cent stake in a 2 gigawatt solar project in the United Arab Emirates, one of the world's largest plants.
Jinko is also part of the so-called Solar Module Super League, a group of seven firms which made up about half the world's solar panel making capacity.
For the panels themselves, the stats are fairly middle of the road compared to others on our list, but as you can see from the summary towards the top of the page, all our featured panels have good warranties, power output, efficiency and useable lifespan.
You can take a lot of comfort from Jinko's huge size and comparably long track record, approaching 20 years in the market.
So if your favourite fitting firm only stocks these panels, fear not, you are still likely to have lower bills for years to come.
A bit like flat panel TVs, intense competition in the solar panel market means the products are getting cheaper, but with high standards in manufacturing among the biggest players, of which Jinko is one.
The manufacturer says that the panels offer good output in weak light conditions, which is a key feature in the UK, not just for gloomy days but also dawn and dusk.
It uses N-type cells, which offer slow degradation, which is important if you want to fit cells to a roof and not have to replace them for a very long time.
The panels also feature good resistance to salt, which could be important if you live near the coast and need that extra protection.
The panels weigh in at 22kg, a shade lighter than most, and measure 1.76m by 1.13m. They are 3cm thick.
Pros:
Cons:
Jinko Tiger panels deliver reliability and performance with robustness and high energy output in weak light conditions. They're a great choice for customers who want quality, affordability, and performance from one of the best solar manufacturers in the world
Edward McKay at fitter Solar4Good
Methodology
We based our judgement on a number of factors largely weighted towards price and lifespan. We spoke to solar fitters and UK experts to draw our conclusions. The efficiency of most of the panels is very similar and they tend to come in similar sizes and with similar warranties, apart from the 30 years offered by Perlight.
Longevity is our top concern. The outlay to install the panels is large, so they must last. The cells' longevity can be measured in two ways: the expected lifespan, which is often 25-30 years, and the degradation figure, which tells us how much power we get as the cells age.
After longevity, price is a key metric: the lower, the better
Then, we look at warranty and efficiency, which can often be similar, together with power output
After that, we weigh concerns such as looks, how long the manufacturer has existed and other matters
Our top choice is the DMEGC Infinity for its balance of price and performance. Many of the Chinese brands are similarly priced with similar lifespan characteristics.
Why trust us
The Independent has been reporting on green energy and climate matters since it was founded in 1986. Since then, we have written hundreds of reviews and news stories on energy matters, including the best solar panels, the best solar installers and various other guides on green power.
What happens when you get a quote through us
After you have filled out our form above, you will receive three quotes from solar fitting companies local to you.
They may be able to quote based on the information you have given them, or they may need more information, or to visit your home.
Once you have these quotes, you can decide if you wish to proceed.
FAQs
Which type of solar panels are the best?
For most buyers fitting the panels to a roof, the most modern type of panel, N-Type, is a good bet since it will last a long time. PERC solar panels, an older design, will be cheaper but may be guaranteed for just 10 years. That makes them suitable for easier installations, such as ground level or accessible roofs, but not installations which require expensive fitting.
What are Tier 1 solar panels?
You may have read the phrase Tier 1 associated with solar panels. It refers to tiers of manufacturers, based on their financial stability and their track record of making high-quality panels. To be seen as a Tier 1 manufacturer, panels should be made in-house and a track record of at least five years is generally needed.
It is a good indicator that a panel maker is high quality, but it is not the be-all and end-all since factors which matter little to buyers such as the quality of a manufacturer's accounting practices form part of the criteria. Aiko, Jinko and DMEGC are all Tier-1 firms.
