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Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
2.9.2024
Mining revenues hit 12-month lows in August, according to Bitbo
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
30.8.2024
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate.
TeraWulf launches new Bitcoin mining facility, eyes major tech partnership
29.8.2024
TeraWulf claims to be the most profitable miner on a per-share basis, with an average production cost of $40,000 per Bitcoin
Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints
26.8.2024
Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin...
Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days
25.8.2024
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back...
Bitcoin miner profits drop as halving, power costs weigh — JPMorgan
23.8.2024
BTC miners are struggling to adapt to a post-halving environment.
Bitcoin miner profits drop as halving, power costs weigh — JPMorgan
23.8.2024
BTC miners are struggling to adapt to a post-halving environment.
Bitcoin miner profits drop as halving, power costs weigh — JPMorgan
23.8.2024
BTC miners are struggling to adapt to a post-halving environment.
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
23.8.2024
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which...
Hash Ribbons signal end of miner capitulation: CryptoQuant
19.8.2024
On Aug. 11, Bitcoin miners recorded the lowest levels of daily revenue in 2024, highlighting the profit squeeze miners are experiencing
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
18.8.2024
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days....
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
16.8.2024
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial...
Public miners raised $2.2B as cash flow crunch intensifies post-halving
15.8.2024
A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
15.8.2024
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties....
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
15.8.2024
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much...
The Coming Financialization of Hashrate Markets
14.8.2024
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada
Core Scientific drops 10% after $400 million convertible senior note offer
14.8.2024
Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
13.8.2024
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other...
Marathon Digital listens to Trump; stamps mined Bitcoins ‘Made in USA’
13.8.2024
Post former US President Donald Trump’s slogan, the Bitcoin Mining firm, Marathon Digital Holdings has conceded and decides…