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Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving


Figures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April 2024. During May, the collective revenue drawn in by miners reached an impressive $1.52 billion. Bitcoin Revenues Reach 13-Month High Bitcoin miners recorded their most...

Publicly Traded Bitcoin Miners Slide as Sector Sees Broad Losses


Bitcoin mining stocks experienced widespread declines Wednesday, with most major publicly traded firms in the sector in the red. Bitcoin Mining Stocks See Red Across the Board Galaxy Digital Holdings, leading by market capitalization at $6.64 billion saw its shares drop 11.33% this afternoon...

Bitcoin’s Hashrate Hits New Peak as Miners Ride Price Wave


Riding bitcoin’s climb to levels last glimpsed in early February, the network’s raw processing muscle has rocketed to a record-setting 929 exahash per second (EH/s), a horsepower figure that illustrates just how fiercely miners are competing to add the next block. Miners Power Up: Bitcoin Network...

US Bitcoin ETFs bought 6x more than BTC miners produced last week


Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week.The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset...

Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%


After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered miners a welcome moment of relief. Bitcoin Network Sees First Difficulty Drop After 4 Consecutive Rises Bitcoin’s difficulty declined for the first time...

Bitcoin miners should pay costs in depreciating currency — Ledn exec


Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin...

Bitcoin miners should pay costs in depreciating currency — Ledn exec


Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin...

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