Canaan Q3 Revenue Doubles From Strong Mining Demand
Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year,...
Mining
Bitcoin Hashprice Hits Record Low as Miners Grapple With Shrinking Margins
Bitcoin’s price has taken a hefty knock this week, dragging mining revenue down with it as the price per petahash...
1M coins left to mine as Bitcoin enters ‘5% era’ — miners say the most dangerous part is only beginning
Bitcoin crossed a watershed moment in its monetary history on Nov. 17, surpassing 19.95 million mined coins and pushing the...
Bitcoin Isn’t a Magical Anarcho-Capitalist Swiss Army Knife
Bitcoin may not be as resilient to network attacks as most think, according to Bitcoin pioneer Nick Szabo, who argues...
Bitfarms to Wind Down Bitcoin Mining Operations, Announces AI Pivot
Bitfarms’ CEO Ben Gagnon announced that the company was focused on abandoning the bitcoin mining business and converting its sites...
70% of top Bitcoin miners are already using AI income to survive bear market
Seven of the top ten miners by hashrate report AI or high-performance computing initiatives already generating revenue, with the other...
Another Difficulty Cut Hits Bitcoin — Miners Grab a Rare Moment of Relief
At block height 923328, the Bitcoin blockchain logged its 23rd difficulty adjustment of the year, marking the seventh downward shift...
Cleanspark borrows $1.15b at 0% to survive the brutal Bitcoin mining shakeout
CleanSpark just sold $1.15 billion of zero-coupon convertible notes to buy more power and machines in the most brutal mining...
Ohio Mining Facility Fire Extends Stock Sell-Off
Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no...
Cleanspark Rolls out $1 Billion Convertible Note Plan for Expansion
Cleanspark announced plans to offer $1 billion in convertible senior notes due 2032, with an additional $200 million option for...
Does Bitcoin use MEV to order your transactions like DeFi?
In crypto, MEV typically refers to bots and searchers on chains like Ethereum reordering, inserting, or censoring transactions around DEX...
Hashprice Near Critical Level, Bitcoin Miners Feel the Squeeze: Report
Bitcoin’s mining sector is under mounting pressure as the hash price, the industry’s key profitability metric, slips toward levels that...
$72M Equity Investment From Top Firms Bolsters Canaan’s Bitcoin Mining Infrastructure Push
Nasdaq-listed bitcoin mining rig manufacturer Canaan Inc. has secured a $72 million strategic investment from BH Digital, the crypto division...
Are miners about to sell more Bitcoin? MARA’s record quarter says maybe
Marathon’s third-quarter filing carried a quiet but definitive policy change, in which the company stated that it will now sell...
Texans Fails to Create City to Enforce Noise Limits on Bitcoin Miner
Residents living in a small area of Hood County, Texas, have failed in their bid to become a new municipality...
Bitcoin’s $7K Drop Sends Miner Revenues to April Lows
On Tuesday, bitcoin’s spot price slipped more than 5% against the U.S. dollar, wiping out more than $7,000 in value...
Microsoft signs $9.7B deal with BTC miner IREN
Microsoft’s $9.7 billion contract with a Texas miner reveals the new math pushing crypto infrastructure toward AI, and what it...
Struggling Mining Industry sees $11B Boom in Convertible Debt Offerings
Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over...
Zcash Hashrate Hits Record High as Miners Cash In on Rally
New figures reveal that mining the privacy coin zcash (ZEC) has become a serious money-maker after the digital asset’s price...
Are Bitcoin miners becoming AI utilities? The math says yes
Bitcoin’s (BTC) April 2024 halving cut block rewards from 6.25 to 3.125 BTC, compressing the hash price and forcing Bitcoin...
Canaan’s BTC Miners Load Balance Electric Grid in Japan
Mining hardware producer Canaan won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for...
Canaan Launches Avalon A16 Miner Delivering 300 TH/s and 12.8 Joules per Terahash
Canaan Inc. has pulled the curtain back on its next-generation Avalon A16 series bitcoin miner, revealing the A16XP model at...
