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Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
27.6.2024
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing...
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
25.6.2024
An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo
‘Survival games’ as Bitcoin hash price skirts near all-time low
25.6.2024
Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being
JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal
25.6.2024
Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion...
Louisiana’s new crypto law protects node operators, bans CBDC
24.6.2024
The U.S. state of Louisiana has updated its legislation to ban the use of central bank digital currencies and to establish rules for digital asset miners and node operators
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
24.6.2024
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
24.6.2024
Riot is Bitfarms' largest shareholder, owning 14.9% of the firm
Bitcoin miners are treading water, but no alarms of a 'total firesale'
22.6.2024
Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst
Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO
19.6.2024
LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners
Why are top Bitcoin traders bullish despite BTC price dip to $64.3K?
18.6.2024
Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
18.6.2024
Hashrate for Bitcoin network typically becomes flat or declines during North American summer time, industry experts say
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
18.6.2024
In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners...
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
17.6.2024
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since...
Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins
17.6.2024
As bitcoin's volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted
Bitcoin Runes racks up over 2500 BTC in fees under 2 months
17.6.2024
Runes-related transactions could extend a significant revenue boost for Bitcoin miners, after the 2024 halving
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
17.6.2024
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said
Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners
15.6.2024
The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen...
Home miners may benefit from NiceHash, Marathon Digital collaboration
15.6.2024
The new NiceHash firmware will combine the advantages of two products
Mining execs establish organization to influence US crypto voters
14.6.2024
A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto
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