Yes and no. There are big brands in solar panel making such as Sharp, but it stopped selling panels to European countries this year. The most important thing is to choose a brand with a good history. All our makers featured in this guide have been around for at least 15 years and up to 45 years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Coin Geek
an hour ago
- Coin Geek
US miners facing tariff probes; IREN usurps MARA's throne
Getting your Trinity Audio player ready... Economic tariffs have block reward miners feeling uneasy, while July's production numbers led to the dethroning of the longtime champion. The BTC network mining difficulty rate keeps setting new all-time highs despite a temporary retreat in early July. On August 9, the rating increased by 1.4% to 129.44 trillion (on average, the number of hashes required to successfully mine a new block). It's the 11th increase this year, which began with a rate below 110 trillion. The increased cost of finding new blocks is partially mitigated by the surge in BTC's fiat price over that same span. From a ~$94,500 price on January 1, BTC finished July at over $115,000 after hitting a new record high of nearly $123,000 mid-month. On August 1, JPMorgan (NASDAQ: JPM) analysts issued a note saying miners' July profits were better than any month since the April 2024 halving of the block rewards. But miners were recently clobbered with fresh concerns over the cost of importing the ASIC mining rigs on which their businesses rely. On August 6, U.S. President Donald Trump announced new 100% tariffs on imported chips and semiconductors. Trump previously announced 30% tariffs on imported ASICs, the overwhelming majority of which are built by Chinese firms. However, Trump clarified that for chipmakers that have 'made a commitment to build or are in the process of building' U.S.-based operations, 'there is no tariff.' The big Chinese ASIC manufacturers—Bitmain, MicroBT and, to a lesser extent, Canaan Inc (NASDAQ: CAN)—have either already started U.S. operations or are in the process of establishing them, suggesting miners might dodge a bullet this time. Two weeks ago, Bitmain's global business chief Irene Gao said the company planned to open both a new U.S. headquarters and its first stateside assembly line during the current quarter. The facility will be located in either Texas or Florida and hopes to start pumping out made-in-America ASICs early next year. All well and good, but last week CleanSpark (NASDAQ: CLSK) revealed that in May, the company 'began receiving invoices from the U.S. Customs and Border Protection agency (CBP) asserting Chinese origin import tariffs on certain miners imported from April 2024 through June 2024.' CleanSpark said the total tariff liability could top $185 million, not counting statutory interest. CleanSpark says the CBP's allegations are without merit and the documentation the company received during importation of the rigs 'validates non-Chinese origin.' CleanSpark further claims 'the seller of the miners has consistently represented to the Company that the country of origin of the mining hardware was not China.' The timing of the imports means the rigs in question would have consisted entirely of Bitmain's Antminers. CleanSpark isn't the only miner to be targeted by the CBP on this issue. In May, IREN (NASDAQ: IREN) revealed that CBP believes the rigs IREN imported into the U.S. between April 2024 and February 2025 were of similar Chinese origin. Like CleanSpark, IREN says it received written documentation from the supplier indicating that the rigs weren't made in China. If found liable, the tariff top-up could cost IREN $100 million. Wired recently published details on the 'absolute chaos' miners endured this spring in their rush to import new rigs from newly tariffed nations like Malaysia, Thailand, and Indonesia—countries to which Bitmain and MicroBT shifted some production following tariffs imposed on China during Trump's first term. In the end, the panic and the millions spent to beat the clock proved unnecessary, as Trump delayed the tariffs by 90 days. In the short term, Trump's tariffs could undercut his pledge to make America the world's mining powerhouse. Ethan Vera, COO of mining solutions firm Luxor Technology, told The Block he expects ASIC manufacturers to ship more rigs 'to overseas markets with more favorable import tariffs.' It will take a while for the U.S.