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Bitcoin mining expenses surge 168% amid capacity growth
20.8.2024
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
7.8.2024
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers...
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
GoMining Unwrapped: How Mining BTC with NFTs Works
9.7.2024
Since the good old days when anyone could successfully mine Bitcoin on their PCs are long gone, the entire industry has undergone a significant transformation. Growing competition from larger mining entities has gradually made individual mining more challenging, even for those who managed to stay...
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
2.7.2024
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that...
Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations
27.6.2024
In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s...
JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal
25.6.2024
Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion...
Marathon’s BTC mining is heating an entire town in Finland
21.6.2024
Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving
Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million
18.6.2024
Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5...
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
17.6.2024
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since...
Deutsche Telekom announces Bitcoin mining plans at BTC Prague
15.6.2024
Deutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on Fetch.ai’s decentralized blockchain
Marathon Digital misses Q1 estimates on bad weather, utility failures
10.5.2024
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
8.5.2024
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were previously hosted at the Kearney and Granbury sites....
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
2.5.2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall...
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
30.4.2024
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging...
‘Epic Satoshi’ From Bitcoin’s 4th Halving Fetches Over $2.13 Million at Coinex Auction
25.4.2024
The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. This satoshi, the smallest denomination of BTC, was sold for...