Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them...
Mining
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has...
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of...
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of...
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9...
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second...
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW)...
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research...
Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor
Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor....
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average...
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line...
Auradine Ships 3nm Teraflux Bitcoin Mining Platform
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer...
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with...
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts...
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains
Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power...
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According...
Greenidge Expands Bitcoin Mining Operations in Mississippi
Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went...
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and...
Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214...
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in...
Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June
Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of...