-based operations of Chinese manufacturers to reach critical mass, and Vera suggested U.S. miners might expand operations abroad to take advantage of cheaper rig prices until the U.S. plants catch up. Eric Trump awaits American Bitcoin Corp nine-figure payday Trump will likely offer miners some wiggle room, after all, his family's invested in one now. American Bitcoin Corp (ABTC) was formed this spring via a partnership with Hut 8 (NASDAQ: HUT), with the latter firm supplying 'substantially all' of its mining rigs in exchange for 80% of ABTC. Trump's sons Don Jr. and Eric—the latter serving as ABTC's 'chief strategy officer'—and a few others controlling the rest. ABTC is planning to go public via a stock-for-stock merger with Gryphon Digital Mining (NASDAQ: GRYP), after which Gryphon will rebrand as ABTC. Gryphon shareholders began voting on the plan on August 6 ahead of a special meeting on August 27. The transaction is expected to close in early September. Securities and Exchange Commission (SEC) filings indicate that Eric Trump will hold nearly 367 million new shares of ABTC's Class B common stock, representing a 9.3% stake in the firm. (Hut 8's share will fall to 64% post-listing.) Gryphon shares closed trading Monday at $1.29, making Eric's holdings potentially worth nearly $475 million. However, Bloomberg reported on July 31 that a recent private sale of existing ABTC stock went off at $0.25 per share, which would result in a still significant but much lower payday for Eric. ABTC is also building a BTC treasury, having raised $220 million via a private placement and purchased 215 BTC as of May 31. On August 7, Hut 8 CEO Asher Genoot revealed that this private placement included participation from Cameron and Tyler Winklevoss, the brothers behind the Gemini digital asset exchange. Genoot said the brothers 'invested Bitcoin rather than cash' but didn't quantify the size of the Winklevii investment. The brothers have been significant donors to Trump-related causes, most recently contributing a total of $4 million to MAGA Inc, the Trump-affiliated political action committee. Back to the top ↑ Q2 earnings: MARA, Riot, Cipher, CleanSpark, Hut 8, Terawulf There's a flurry of second-quarter earnings reports to cover, so let's dive right in. MARA (NASDAQ: MARA) reported revenue of $238.5 million in the three months ending June 30, up 64% year-on-year (+11.5% from Q1) and a new quarterly record. MARA noted that the surge was 'primarily' due to BTC's spiking fiat price, which also drove profits to $808.2 million from a net loss of $200 million a year ago and a $533 million loss in Q1 (during which BTC's price tanked). On the earnings call, MARA CEO Fred Thiel expressed skepticism that the flood of digital asset 'treasury' companies would enjoy the same inflated share prices that MARA and other early movers have to date. Comparing the treasury boom to 2017's initial coin offering (ICO) craze, Thiel said 'any advantage in any market starts disappearing when you have lots of companies going after it … they can't all be successful.' Last month, MARA launched another fundraising effort, looking to raise $850 million, then upsizing that to $950 million in new debt (on top of the $2.25 billion in debt MARA carried as of June 30). MARA said it would use the proceeds to buy more BTC—famed short-seller Jim Chanos has some thoughts on this—and for other general purposes, including strategic acquisitions. Speaking of, Bloomberg reported Monday that MARA was in 'advanced talks' with French utility Électricité de France (EDF) to acquire a 64% stake in Exaion, a high-performance computing (HPC) data center provider. The $168 million deal is reportedly part of MARA's strategy to build out its AI infrastructure offering. Should the deal proceed, EDF will remain a minority owner of Exaion. Riot Platforms (NASDAQ: RIOT) reported its Q2 revenue more than doubling year-on-year to $153 million, thanks to spiking BTC prices but also to an improved operating hashrate. Those price gains pushed profits over $219 million versus a $84.5 million loss in the same period last year and a nearly $300 million Q1 loss. Riot CEO Jason Les appeared to acknowledge the fickle hand of fate in his company's fortunes. Les said the company would continue 'progressively shifting capacity toward high-value data centers,' which promises more consistent returns. Cipher Mining (NASDAQ: CIFR) reported revenue of $44 million in Q2, a $7 million improvement year-on-year, but a $5 million haircut from Q1. The changes in fair value of its derivative assets led to a net loss of nearly $46 million versus Q1's $39 million loss. CleanSpark's latest quarter saw its revenue rise nearly 91% year-on-year to $198.6 million, while posting a profit of $257.4 million versus a $236.2 million loss a year ago. Despite these cheery numbers, the company announced only four days later that co-founder/CEO Zach Bradford was resigning, his role to be assumed by co-founder/chairman Matt Schultz. Bradford expressed pride in CleanSpark's accomplishments but said it was time