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Browsing Category
Mining
This Wall Street Firm Says Best Bitcoin Mining Stock Isn’t a US Company
Among a slew of publicly traded Bitcoin mining companies, Cantor Fitzgerald says one firm in particular is being vastly undervalued by the market. In an equity research report last week, the veteran…
Bitcoin mining stalwart continues its facility-buying spree
CleanSpark CEO Zach Bradford has said his company would be one of the industry’s most active acquirers around the Bitcoin halving. He wasn’t lying. The Las Vegas-based company said Tuesday it has…
Georgia on the Digital Rise: CleanSpark Adds 60MW to Its Bitcoin Mining Arsenal
CleanSpark, a Bitcoin mining company, today announced that it has closed on a previously announced acquisition of 5 turnkey Bitcoin mining facilities in Georgia, with a combined total capacity of…
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
Bitcoin hashrate and difficulty may fall during the North American summer months as miners curtail some of their operations. Lower competition may provide some reprieve to miners who are already…
Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower
At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both…
Bitfarms stock: analyst reiterates Buy rating and $4 price target
HC Wainwright has reiterated a buy rating with a target price of $4 for the Bitfarms (NASDAQ:BITF) stock. According to HC Wainwright analyst Mike Colonnese, Bitfarms is currently one of the “most…
Chinese Telecom Giant Coolpad to Drop $13.5M on Bitcoin Mining Rigs
Chinese telecom provider Coolpad Group is making a major bet on Bitcoin mining, with an investment of about $13.5 million to purchase mining rigs for deployment in North America. According to a…
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit a record high in June, the report said. The bank noted that miners outperformed bitcoin on news of Core…
Ethiopia’s Power Deals with Chinese Firms Fuel Bitcoin Mining Boom
Ethiopia, Africa’s second-largest country, is witnessing a Bitcoin (BTC) mining boom fueled by power agreements with Chinese firms. Colin Wu, a prominent Chinese cryptocurrency journalist, reported…
ERCOT CEO: Texas’ Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining
Texas recently revised estimates of how much capacity its grid will need, citing demand from AI and bitcoin mining. The political climate towards these two industries is souring because of increased…