Mining
Shares of Singapore-based bitcoin miner Bitdeer fell on Tuesday after the company posted a $532 million loss for the fourth quarter amid efforts to develop its own mining chips. By Tuesday morning New York time, the company's shares had fallen 20%,…
Anyone who follows the public Bitcoin mining markets is aware that artificial intelligence (AI) and the move to high-performance computing (HPC) have become major trends among Bitcoin miners. What started as a slow trend last year has suddenly become a strategy…
Riot Platforms, a publicly traded Bitcoin (BTC) miner on Wall Street (NASDAQ: RIOT), reported record financial results for 2024, announcing $376.7 million in total revenue and $109.4 million in net income. These results were achieved despite significant challenges in the industry,…
Cryptocurrency mining company BitFuFu has acquired an Oklahoma data center for $20 million. The NASDAQ-listed company announced it had signed a definitive agreement, making it one of the key owners of an operating bitcoin mining facility, sources said. According to the…
Bitcoin mining is a complex business. When someone plans to use economic resources to mine traditional commodities such as gold, copper, or oil, prior exploration of these resources is always done to ensure that the investment in a mining project will…
After months of rapid expansion, Bitcoin’s hashrate growth slowed down in January, according to the latest report from TheMinerMag. The network’s difficulty saw its first decline since September, indicating that even though publicly listed companies have kept increasing their hash power,…
Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in…
The total hashrate of the U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) has almost doubled from a year ago and now accounts for about 29% of the global network, the bank said in a report on Tuesday. The combined hashrate…
Cryptocurrency analytics firm Alphractal has released a report addressing growing concerns in the Bitcoin mining sector, highlighting historical indicators, industry pressures, and the changing competitive landscape that could reshape the industry by 2025. According to Alphractal, key metrics show that Bitcoin…
Bitdeer, a U.S. bitcoin mining firm announced an increase in its bitcoin holdings to 833 BTC, reflecting a 28 BTC gain from the previous week. The latest update, confirmed on Feb. 14, excludes customer deposits, emphasizing the company’s growing reserves amid…
US-based crypto miners are facing delays in receiving ASIC mining hardware due to intensified scrutiny of shipments from China’s Bitcoin, the dominant supplier of Bitcoin (BTC) mining rigs. As Bloomberg News reported, industry executives said shipments of Bitmain machines have been…
U.S. Customs and Border Protection are reportedly seizing Bitcoin mining rigs. Among several promises made to the crypto industry on the campaign trail, President Donald Trump emphasized that he wanted Bitcoin to be “made in the USA.” But the U.S.’s desire…