Markets News
Bitcoin’s miner margins and NVT metric indicated a bottom range, but a final downside sweep remains possible.
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Bitcoin Mining News
Bitcoin mining involves solving complex mathematical puzzles, validating transactions and securing the network. Miners compete to find the correct hash, adding new blocks to the blockchain and earning rewards in the form of newly minted Bitcoin (BTC). Notably, a new Bitcoin block is mined every 10 minutes on average.
Bitcoin mining has undergone a significant evolution since its early days. Initially, miners utilized CPUs and GPUs for mining. As demand increased, specialized hardware called ASICs (application-specific integrated circuits) emerged, drastically enhancing mining efficiency. In recent years, a noteworthy trend has been the shift toward renewable energy sources for mining operations. Miners are increasingly adopting eco-friendly solutions, minimizing the environmental impact of energy-intensive mining processes.
Mining can be done individually (solo mining) or collaboratively in groups (mining pools). Solo miners solve blocks independently, receiving the entire reward. In contrast, mining pools combine computational power, share profits and increase the chances of earning rewards collectively. This collaborative approach has become popular due to its steadier income stream.
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Mining margins weakened as hash prices declined and rig payback periods stretched, even as listed miners rallied on analyst upgrades and new HPC agreements.
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A solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, beating massive odds.
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US authorities are investigating Chinese Bitcoin mining hardware giant Bitmain over potential national security risks tied to alleged remote capabilities, according to Bloomberg.
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Shares in Canaan jumped 20% on Tuesday as the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year.
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Bitcoin miner Bitfury started up in 2011, but has now pivoted to tech investing and will pour $1 billion into ethical AI and crypto startups.
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HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
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With just under 2 million Bitcoin that will ever be mined from here on out, Bitcoin’s “real story” is about to unfold.
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Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, the mining firm tied to President Trump’s sons.
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Major mining stocks dropped 20%–50% this week, erasing billions in value as the sector continued to lag Bitcoin’s latest pullback.
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Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
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Cloud miner BitFuFu says third-quarter sales hit $180.7 million as more users rented hashrate and snapped up rigs to ride Bitcoin’s post-halving price surge.
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The incident at the Massillon, Ohio, facility followed the company's Q3 earnings report on Monday, showing a net loss of over $266 million.
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CleanSpark is among the leading Bitcoin mining companies expanding into AI data center infrastructure, seeking diversified sources of revenue amid post-Bitcoin halving pressure.
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TeraWulf reported the average price of Bitcoin during Q3 was $114,390, compared to only $61,023 for the same period last year.
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