Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the…
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Bitcoin Sees Longest Miner Consolidation Period Since Trading Near $16K
While the effects of the fourth halving slowly set in, Bitcoin miners appear to be selling less and holding onto more BTC after the recent block reward reduction. In fact,…
Bitcoin Miners Report Declines in Production as Profitability Slumps
One of America’s largest crypto mining companies, Hut 8, has reported a sharp drop in proprietary production for April, according to a company announcement on May 6. The firm reported…
Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime
The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is…
Bitcoin Miners Increase Selling Activity as BTC Demand Growth Slows Down: CryptoQuant
CryptoQuant analysts have found that Bitcoin miners have increased their selling activity in the last month amid slow demand growth for BTC. According to the latest CryptoQuant weekly report, the…
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP…
Bitcoin Miner Revenue Drops To Yearly Lows: Will They Capitulate?
Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins raise questions about…
Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings
This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming…
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure…
Solo Bitcoin Miner Secures Entire 3.125 BTC Block Reward
A Bitcoin miner defied the odds by independently solving a network block 841,286, which allowed them to acquire a full 3.125 BTC reward. The fourth Bitcoin halving took place on…
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