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Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price
26.1.2023
According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets...
Bitcoin miners’ worst days may have passed, but a few key hurdles remain
23.1.2023
A handful of improving metrics show profit margins slowly improving for Bitcoin miners, but key areas of the sector remain under pressure
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
4.1.2023
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make...
Year of Bitcoin miners’ merge? Analysts predict key mining trends for 2023
4.1.2023
Public Bitcoin miners will actively work to minimize costs in 2023 by going private or merging with other firms, Hash Rate Index analysts predicted
Bitcoin miners rejoice; Things are finally looking up with PEGA Pool
4.1.2023
Bitcoin (BTC) miners the world over are running out of patience with the highly anticipated launch of PEGA Pool mere weeks away. Record low BTC prices, compounded by rising hash rates, have had BTC miners and mining companies in a spin for months. Many struggle to make ends meet and certain firms...
Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis
3.1.2023
Industry players accumulated over $4 billion of debt in the last crypto run-up
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
31.12.2022
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated...
Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
30.12.2022
Bitcoin miners had a rough 2022, showing “how to not build a mining business,” However, industry experts don’t see 2023 as any better, unless markets improve significantly
2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate
29.12.2022
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded...
Chinese Communist Party official pleads guilty to helping Bitcoin miners
29.12.2022
Xiao Yi, Communist Party Secretary of the City of Fuzhou, financially aided Bitcoin miners between 2017 and 2021
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas
29.12.2022
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital...
100%: Public Bitcoin miners sold almost everything they mined in 2022
28.12.2022
Public Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again in what some hope is a bullish signal
Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading
28.12.2022
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations...
BTC price dips 1% on Wall Street open as Bitcoin miners worry analysts
27.12.2022
A taste of BTC price volatility returns as United States stocks begin trading in the run-up to the yearly close
Bitcoin Miners Powered Off as Winter Storm Battered North America
26.12.2022
Computing power on the Bitcoin network dropped about 40% over the weekend
Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid
25.12.2022
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to...
Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues
23.12.2022
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High
23.12.2022
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
21.12.2022
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between...
First Mover Americas: One of The Largest Bitcoin Miners Goes Bankrupt
21.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 21, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets