bitcoin mining

Despite China’s ongoing ban on cryptocurrency trading and mining, the country continues to dominate the Bitcoin network, controlling 55% of the global hashrate, according to data shared by Ki Young Ju, CEO of CryptoQuant. What Happened: This information is corroborated by Bitbo's mining data...

Core Scientific, Inc. (NASDAQ:CORZ) shares moved higher Wednesday as markets witnessed the first interest rate cut from the Federal Reserve in four years.  The Details: Bitcoin (CRYPTO: BTC) miner Core Scientific's stock has climbed more than 20% over the past five days, as investors anticipated an...

Bitcoin (CRYPTO: BTC) mining difficulty has increased by 3.6%, setting a new record on Wednesday after the total hash rate reached unprecedented levels over the weekend. What Happened: The difficulty adjustment, which occurred at block height 860,832, raised the mining difficulty to a new peak of...

In a major expansion move, CleanSpark Inc. (NASDAQ:CLSK) is slated to acquire seven Bitcoin (CRYPTO: BTC) mining facilities in Knoxville, Tennessee, expanding the miner's current hashrate by over 22%. What Happened: CleanSpark's acquisition includes the associated land and is projected to enhance...

Agile Energy X Inc., a subsidiary of Japan’s biggest power producer, Tokyo Electric Power Co., is exploring Bitcoin (CRYPTO: BTC) mining to curb the wastage of renewable energy and foster its widespread adoption. What Happened: The Tokyo-headquartered subsidiary plans to power Bitcoin mining...

Crypto’s unique features are ideally suited for the complex requirements of machine-to-machine transactions in the artificial intelligence (AI) economy. That’s according to a new report from Bernstein Research, released Friday. “Crypto solves almost all the criteria” for AI...

Revenues from Bitcoin (CRYPTO: BTC) mining plunged to an 11-month low as the industry continued to grapple with the fallout of April halving and the apex cryptocurrency's downward price action.  What happened: According to data from BitBo, miner earnings plummeted to a little over $827 million...

Iris Energy (NASDAQ:IREN) is charging ahead in the Bitcoin (CRYPTO: BTC) mining arena, setting its sights on a substantial leap in computational power. According to JPMorgan analyst Reginald L. Smith, the company has an ambitious target to reach 50 exahashes per second (EH/s) by 2025. This would...

Hive Digital Technologies Ltd (NASDAQ:HIVE) has been buzzing in the financial markets, despite the stock being down 23.69% year-to-date and slipping 2.62% over the past year. In the last month alone, HIVE has dipped 9.21%. But wait—there's more to the story. On Aug. 13, HIVE reported a surprise...

In a race for dominance in the artificial intelligence (AI) and cloud computing sectors, U.S. tech giants, including Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT), are competing for energy resources traditionally held by Bitcoin (CRYPTO: BTC) miners. What Happened: The rapid...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting...

Former President Donald Trump’s embrace of Bitcoin (CRYPTO: BTC) this election cycle was reportedly the result of a coordinated plan by three Puerto Ricans to get the Republican challenger on the side of the apex cryptocurrency. What Happened: The influential trio of Amanda Fabiano, a Bitcoin...

Thailand authorities have uncovered an illicit Bitcoin (CRYPTO: BTC) mining operation, believed to be the cause behind a series of power outages. What Happened: A combined force of local police and officials from the Provincial Electricity Authorities (PEA) carried out a raid on a house in...

Bitcoin miners faced a challenging second quarter of 2024, navigating the fourth Bitcoin (CRYPTO: BTC) halving event that slashed their daily coin yields in half. The halving led to lower margins and profitability across the sector, with total bitcoin mined down 28% sequentially, according to a...

Bernstein analysts in a recent note highlighted the hybrid strategy of Bitcoin miners focusing on AI data centers. What Happened: The analysts spotlighted the emerging “mullet strategy” – AI in the front, Bitcoin in the back. It combines cryptocurrency mining with AI data...