Mining

Iran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh international sanctions and high inflation. But experts say it is still…

Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has dwindled in value due to severe inflation since at least 2019.…

Cango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its total installed hashrate to 50 EH/s.…

While daily income of Bitcoin miners dropped significantly in June, according to CryptoQuant data, selling pressure is not yet felt in the market. Despite the decrease in income, miners continue to…

One year after unsuccessfully trying to purchase Core Scientific (CORZ), cloud and AI infrastructure firm CoreWeave (CRWV) is again in talks with the bitcoin miner, according to the WSJ. Exact terms…

Bit Digital (BTBT) is changing course to become a dedicated ether ETH$2,432.91 staking and treasury operation, the company said Wednesday. The New York-based firm will exit the bitcoin…

Bitcoin miner and ASIC manufacturer Bitdeer Technologies (BTDR) has completed a $330 million private placement of convertible senior notes maturing July 1, 2031. The notes bear interest at 4.875% and…

Bitcoin mining firm Hut 8 (HUT) said on Tuesday that it expanded its bitcoin-backed credit facility with Coinbase Credit to $130 million, up from $65 million. The amended agreement also comes with a…

Momentum signals are also holding up. The Relative Strength Index (RSI) is sitting at 69, near overbought levels but still pointing to continued interest from bulls. A recent bullish cross in the…

Bitcoin BTC$105,283.79 mining profitability rose by 18.2% in May, due to a 20% increase in the BTC price and a modest 3.5% gain in the network hashrate, investment bank Jefferies said in a research…