Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
[Nov 5, 2024 11:23 AM] The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
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Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival
[Nov 4, 2024 10:30 PM] Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable…
'There's No Catch': Bitcoin Mining Startup Promises Free Money to Renewable Energy Companies
[Nov 4, 2024 8:03 PM] Bitcoin mining provides an opportunity for independent power producers to sell their electricity on a worldwide market, according to Sangha Renewables President Spencer Marr.
Deutsche Telekom ventures into Bitcoin mining with renewable energy
[Nov 4, 2024 12:57 PM] Europe’s biggest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources that would otherwise go unused.
Bitcoin Mining Stocks Take a Dive – But Monday Could Change the Game for These Players
[Nov 4, 2024 12:30 PM] It’s been a rough week for bitcoin mining stocks, as nine out of the top ten publicly listed miners have seen declines ranging from 2.07% to 19.65%. This Week Applied Digital Leads Declines in Bitcoin Mining Sector, Hut 8 Only Gainer With…
The US Election is Just Days Away: Which Party is Best for Bitcoin Mining Stocks?
[Nov 2, 2024 4:10 PM] Ever wondered how U.S. presidential elections impact the stock market? We explore historical trends, stock market predictions, and Bitcoin price movements under different administrations. The following guest post comes from Bitcoinminingstock.io…
Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners
[Nov 1, 2024 9:10 PM] Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm. A New Deal Between Canaan and Cleanspark According to the announcement, the bitcoin miners…
Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds
[Nov 1, 2024 7:14 PM] The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.
Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan
[Nov 1, 2024 2:57 PM] The network's monthly average hashrate surged to a record high, the report said.
Sazmining Brings Bitcoin Mining-Powered Sustainable Heating to a Norwegian Town
[Nov 1, 2024 8:30 AM] Sazmining, a green Bitcoin mining company with operations in Wisconsin and Paraguay, aims to improve the heating business using mining as a key element. The company reported that it is currently working on substituting the traditional petrol-based…
Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs
[Oct 31, 2024 6:30 AM] Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining…
Russia to Ban Crypto Mining in Key Regions as Energy Shortages Intensify
[Oct 30, 2024 10:30 PM] Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy…
Bitcoin miners cut costs, embrace AI post-halving: CoinShares
[Oct 29, 2024 7:52 PM] Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at 'Overweight'
[Oct 29, 2024 2:45 PM] The broker initiated coverage of HIVE with an overweight rating and $9 price target.
Bhutan gov’t sells $66M of Bitcoin stash as price tops $71K
[Oct 29, 2024 11:36 AM] Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.
An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village
[Oct 28, 2024 3:55 PM] Sazmining launches a bitcoin (BTC) mine in Norway that will heat a building, aiming to demonstrate sustainable mining benefits despite past regulatory concerns.
BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies
[Oct 28, 2024 11:06 AM] The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.
Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis
[Oct 27, 2024 10:35 PM] Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining…
A New Approach to Analyzing Operational Efficiency of Bitcoin Mining Companies
[Oct 26, 2024 9:20 PM] Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top…
TeraWulf to raise $350M in convertible notes for share repurchase
[Oct 24, 2024 11:28 AM] TeraWulf’s focus on raising capital through institutional buyers suggests confidence in its future despite volatile cryptocurrency markets.
Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes
Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago
[Oct 23, 2024 1:52 PM] AI clusters and bitcoin mining operations have vastly different needs. Core Scientific's chief development officer gets down to the nitty gritty.
BitFuFu boosts Bitcoin mining with first physical facility in Ethiopia
[Oct 22, 2024 4:47 PM] BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio.
Bitaxe And The Open-Source Bitcoin Mining Movement
[Oct 22, 2024 2:41 PM] Company Name: BitaxeFounders: SkotDate Founded: Early 2023Location of Headquarters: North Carolina + remote teamAmount of Bitcoin Held in Treasury: N/ANumber of Employees: ~12 regular contributorsWebsite: https://bitaxe.org/Public or Private?…
Northern Data Considers Selling Crypto Mining Unit to Fund AI Venture
[Oct 22, 2024 10:00 AM] Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale…
Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership
[Oct 21, 2024 9:30 PM] Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency…
Mining PAC launches ad for Ted Cruz as early voting begins in Texas
[Oct 21, 2024 9:26 PM] More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025.
Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC Holdings
[Oct 21, 2024 7:45 PM] Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at…
Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity
[Oct 21, 2024 4:30 PM] On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently. Bitcoin Miner To Exchange Transactions Metric Has Just Seen A Spike As pointed out by CryptoQuant author IT Tech in…
Bitcoin hashrate hits all-time high, boosting network security
[Oct 21, 2024 8:51 AM] The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.