A solo Bitcoin miner has beaten the odds to mine an entire block alone — earning $347,000 in rewards and showcasing the network’s decentralized spirit.
Latest News on Hashrate
The amount of processing and computing power being given to the network through mining is referred to as hash rate. A fixed-length alphanumeric code representing any length of words, messages, or data is called a “hash.”
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Bitcoin miners have taken on $12.7 billion in debt as they invest in new rigs and AI infrastructure to stay competitive in the global hashrate race.
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Bitdeer boosts self-mining to stay competitive amid weak demand for rigs, joining other hardware makers turning to in-house Bitcoin operations.
3052 - Explained
With 93% of all Bitcoin already mined, the race for the remaining coins is intensifying. Here’s how it impacts scarcity, mining rewards and the future of the network.
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Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
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MARA Holdings has acquired an equity stake in Two Prime, which includes an allocation of 2,000 BTC for its yield strategy.
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CleanSpark reached 50 EH/s in operational hashrate in June, increasing its total Bitcoin holdings to 12,608 BTC even with significant monthly sales.
4329 - Analysis
Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
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In what looks to be the most dramatic decline in three years, Bitcoin’s hashrate dropped over 15% between June 15 and Tuesday.
7201 - Explained
Against 1 in 3,000 odds, a solo miner used a short burst of rented hash power to win a $330,000 Bitcoin block, proving that strategy can still beat scale in today’s mining landscape.
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Illegal mining and a lack of regulation limit Malaysia from tapping into the crypto mining revenue.
4744 - Markets News
Bitcoin miners offer a glimpse into potential price upside to come as the historically accurate Hash Ribbons flips green.
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The miner’s May output shows resilience but still lags behind competitors MARA and Riot Platforms.
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Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations.
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With the latest mining production in May, Mara has increased its Bitcoin holdings to 49,179 BTC and has sold zero BTC, according to Chief Financial Officer Salman Khan.
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