for him to 'transition the role to the next leader and focus on my family.' Schultz said he was stepping into the CEO role 'to ensure stability, continuity, and forward momentum … the board believes that now is the right time for a change in leadership as we look to fully capture opportunities available to CleanSpark.' Hut 8's mining operations have largely been transferred to ABTC, but for the time being are still being reported via Hut 8. Revenue improved from $35.2 million in Q224 to $41.3 million, most of which ($34.3 million) came from its 'Compute' segment, which encompasses mining, GPU-as-a-Service and Data Center Cloud operations. Hut 8 posted a profit of $137.5 million versus a $72.2 million loss in Q2-24. However, this profit was goosed by a $217.6 million gain in the value of the 10,667 BTC it held at the end of June, meaning the picture would have remained broadly negative absent that value surge. Finally, TeraWulf (NASDAQ: WULF) reported Q2 revenue of $47.6 million, up one-third year-on-year, but surging costs meant operating losses more than doubled to $15.6 million and net losses widened to $18.4 million from $11.6 million in the same period last year. Back to the top ↑ July production tallies crown new king As always, miners' July 2025 production reports are listed below in descending order of magnitude, and while Bitdeer (NASDAQ: BTDR) has yet to file its July figures, we have a new monthly champion to announce. IREN produced 728 BTC in July, a whopping 108 tokens better than June, dethroning longtime champion MARA and producing record monthly revenue of $83.6 million. Average operating hashrate was up more than 10% month-on-month to 45.4 EH/s, while IREN's AI Cloud Services revenue improved by a modest $100,000 to $2.3 million. MARA produced 703 BTC in July, ten fewer than June's tally, despite a 3% rise in EH/s. MARA's BTC treasury hit 50,639 tokens as of July 31, 699 tokens more than at the end of June. CleanSpark mined 671 BTC in July, 14 fewer than in June, in part due to 'periodic load reductions' at its southeast U.S. operations during a heatwave. CleanSpark sold 576 tokens last month, part of its ongoing strategy to 'self-fund' operations rather than raise cash or dilute existing shareholders, leaving its treasury at 12,703 tokens. Also surging forward in July was Cango (NYSE: CANG), which produced 650.5 BTC, a hefty 200 more than June's total, as average operating hashrate surged by more than one-third to nearly 41 EH/s. Hashrate will grow further following this week's $19.5 million purchase of a fully operations 50MW facility in the state of Georgia. Cango says the Georgia addition is 'laying the strategic groundwork for a gradual pivot towards supplying energy for (HPC) applications' in a bid to diversify its operations. Cango's BTC treasury now stands at just under 4,530 tokens. Riot Platforms mined 484 BTC in July, an 8% rise from June, despite suffering from the same 'voluntary curtailments' of their power access endured by other miners with operations in heat-impacted states. Riot sold 475 BTC last month, leaving its treasury at 19,287 tokens as of July 31. BitFuFu (NASDAQ: FUFU) was also in positive territory in July, mining a total of 467 BTC, 22 better than June. Self-mined BTC rose from 58 to 83, while cloud-mining customers dipped by three tokens to 384. Hashrate rose 6.6% to 38.6 EH/s, while BitFuFu's BTC treasury dipped by eight tokens to 1,784 following 'payments made to vendors.' Cipher Mining collected 214 BTC in July, up sharply from June's 160, thanks to a 'meaningful' contribution from its Black Pearl Phase I site in Texas. The contribution helped boost month-end operating hashrate by nearly four points to 20.8 EH/s. Cipher sold 52 BTC in July, leaving it with 1,219 in its vaults. Hive Digital (TSXV: HIVE) mined 203 BTC in July, a one-quarter improvement over June's 164, as average hashrate rose nearly two points to 12.8 EH/s. Hive says it remains on target to hit 25 EH/s by November, fueled by its BTC 'pledge strategy' that pledged $200 million worth of its held BTC to its equipment supplier (Hive has the option to buy back its BTC at the original pledged price). Finally, Canaan produced 89 BTC in July, nearly unchanged from June's 88, leaving its treasury at 1,511 tokens. Canaan's month-end operating hashrate (6.2 EH/s) fell for the second straight month, after completing its planned Kazakhstan exit and proactively terminating a hosting deal with 'an underperforming site' in Texas. Back to the top ↑ Watch | Mining Disrupt 2025 Highlights: Profitable trends every miner should know title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Reuters
2 hours ago
- Reuters
Stocks rally, oil prices drop after modest US inflation data solidifies Fed rate cut expectations
