Mining
The combined market capitalization of 14 U.S. public miners overseen by Wall Street bank JPMorgan (JPM) fell 22% in February as the price of Bitcoin (BTC) fell and the economics of mining struggled. The bank noted that shares of high-performance computing…
According to the company's latest financial report, mining firm Hut 8 recorded a net profit of $331 million for 2024. The organization has benefited significantly from the increase in the price of Bitcoin over the past year. Hut 8 ended the…
HIVE Digital aims to quadruple its hashrate by September 2025, which could put it in the top 10 public Bitcoin miners by volume. At the same time, the company is targeting $100 million in annual revenue in the HPC space. Is…
CleanSpark delivered impressive financial results for the quarter, but its market metrics did not show similar strength. This analysis looks at key financial metrics, operating data, and strategic directions to get a complete picture. CleanSpark Review: Efficient Execution Amid Market Uncertainty…
Public Keys is a new weekly review from Decrypt that tracks the most important publicly traded crypto companies in the crypto space. The term can cover a wide range. It includes crypto exchange Coinbase, Michael Saylor’s Bitcoin accumulation strategy, Jack Dorsey’s…
The latest data shows that Bitcoin's hashrate has dropped below 800 exahashes per second (EH/s), which coincides with a 30-day low in mining revenue, commonly referred to as hashprice. As of Friday, hashprice is just below $50 per petahash per second…
Bitdeer has seen increased activity in recent days as the company takes strategic steps in the face of declining revenues and continues to implement its long-term plans. Singapore-based Nasdaq-listed Bitdeer acquired 100 bitcoins in two transactions this week. On February 25,…
Miner Extractive Value. This phrase represents one of the most significant fundamental risks that exist for blockchain systems. The original idea of blockchain was to have incentives for miners (or other consensus participants responsible for ordering transactions) to earn income based…
HIVE Digital is starting construction of a 100 MW hydroelectric power plant for Bitcoin mining in Paraguay to increase its mining capacity. The company expects the hashrate to increase by 6.5 EH/s, bringing the total capacity to 12.1 EH/s after the…
Bitcoin mining has become less difficult amid the recent decline in cryptocurrency markets, although industry experts believe the situation is unlikely to last. Network difficulty fell Sunday from more than $114 trillion to $110.5 trillion, according to data provider CoinWarz .…
Genesis Digital Assets Limited (GDA) is expanding its Bitcoin (BTC) mining operations in West Texas, increasing the capacity of its facilities in Pyote and Vernon by 50 megawatts (MW). GDA is a privately held organization with offices in the United Arab…
Shares of leading publicly traded Bitcoin (BTC) miners fell this week as the oldest cryptocurrency continued its slide, falling below the important $90,000 mark. Widening net losses and increased competition saw the worst-performing stocks lose nearly 30% in a single day.…