Bitcoin Mining Profitability Hits Record Lows Amid Soaring Difficulty and Costs
TL;DR Bitcoin mining profitability reached historic lows on August 5, with a “hash price” below $36 per PH/s. Major mining companies are adopting various strategies...
Tag : Bitcoin Mining
Swan Bitcoin Accelerates Mining Expansion Ahead of Halving
Swan Bitcoin, a BTC-focused financial services firm, has unveiled its new mining business unit called Swan Mining. The unit has already reached a computing capacity...
CoinShares Predicts Profitability Challenges for Bitcoin Miners Post-Halving
A recent report from CoinShares presents a cautious outlook on the profitability of Bitcoin miners after the upcoming Halving, scheduled for late April. According to...
Phoenix Group Expands Its Bitcoin Mining Portfolio with $187 Million Acquisition
by jose
Phoenix Group PLC, a cryptocurrency mining and blockchain firm listed on the Abu Dhabi securities market, has acquired new Bitcoin mining machines from Bitmain Development...
Bitcoin Miners Earn Record Profits Amid Crypto Boom
by jose
Bitcoin miners have recently hit a record high, earning an impressive $44 million in a single day. This significant achievement comes amid a period of...
Marathon Digital Receives Investigative Subpoena from the US SEC
According to its recent 10Q filing, Marathon Digital, a publicly traded Bitcoin (BTC) mining platform has been issued an investigative inquiry from the Securities and...
WEF Video on Crusoe Energy Mining Operations Omits the B-Word
A recent video posted by the World Economic Forum (WEF) discussed how crypto miners can assist oil and gas companies reduce the amount of waste...
TeraWulf Launches First-Ever Nuclear-Powered BTC Mining Facility
The United States has launched its first-ever nuclear-powered Bitcoin (BTC) mining facility. According to TeraWulf, a U.S.-based infrastructure-focused Bitcoin mining company, its 50-MW stake in...
Core Scientific Strikes Deal with NYDIG to Offset its $38.6M Debt
Bitcoin (BTC) mining company Core Scientific has announced its deal with crypto investment firm NYDIG which will see it significantly lower its debt to the...
Blockstream Secures $125M to Increase Mining Capacity for Institutional Miners
Blockstream, a bitcoin infrastructure company has received $125 million in a new fundraiser to increase its mining operations for large-scale bitcoin miners. The funds were...