NEW YORK/LONDON, Aug 12 (Reuters) - World shares rallied on Tuesday as U.S. consumer prices data failed to shake market expectations of an impending Federal Reserve interest rate cut in September, even as a trade war truce between Washington and Beijing helped buoy sentiment. Wall Street's main indexes were all advancing after losing ground in the prior session, with financials, communication services, energy, industrials and materials driving gains. The Dow Jones Industrial Average (.DJI), opens new tab rose 0.89%, the S&P 500 (.SPX), opens new tab rose 0.56%, and the Nasdaq Composite (.IXIC), opens new tab rose 0.60%. European stocks (.STOXX), opens new tab nudged higher, rising 0.19%. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab rose 0.56% to 943.41. U.S. Labor Department data showed that the consumer price index rose 2.7% in 12 months through to July, which was slightly below the 2.8% rate that economists polled by Reuters had forecast. "There was upside risk to inflation and the market was bracing for that in some respects," said James St. Aubin, chief investment officer at Ocean Park Asset Management in Santa Monica, California. "The report today, all things considered, was fairly benign. I don't think there was anything to write home about but it certainly took the worst-case scenario off the table." Asian equities had rallied overnight after U.S. President Donald Trump signed an executive order pausing triple-digit levies on Chinese imports for another 90 days. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab gained 0.19%. Markets on Tuesday traded on short-term relief, however, as the softer-than-expected consumer price data firmed up bets for U.S. rate cuts. Traders are pricing in a 92% chance of a Fed cut in September, according to the CME Fedwatch tool. Short-term U.S. Treasury bond prices rallied moderately, with the yield on two-year notes, which track interest rate expectations, down 1.1 bps at 3.743%. Longer-dated bond prices were lower. The yield on benchmark U.S. 10-year notes rose 3.5 basis points to 4.308%. Investors had been on tenterhooks about this batch of inflation data because it had followed a surprisingly weak jobs report on August 1, and had the potential to make concerns about U.S. stagflation a dominant global narrative. Trump has nominated White House adviser Stephen Miran to temporarily fill a vacant board seat at the U.S. central bank, stirring up speculation about presidential interference in monetary policy. The U.S. and China have engaged in a tit-for-tat tariff duel throughout the year, culminating in trade talks in Geneva, London and Stockholm since May that focused on bringing tariffs down from triple-digit levels. Chinese exports jumped 7.2% year-on-year in July, beating the consensus forecast of economists polled by Reuters, but the nation's factory gate prices dropped by the most in two years in a further sign of manufacturers struggling to sell goods at home. In currency markets, the dollar weakened 0.05% to 148.085 against the Japanese yen and was down 0.5% against the Swiss franc . The euro rose 0.43% against the dollar at $1.166550. The pound rose 0.5% against the dollar to $1.34990 as traders anticipated the Bank of England lagging behind other non-U.S. central banks in implementing rate cuts. The BoE cut benchmark borrowing costs by a quarter-point to 4% last week after a tightly balanced vote between members of its monetary policy committee, who also broadly agreed that the risks of an upward wages-and-prices spiral remained present. Ten-year gilt yields rose by 5 bps to 4.624%. In commodities, spot gold prices were flat at $3,344.60 per ounce after dropping nearly 1.6% on Monday in response to Trump announcing there would be no tariffs on imported gold bars. Brent crude oil traded down 0.14% to $66.55 a barrel ahead of the August 15 meeting between Trump and Russian President Vladimir Putin, aimed at negotiating an end to the war in Ukraine. U.S. crude fell 0.53% to $63.62 a barrel.
Economist
2 hours ago
- Economist
Cash-trapped (part 2): drowning in debt
China may be a nation of savers, but it is becoming a nation of spenders, too. In the past decade many middle-class Chinese have grown accustomed to borrowing money for everything from property to basic expenses. As a result, household debt is soaring and millions of people are defaulting on their loans. In the second episode of a two-part series, we're asking Chinese families, young professionals and business owners about their money troubles. This week, Jiehao Chen, The Economist 's China researcher, and James Miles, our China writer-at-large, explore why so many Chinese people are struggling with their repayments.
