Mining News
An Open Letter to President Biden Regarding Bitcoin Mining
As the CEO of CleanSpark, a publicly-traded bitcoin mining company with a background in the green energy sector, I write to bring your atten...
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generativ...
Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor
Bitcoin BTC $26,067 may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says. In its la...
Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite i...
Crypto Chaos: Over $4 Billion In Losses Plague 16 Bitcoin Mining Titans
Bitcoin mining, once a lucrative venture for cryptocurrency enthusiasts and institutional players alike, is now grappling with a significant...
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining r...
Bitcoin mining revenue just edges past year-long average
Quick Take Bitcoin miner revenue currently stands at approximately $25.5 million, marginally surpassing the 365-day Simple Moving Average (S...
Argo Blockchain cuts 2022 debt by half, down to $75M
The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecos...
Oman Ramps Up Crypto Investments to Become Digital Hub in the Middle East
Crypto News The Sultanate of Oman is intensifying its integration of cryptocurrencies, bolstered by a series of multi-million dollar investm...
Bitcoin Mining Complexity Hits Record High Despite Price Plunge
Following the BlackRock filing for a Bitcoin spot ETF that helped propel the market at the end of June, Bitcoin reached a YTD high just abou...
Bitcoin Hashrate Stays High Despite Hashprice Falling To Historical Lows
Data shows the Bitcoin mining hashrate has remained at high levels recently, despite the hashprice observing a deep plunge. Bitcoin Hashrate...
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
The next Bitcoin halving event is less than 9 months away and the consensus opinion among analysts and investors is that the halving will se...