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Mining
Democratic National Committee Chair Met With Bitcoin Miner Marathon, Exec Says
Marathon Digital executives met earlier this month with Democratic National Committee Chair Jamie R. Harrison and his advisors, the Bitcoin mining firm’s Senior Vice President of Government Affairs…
Largest Bitcoin Miner on Wall Street Faces 20% Price Cut despite High BTC Production
Bitcoin (BTC) mining profitability experienced a slight decline in July compared to the previous month, according to a recent report from investment bank Jefferies. The analysis points to a drop in…
Hut 8 Reports $71.9M Q2 Loss Despite 72% Surge in Bitcoin Mining Revenue
Hut 8 Corp. (HUT), a leading North American Bitcoin miner, announced its financial results for the second quarter ending June 30, 2024. The company reported a net loss of $71.9 million despite a 72%…
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
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…
Bitcoin mining is in peril, but Trump can save it by keeping this campaign promise
Bitcoin miner centralization threatens Bitcoin, but former President Donald Trump’s pledge to slash energy prices can ensure its decentralization. Bitcoin mining pools, the majority of Bitcoin mining…
Bitcoin Faces Miner Capitulation Amid $60K Resistance, Large Miners Accumulate
As of recent data, Bitcoin has been trading close to the $59,000 range. Despite some miner capitulation, substantial accumulations were noted among larger mining entities. Bitcoin experienced…
Bitcoin Miners Could Unlock $38 Billion in Revenue With AI and HPC Shift
VanEck, an asset management firm, predicts that Bitcoin miners could unlock up to $38 billion in revenue by shifting 20% of their operations to artificial intelligence (AI) and high-performance…
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
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…
Bitcoin advocate rebuts IMF Report on crypto carbon emissions
A recent International Monetary Fund report claiming a surge in carbon emissions from AI and crypto usage has sparked a rebuttal from Bitcoin advocate Daniel Batten. The report suggests that…
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling…