Bitcoin’s hashrate is near record levels, yet miner revenue per unit of compute has fallen to record lows, pushing the network into a ‘high-security, low-profitability’ phase. While the network’s hashrate has pinned itself above the […]
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue […]
Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, […]
Bitcoin miner HIVE Digital Technologies rose after reporting record revenue for its most recent quarter, adding to the sector’s wins from Bitcoin’s mid-year gains. HIVE said on Monday that it had “record revenue” for the […]
A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward. […]
The leading Bitcoin mining application-specific integrated circuit (ASIC) manufacturer, Bitmain, which is based in China, is reportedly under investigation in the US over national security concerns. According to a Friday Bloomberg report, an unspecified US […]
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Power markets are starting to price Bitcoin mining that can switch on and off as a grid service. Curtailment remains elevated in regions with high renewable penetration, and short scarcity bursts continue to set value […]
Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase. Canaan said […]
Bitcoin crossed a watershed moment in its monetary history on Nov. 17, surpassing 19.95 million mined coins and pushing the network past 95% of its immutable 21 million supply cap. This leaves the network with […]
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