Mining
HIVE Digital shares rose after the company announced a 23% year-over-year increase in its bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its Bitcoin (BTC) holdings have increased by more than 20% year-over-year.…
Iranian authorities have confirmed that around 240,000 cryptocurrency mining rigs have been seized over the past three years, state-owned electricity company Tavanir said on Sunday, expressing dissatisfaction with the current state of the country's energy sector. Iran has reportedly been facing…
Bitcoin’s hash price — the estimated profit made from working 1 petahash per second (PH/s) of mining power — has fallen from $53.13 per petahash to a current $49.81 over the past seven days. At the same time, Bitcoin’s total hash…
DETROIT, March 5 (Reuters) – U.S. authorities have begun returning confiscated Chinese-made cryptocurrency mining equipment in recent weeks, according to two industry executives. Cryptocurrency miners are advanced computers with high-performance chips that compete with each other to solve mathematical problems. The…
Riot Platforms mined 470 Bitcoin in February 2025, up 12% year-on-year despite an 11% decline from January. Riot continues to strengthen its Bitcoin holdings and operational strategies, balancing efficiency gains with market challenges. Riot Platforms has once again made headlines in…
The largest U.S. cryptocurrency mining companies listed on Wall Street reported a decline in Bitcoin (BTC) mining in February compared to January, mainly due to the short month and network difficulties. Moreover, the decline in revenue was affected by the sharp…
Hut 8 Corp. reported $80.7 million in cryptocurrency revenue for 2024, thanks to its Bitcoin mining and GPU-as-a-service business. The company increased its Bitcoin holdings to 10,171 BTC and signed a $125 million deal with Bitmain. Hut 8 Boosts Bitcoin Mining…
MARA Holdings' blocks won, but bitcoin production volume – two key indicators of mining efficiency – fell 6% month-on-month in February, the bitcoin miner said in a press release on Tuesday. MARA said the decline was due to increased network complexity…
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…