AI Integration and Acquisitions Reshape the Bitcoin Mining Industry
TL;DR The Bitcoin mining industry is adapting to rising operational costs and the impact of the April 2024 halving, with the average cost to produce...
Tag : Mining
Bitcoin Miners Face Challenging October: Only Riot, Galaxy, and Core Scientific Post Gains
by jose
TL;DR Challenging Month for Bitcoin Miners: October was tough for Bitcoin miners, with many struggling to stay profitable despite a modest 4.5% drop in Bitcoin’s...
Bitcoin Hashrate Hits All-Time High Amid Bearish Market Conditions
by jose
TL;DR Record-Breaking Hashrate: The Bitcoin network’s hashrate hit an all-time high of over 742 exahashes per second on September 11, showcasing increased computational power despite...
IMF Proposes Electricity Tax to Curb Carbon Emissions from Crypto Mining and Data Centers
TL;DR Cryptocurrency mining and data centers account for 2% of global electricity consumption and nearly 1% of carbon emissions. These figures are expected to rise...
Bitcoin Miners Navigate Post-Halving Landscape: Accumulation vs. Liquidation
by jose
TL;DR Halving Impact: The recent Bitcoin halving event in April reduced mining rewards from 6.25 BTC to 3.125 BTC, creating operational challenges. Smaller miners, with...
Bitcoin Production Costs Surge Post-Halving: Concerns Rise Over Network Centralization
TL;DR The increase in Bitcoin production costs post-halving is causing concern among the mining community and investors. The average production cost of one BTC exceeds...
Core Scientific Returns to Nasdaq After Bankruptcy and Debt Restructuring
by jose
In a significant development, Texas-based Bitcoin mining company Core Scientific has announced its return to Nasdaq for trading. This marks the first time the company...
Celsius Network to Become a Bitcoin Mining Company After Court Approval
by jose
Celsius Network, a cryptocurrency lending platform that filed for bankruptcy in July 2022, has received the green light from a court to pursue a new...
Phoenix Group Dominates in its IPO: Rises 50% On First Day of Trading
Phoenix Group, a firm dedicated to cryptocurrency mining and blockchain technology, experienced a significant 50% increase in the value of its shares on its first...
USBTC Acquires Celsius Network’s Miners in a Landmark Deal
by jose
US Bitcoin Corp (USBTC), a leading Bitcoin mining company in North America, has announced a major deal with Celsius Network, a crypto lending platform that...
