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Browsing Category
Mining
Bitcoin’s $7K Drop Sends Miner Revenues to April Lows
On Tuesday, bitcoin’s spot price slipped more than 5% against the U.S. dollar, wiping out more than $7,000 in value since the day’s first trade. The drop hit miners right in the hashpower—revenues…
Hut 8’s Tuesday Tumble Misguided and a Buying Opportunity: Benchmark
Hut 8's (HUT) Tuesday third quarter earnings report showed record revenue and solid profitability, but the stock tumbled nearly 13% after investors were let down by the lack of an AI hyperscaler…
Esports Giant Ninjas in Pyjamas Expands Bitcoin Operation, Aims to Mine $16M in BTC Monthly
NIP Group, the parent company of the long-running esports team brand Ninjas in Pyjamas, is doubling down on Bitcoin, revealing plans to expand its mining operation. As a result, NIP Group hopes to…
Forget Crypto — Bitcoin Miners Just Became America’s AI Powerhouses
Bitcoin mining companies are experiencing unprecedented stock rallies as they pivot to AI infrastructure, with IREN securing a $9.7 billion data center agreement with Microsoft. The shift comes as…
Cango Mines 602.6 BTC in October, Total Holdings Surpass 6,400 Bitcoin
Key Notes The company's total Bitcoin holdings reached 6,412.6 BTC by month-end, surpassing the 6,000 BTC milestone with no plans to sell. Cango will terminate its ADR program on November 14 and list…
Zcash Hashrate Hits Record High as Miners Cash In on Rally
New figures reveal that mining the privacy coin zcash (ZEC) has become a serious money-maker after the digital asset’s price rocketed more than 200% this month. The rally lit a fire under miners,…
Du becomes UAE’s first telecom to enter crypto mining
du, one of UAE’s telecom and digital services provider, has launched its Cloud Miner service offering UAE residents the opportunity to mine crypto by renting computational power on a subscription…
New Hampshire Senate stalls crypto mining deregulation bill after split vote
A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it…
Bitcoin Miners Feel the Heat After 6.31% Difficulty Jump and Falling Hashprice
Bitcoin miners just got hit with a hefty 6.31% bump in difficulty this week, pushing the rating to a hefty 155.97 trillion. Even so, miners kept the hashrate roaring above the 1,100 exahash per…
MARA’s Exaion deal could bar EDF from Bitcoin mining, AI and cloud for two years: Report
Key Takeaways Investigative journalists uncovered a hidden clause in the sale agreement between Électricité de France and MARA. The deal would restrict the state energy giant's ability to engage in…