[Apr 13, 2024 7:33 AM] Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the…
[Apr 12, 2024 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…
[Apr 12, 2024 12:14 PM] As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows…
[Apr 11, 2024 7:43 AM] Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the…
[Apr 1, 2024 9:02 AM] In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past…
[Mar 26, 2024 7:30 AM] This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year…
[Mar 21, 2024 7:05 AM] Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased…
[Mar 15, 2024 8:30 AM] The Nasdaq-listed mining enterprise Applied Digital has concluded a definitive pact for selling its 200-megawatt (MW) mining facility in Garden City, Texas. Applied Digital disclosed that the transaction involves Marathon Digital Holdings acquiring…
[Mar 11, 2024 10:32 AM] Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared…
[Mar 11, 2024 7:05 AM] Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network…
[Mar 9, 2024 3:30 PM] Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday…
[Mar 5, 2024 6:30 PM] Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital…
[Feb 27, 2024 3:05 PM] On Tuesday, the publicly-listed bitcoin mining company Hut 8 revealed it has initiated construction of its new mining facility in Culberson County, Texas, with plans to have it operational by the second quarter. Hut 8 further unveiled a new…
[Feb 18, 2024 12:30 AM] In a recent report, the community-driven, nonprofit electric provider in Texas, Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations. These companies are eyeing a five-year…
[Feb 16, 2024 11:30 AM] This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational hashrate. Terawulf disclosed that its self-mining business has escalated to 7.6 exahash per second…
[Feb 14, 2024 3:30 PM] After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20%…
[Feb 13, 2024 6:30 AM] As bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value…
[Feb 8, 2024 4:30 PM] Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in…
[Feb 6, 2024 11:30 AM] The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations…
[Feb 1, 2024 10:30 AM] The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this…
[Feb 1, 2024 9:30 AM] Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the…
[Jan 27, 2024 12:30 PM] Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their…
[Jan 25, 2024 1:30 PM] The Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this…
[Jan 10, 2024 8:30 AM] Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading…
[Jan 7, 2024 12:30 PM] As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510…
[Dec 31, 2023 10:30 AM] In December, bitcoin miners garnered the highest monthly revenue of the year, amassing $1.51 billion. Additionally, this month marked a record in fee collection, with miners securing $324.83 million in onchain transaction fees. Bitcoin Miners Smash…
[Dec 31, 2023 8:30 AM] Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners…
[Dec 30, 2023 3:30 PM] On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. This transaction is anticipated to bolster the total equity of Bit Mining’s shareholders…
[Dec 30, 2023 8:00 AM] The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s…
[Dec 28, 2023 2:30 PM] In a significant shift within the bitcoin mining landscape, Antpool’s resurgence in 2023 has marked a notable trend in the consolidation of bitcoin rewards, surpassing Foundry USA in blocks mined. The Miner Mag’s recent analysis…
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