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OpenAI may not turn a profit until 2029 despite rapid growth
10.10.2024
Despite increasing revenue, OpenAI is expected to continue operating at a loss until 2029, as the cost of scaling advanced AI models remains steep
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
8.10.2024
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...
Tron Network posts record $577M revenue in Q3
3.10.2024
The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market
September Slump: Bitcoin Miners See 2024’s Lowest Revenue
1.10.2024
According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September, Lowest Monthly Total of 2024 September was a tough...
Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month
29.9.2024
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024...
Hut 8 Launches GPU-as-a-Service Vertical, Deploys 1,000 Nvidia GPUs
26.9.2024
Hut 8 Corp. has officially launched its GPU-as-a-service vertical, marking a significant step in the company’s diversification efforts. The deployment includes 1,000 Nvidia H100 graphics processing units (GPUs), hosted in a Chicago-based tier-three data center, for an artificial intelligence...
Hong Kong’s Crypto Securities Activities Revenue Was $77M Yuan in Q1 2024
26.9.2024
Hong Kong‘s crypto activity in the securities industry has generated a revenue of $77 Million Yuan in the…
The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles
21.9.2024
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in...
Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
20.9.2024
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
20.9.2024
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
AI agents could be policing all crypto txs within 5 years: Chainalysis CEO
20.9.2024
Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers
Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls
11.9.2024
On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin...
Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
8.9.2024
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes Another Hashrate Record, Climbing 66 EH/s in a Week...
Elon Musk denies Tesla will pay xAI for AI technology partnership
8.9.2024
The clarification comes after a news report stated Musk’s AI startup has discussed sharing its technology with Tesla and in return would earn revenue from the carmaker.
Bitcoin Miner Iris Energy Increases Mining Output by 10%
5.9.2024
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining...
Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss
4.9.2024
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice...
Ethereum layer-1 network revenue collapses. What's causing it?
2.9.2024
Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal
Bitcoin miners see worst revenues in 11 months as difficulty climbs
2.9.2024
August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
1.9.2024
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops...
Why crypto miners are ditching debt for equity
30.8.2024
Crypto miners are moving away from debt and embracing stock dilution to fuel their AI and HPC ambitions, but the payoff is still uncertain