Search
Bitcoin breaks 18-month hashrate uptrend. Are BTC miners capitulating?
14.6.2024
Despite the drop in hash rate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000
Bitcoin market shows resilience despite miner capitulation
13.6.2024
Bitcoin Halving happened a couple of months ago. It reduced the supply of Bitcoin ($BTC). Thereby making the token expensive for the community and reducing mining requirements for miners. Also, the Halving event slashed rewards for miners to bring down their profitability. This led to miner...
Bitcoin market in flux: Institutional investors, price drops, and miner capitulation
12.6.2024
Bitcoin has recently witnessed a whirlwind within the finance world, with a relatively stable price ranging from a support level of $66,177.99 to a resistance level of $67,597.89 at 9.08 AM (GMT). However, not all have been merry in the crypto market for BTC. With gyrating exchange rates, corporate...
Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January
7.6.2024
Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners...
Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer
6.6.2024
Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up...
Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
6.6.2024
Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month
Riot Platforms bounces after damning report claiming collapse
6.6.2024
Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital
Riot Platforms Falls After the Bitcoin Miner Is Targeted by Short-Seller Kerrisdale
5.6.2024
The short-seller has targeted MicroStrategy previously
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
5.6.2024
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas
Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave
4.6.2024
Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg
Bitcoin miner Core Scientific strikes $3.5B AI partnership
4.6.2024
Core Scientific expects that its AI collaboration with CoreWeave will generate $3.5 billion over 12 years from renting out 18% from its infrastructure
Bitcoin miner balances drop under the 1.81 million BTC bracket
3.6.2024
Bitcoin miner balances dropped below the 1.81 million BTC bracket following the halving, and the figure is the lowest for some time now. This signifies an economic struggle after the halving. Bitcoin miner balances have been on a roller coaster ride for a while now. The balance pertaining to miner...
Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins
2.6.2024
Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves...
Bitfarms Says Riot Bid 'Significantly Undervalues' Crypto Miner, Is Exploring Options
29.5.2024
Riot to acquire Bitfarms to establish the largest public Bitcoin miner
29.5.2024
Riot intends to take over Bitfarms at a price of $2.30 per share, with the goal of creating the largest ever publicly registered Bitcoin miner. The result will be a substantial premium on Bitfarm’s price—24%—which will be a boon to shareholders. Riot is presently the biggest shareholder...
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
29.5.2024
Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly...
Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute
28.5.2024
The hostile offer comes after a private offer to the board was rejected in April
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
26.5.2024
Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish...
Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects
24.5.2024
The company will help monetize stranded energy in the African country and help manage its renewable energy production
Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews