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Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable

Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as…

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Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits

With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made…

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Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms

Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc.…

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Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering

Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in…

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Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal

Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge…

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MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin 

Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting…

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From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today

During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history,…

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Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14

Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time…

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Putin Signs Law to Regulate Crypto Mining in Russia

Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated…

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Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop

On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value…

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