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Mining
Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says
Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, the report said. U.S. miners' share of the Bitcoin network hashrate rose to a new record high…
Airbnb host: Come for the stay, leave with $100k in crypto
An Airbnb host has added an unusual new rule after discovering her guests had been mining crypto at her property. The host, Ashley, shared on TikTok that her guests left the house in great condition…
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
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…
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
Bitcoin mining was marginally less profitable last month, the bank said. Jefferies cut its Marathon Digital price target to $17 from $22. U.S-listed mining companies produced a larger share of bitcoin…
Iran offers $20 to report on shady crypto miners amid ongoing power crisis
Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for…
Bitcoin Miners Sell Off Bitcoin to Stay Afloat as BTC Price Wavers
The plunge in Bitcoin’s price, combined with a substantial increase in mining difficulty, has Bitcoin miners sweating as they fight to keep their heads above water—with the network’s guardians…
Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal
Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of…
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
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…
Power Law predicts Bitcoin block rewards to hit $5.5 million within 10 years
Bitcoin block rewards will likely evolve significantly over the coming decade, driven by substantial shifts in Bitcoin prices and fee changes. One popular model for projecting future prices is the…
Bitcoin mining analyst reaffirms CleanSpark stock as Buy
CleanSpark stock has the potential for an upside despite the mixed earnings in its most recent financial report. H.C. Wainwright analyst Mike Colonnese reiterated the firm’s “buy” rating with a $27…