bitcoin mining

Bitfarms Ltd. (NASDAQ:BITF) on Wednesday announced a significant move in the cryptocurrency mining sector with its acquisition of Stronghold Digital Mining, Inc. (NASDAQ:SDIG). What Happened: The stock-for-stock merger, valued at approximately $125 million, with an additional $50 million in...

Bit Digital, Inc. (NASDAQ:BTBT) reported its second-quarter financial results Monday after the closing bell. Here's a look at the details from the report.  The Details: Bit Digital reported quarterly losses of nine cents per share, which missed the analyst consensus estimate of losses of three...

Bitcoin (CRYPTO: BTC) miners are adapting to a new landscape as they seek to optimize operations and diversify revenue streams, according to a recent report from Bernstein analysts. What Happened: The second-quarter “report card” written by lead analyst Gautam Chhugani and team...

In July, Bitcoin (CRYPTO: BTC) mining saw a slight decline in profitability compared to June, according to a research report released by investment bank Jefferies on Thursday. What Happened: Bitcoin’s price dropped over 6%, while the network hashrate, a key indicator of competition within the...

Bitcoin (CRYPTO: BTC) miners are ramping up their operations once again, as the network’s hashrate reached an unprecedented high this week, following a period of reduced activity. What Happened: According to a report by on-chain analysis firm CryptoQuant, the network’s hashrate set a...

Leading Bitcoin (CRYPTO: BTC) miner Marathon Digital Holdings Inc. (NASDAQ:MARA) announced that each block mined by the company's MARA Pool will be labeled “Made in USA.” What Happened: Marathon Digital CEO Fred Thiel made the announcement Monday, claiming to be the only large-scale...

Bitcoin (CRYPTO: BTC) mining company TeraWulf Inc (NASDAQ:WULF) reported second-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. Q2 Earnings: TeraWulf reported second-quarter revenue of $35.574 million, beating the consensus...

Shares of Bitcoin (CRYPTO: BTC) mining company CleanSpark Inc (NASDAQ:CLSK) are sliding in Thursday’s after-hours session after the company delayed its fiscal third-quarter financial results. What Happened: CleanSpark was scheduled to report fiscal third-quarter earnings after the market...

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) lead the cryptocurrency market freefall, as experts addressed growing concerns about a global recession. What Happened: A perfect storm of economic fears, geopolitical tensions, and leveraged positions has sent shockwaves through the digital asset...

July was a month of stark contrasts in the Bitcoin (CRYPTO: BTC) mining sector. As miners with AI exposure grappled with losses while traditional mining companies seized the spotlight, showcasing the dynamic nature of the industry. With evolving market conditions and technological shifts, how...

Riot Platforms, Inc. (NASDAQ:RIOT) reported its second-quarter financial results after Wednesday’s closing bell. Here's a look at the details from the report.  The Details: Riot Platforms reported quarterly losses of 32 cents per share, which missed the analyst consensus estimate of losses of...

A new report estimates a $20 billion revenue opportunity in Bitcoin (CRYPTO: BTC) mining chips and hardware over the next five years. What HappenedL The introduction of new U.S.-based players, such as Block and Auradine, is poised to diversify the supply chain and enhance competition, potentially...

Senator Cynthia Lummis (R-Wyo.) has strongly opposed the Biden administration’s proposal to impose a 30% tax on Bitcoin mining operations, calling it a “blatant attack” on innovation and American excellence. Her remarks come amid growing regulatory scrutiny of the digital asset...

The Bitcoin (CRYPTO: BTC) mining industry is being reevaluated as a potential powerhouse in the energy sector, according to a new Bernstein report. What Happened: Bernstein analyst Gautam Chhugani and his team propose a novel perspective: “We believe bitcoin miners by focusing on an active...

Iris Energy (NASDAQ:IREN) is back in the spotlight, with analysts at Canaccord singing its praises for its efficient Bitcoin mining capabilities and potential for future diversification. What Happened: Citing the company’s massive power capacity and ongoing data center construction, Canaccord...