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Mining
BitMine Stock Soars 700% Within 24 Hours – Will Ethereum Treasury Strategy Make Another…
BitMine $BMNR has been on fire since Monday – after naming Fundstrat’s Tom Lee as Chairman, the stock skyrocketed. Now, it’s raising $250M for an Ethereum treasury strategy. Could this be the MicroStrategy of ETH? BitMine Bets Big on…
Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability
Bitcoin’s hashrate has picked up speed, adding 88 exahash per second (EH/s) over the past 11 days after falling to 810 EH/s on June 24. Meanwhile, miners are enjoying an 11.62% increase in profitability compared to a month ago. From Slump…
Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures
The summer heat is taking a toll on U.S.-based Bitcoin mining operations, with multiple public miners reporting lower realized hashrates in June due to curtailments to avoid high power costs and grid penalties. This article is from…
Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds
Bitcoin miners are earning the least they have in a year, yet most still largely refuse to part with their coins, according to a new report from Cryptoquant researchers. Cryptoquant Report Signals Resilience in Bitcoin Mining Sector Despite…
Public Miner Bit Digital Sunsets BTC Mining Operations for ETH Staking
Nasdaq-listed cryptocurrency firm Bit Digital, Inc. (BTBT) announced Wednesday it will fully transition from bitcoin mining to become a dedicated ethereum staking and treasury company. Bit Digital Transitions to Pure-Play Ethereum Staking…
Russia Predicted to Emerge as the Second Global Bitcoin Mining Power
The bitcoin mining industry in Russia has the opportunity to rise and secure the second spot in bitcoin hashrate, according to GIS Mining’s Vasily Girya. Even with the recent restrictions, Girya states that the entrance of new, larger…
From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining
The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local…
Bitcoin’s Hashrate Nosedives After Weekend High—Miners Feel the Squeeze
After attaining a peak of 946 exahash per second (EH/s), Bitcoin’s computational power has since receded beneath the 900 EH/s threshold, with corresponding mining profitability exhibiting a similar decline. Mining Pressure Mounts: Hashrate…
Trump’s Tariffs Just Reshaped Bitcoin’s Backbone
Three major Chinese bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating their production to the United States. This move allows them to circumvent the punitive tariffs imposed on Chinese imports. Chinese Trio…
946 Exahash—Miners Push Bitcoin to New Computational Heights Despite Pay Drop
At block height 901,152 on Friday, the Bitcoin network logged its 12th difficulty adjustment of the year, slipping a slight 0.45%, which lowered the difficulty to 126.41 trillion. The next day, Saturday, miners pushed the network’s…