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Mining
Cango’s EcoHash Starts Commercial GPU Compute at Georgia Site
Cango said on September 3 that its EcoHash subsidiary had started commercial GPU computing at the Bitcoin miner’s Georgia facility. According to the company’s announcement, EcoHash completed…
Zcash Price Spike Fuels Massive Mining Profits and Hashrate Boom
Zcash Price Blasts to $979 as Mining Power Hits Peak Levels On Thursday, $ZEC’s price soared to a new zenith, reaching $979 and rising nearly 17% during the last day. Over the past two weeks, $ZEC has…
Bitcoin Hashrate Enters First Bear Market as AI Pulls Miners Away
Twenty One CEO Warns Bitcoin Hashrate Is in Its First Bear Market Bitcoin mining may be entering territory the industry has never seen before. Rapha Zagury, CEO of Tether-backed bitcoin treasury…
Bitcoin Miners Pocket $1B in August, but Halving Pain Still Lingers
Bitcoin Miners Pocket $1 Billion as Hashprice Finds Relief Bitcoin miners took in $1.001 billion in revenue in August, just the reward alone. Separately, transaction fees accounted for $7.1 million or…
Hyperscale Data AI transition ends Bitcoin mining for $1.2B AI deal
Hyperscale Data has pulled the plug on Bitcoin mining at its Michigan facility, marking one of the clearest signals yet that the company’s Hyperscale Data AI transition is now fully underway. The NYSE…
Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse
Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI. The seven-day network average stood near 914 exahashes per second on Aug. 31, about 20.6% below its October…
Bitcoin Mining Hashrate Nears 1 ZH/s as AI Data Centers Squeeze Miner Profits
Bitcoin’s network computing power is pushing back toward record territory near one zettahash per second, but the milestone is adding pressure to miners already dealing with thinner economics and…
Bitcoin Miner Bitdeer Overtakes MARA, Establishing Hash Rate Lead: JPMorgan
Bitcoin miner Bitdeer has overtaken MARA in terms of self-mining hash rate among publicly traded companies, establishing itself as an industry leader within the past month, according to JPMorgan…
American Bitcoin surpasses 6,000 BTC milestone worth $411M
American Bitcoin, a Nasdaq-listed Bitcoin mining firm, said its Bitcoin holdings have surpassed 6,000 $BTC. Arkham data shows the company currently holds 6,072 $BTC valued at approximately $411…
Major Russian broker Finam plans to launch crypto mining fund as soon as this week
Finam, one of the largest brokers in Russia, has registered a new crypto mining fund with the central bank and aims to start share trading on the Moscow Exchange as soon as this week, Finam President…