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CleanSpark to raise $550M via bond, not buy BTC with proceeds

[Dec 13 7:18 PM] CleanSpark joins the crowd in raising funds through convertible notes, but doesn't plan to invest the proceeds.

Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

[Aug 23 4:30 PM] On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from…

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

[Jul 4 9:45 AM] Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash…

Unveiling Bitcoin’s Drop To $65,000: Here’s How Much BTC Miners Sold

[Jun 15 5:30 AM] Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from…

Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?

[Jun 14 5:32 AM] Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.

Bitcoin’s Runes Protocol Hype Falls Short: Significant Drop in Activity and Fees

[May 18 8:20 AM] It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly…

Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

[May 16 5:24 AM] According to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The recent rise in bitcoin’s…

Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value

[May 1 1:47 PM] In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded…

Bitcoin Demands Exceeds Miner Supply By 1,300%, Why A Push To $237,000 Is Possible

[Feb 23 12:00 PM] As the Bitcoin Halving draws nearer, there is so much optimism about what could happen to Bitcoin’s price in the aftermath of this event. This optimism is further heightened by a recent development showing how Bitcoin’s demand far outpaces its…

Bitcoin Miner Reserves Drop To June 2021 Levels, What This Means For Price

[Feb 7 6:30 PM] Bitcoin miner reserves can often be a tell for where the market could be headed next due to their large holdings. These reserves going up or down can pinpoint how miners are looking at the market, and a drop in their reserves can be bad for the BTC…

Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?

[Oct 30, 2023 1:00 PM] A solo Bitcoin miner has struck gold after successfully claiming a $200,000 block reward. The considerable achievement has captured the attention of fellow miners and crypto enthusiasts, highlighting the potential for lone miners to effectively…

By The Numbers: Bitcoin Hashrate Poised To Complete 100% Growth In 2023

[Oct 16, 2023 4:00 AM] As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network’s hashrate has seen exponential growth, with this key indicator poised to experience an 100% increase (from the beginning of the year) before the year…

Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges

[Sep 1, 2023 8:30 AM] While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an…

Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction

[Jul 9, 2023 4:30 PM] According to data recorded on July 9, 2023, Bitcoin’s next difficulty adjustment is estimated to rise between 4.74% and 7.7%, erasing the 3.26% reduction that occurred on June 28. Moreover, the total network hashrate achieved a 24-hour…

Microbt Unveils New Whatsminer Bitcoin Mining Rig With 320 TH/s, Setting New Standard for Hashpower

[May 19, 2023 12:30 PM] During the Bitcoin 2023 conference in Miami, bitcoin mining rig producer Microbt unveiled three new additions to their Whatsminer series. The latest Whatsminer models, namely the M50S++, M53S++, and M56S++, boast hashpower ranging from 150 terahash…

Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus

[Apr 21, 2023 12:30 AM] Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a…

Bearish Signal: Bitcoin Miners Dump 7,700 BTC In One Week

[Nov 16, 2022 5:00 PM] Bitcoin miners are usually some of the longest holders of BTC but that is usually when the bull market is in full swing and they do not have to worry about cash flow. Currently, the cash flow on bitcoin miners has plummeted and as the price of the…