Mining
HIVE Digital Technologies (NASDAQ: HIVE) has completed a deal to purchase Bitfarms Ltd.’s 200-megawatt Yguazú hydroelectric power plant in Paraguay. The move will increase the company’s mining capacity by 317%, from 6 exahashes per second (EH/s) to an expected 25 EH/s…
Stablecoin giant Tether has increased its stake in Bitcoin mining company Bitdeer (BTDR), according to a new filing with the US SEC. The document states that Tether and its subsidiaries now own a total of 31,891,689 Class A common shares in…
Bitcoin's hashrate has made an impressive recovery from its 752 exahash per second (EH/s) drop on February 25 and is now at 819.65 EH/s, despite a significant drop in revenue in March. Revenues are falling, hashrate is growing The network hashrate…
Bitcoin mining company Bitfarms today announced it has completed its acquisition of Stronghold Digital Mining, giving it an additional 1.1 gigawatts of capacity across three Pennsylvania sites and increasing its presence in the PJM market. Under the terms of the deal,…
The Bitcoin network hashrate increased by 2 exahashes per second (EH/s) in the first two weeks of March, averaging 811 EH/s, according to a research report from Wall Street bank JPMorgan released on Monday. JPMorgan noted that the share of miners…
Hive Digital CEO Frank Holmes said the company plans to increase its capacity by more than 400% through its initiatives in Paraguay, a country with ample hydroelectric resources for the company's needs. Hive Digital Announces 400% Expansion in Paraguay Hive Digital,…
According to a recent study, Bitcoin mining companies that are privately held or traded on the stock market now hold more than 100,000 BTC. However, there is one problem – these firms have also accumulated a significant debt of $4.6 billion.…
Securitize announced that BlackRock's tokenized money market fund BUIDL is now available on the Solana platform, marking the fund's next step in embracing blockchain-based financial technology. The extension makes BUIDL available on seven different blockchains, including Ethereum, Polygon, Aptos, Arbitrum, and…
Bitdeer Technologies Group announced that its SEAL03 chip has achieved a record efficiency of 9.7 joules per terahash (J/TH) in testing, and also confirmed its intention to begin mass production of Sealminer A3 mining rigs in late 2025. With 9.7 J/TH…
Wall Street bank JPMorgan (JPM) has updated its forecasts and price targets for Bitcoin (BTC) miners based on fourth-quarter 2024 results, as well as fluctuations in Bitcoin prices and network hashrate. JPMorgan upgraded IREN (IREN), its top pick in the space,…
Bitdeer Technologies (BTDR) has increased its Bitcoin (BTC) holdings by nearly 75% in two months by moving some of its mining rigs into its own production after customers asked to defer payments for SEALMINER A2 units during the cryptocurrency's biggest price…
Bitcoin's decline to $77,700 has miners facing increasing financial difficulties, prompting a significant increase in their transfers to crypto exchanges. Miner selling is increasing, according to blockchain data from CryptoQuant, as historical market patterns predict further price declines until strong buying…