Mining
AI infrastructure company CoreWeave's (CRWV) acquisition of Core Scientific (CORZ) will raise the floor for Bitcoin's valuation. BTC mining stocks are valued at $109,185.55, but a repeat is unlikely, Wall Street bank JPMorgan said in a research report on Tuesday. “As…
Key moments in history Tether is pouring billions of dollars into mining at more than 15 sites around the world, aiming to become the leading Bitcoin miner by the end of the year and protect its BTC-backed reserve assets. The GENIUS…
Brokerage firm HC Wainwright has cut shares of bitcoin mining company Core Scientific (CORZ) to “neutral” from “buy,” citing increased risk exposure following the recent announcement of a deal with AI cloud services provider CoreWeave (CRWV). The broker also removed its…
In the fast-paced world of digital assets, few announcements resonate as much as those that highlight a company’s unwavering commitment to the core principles of cryptocurrency. Recently, Canaan (CAN), a well-known Nasdaq-listed Chinese manufacturer that specializes in cryptocurrency mining hardware, made…
The cryptocurrency space is constantly brimming with innovation and growth, but every now and then a company truly stands out from the rest. Iris Energy (NASDAQ: IREN), a prominent player in the Bitcoin mining space, just reported some truly impressive results…
Bitcoin miner BitFuFu (FUFU) produced 445 bitcoins in June, up 11.3% from May, as the company expanded its infrastructure across five continents. The Singapore-based miner’s total hashrate under management rose to 36.2 exahashes per second (EH/s), up 6.2% from the previous…
In June, CleanSpark (CLSK) reached 50 EH/s, expanding its operations into four states in the U.S. and increasing its fleet's average efficiency to 16.15 joules per terahash (J/TH). The Las Vegas-based company mined 685 BTC last month, bringing its total annual…
CoreWeave (CRWV), a company developing infrastructure for artificial intelligence, has decided to buy Bitcoin. BTC miner Core Scientific (CORZ) has completed a $108,156.11 deal to acquire CORZ shares, valuing them at approximately $20.40 per share based on recent closing prices. The…
Russia is stepping up its fight against illegal crypto miners by creating a national registry of mining equipment that will help identify unreported transactions. According to local media, Russian authorities have already developed the register and distributed it to regions with…
Cardano founder Charles Hoskinson estimated that the cost of electricity that Satoshi Nakamoto, the leading cryptocurrency's mysterious co-founder, spent to mine 1 million BTC would have been less than $3,700. Hoskinson presented three different scenarios that demonstrate how much electricity it…
Bitcoin's hashrate continues to grow, adding 88 exahashes per second (EH/s) over the past 11 days after dropping to 810 EH/s on June 24. At the same time, miners are seeing an 11.62% increase in profitability compared to the previous month.…
Russian President Vladimir Putin has commented on the growing energy deficit that has arisen due to the rapid growth of digital currency production, as well as the gradual ban on cryptocurrency mining across the country. Putin's comments on the matter come…