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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.”
- Spotlight21017
- Market Analysis
Bitcoin corrects after a shocking CPI print, potential BTC miner sell pressure and concerning macroeconomic developments.
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Bitcoin rose back above $98,000 after dipping slightly when US President Donald Trump announced tariffs on aluminum and steel as part of an escalating US trade war.
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Bitdeer aims to become a fully vertically integrated Bitcoin miner after the Canada project acquisition, but its stock performance continues to struggle.
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Bitcoin wallet addresses with at least $100 have grown 25% in the past year, reaching nearly 30 million.
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CleanSpark joins MARA Holdings, Riot Platforms and Hut 8 Mining as a major listed Bitcoin mining firm with 10,000 Bitcoin or more on its balance sheet.
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Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
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On Jan. 3, the network’s hashrate briefly tapped 1,000 EH/s as miners continued adding capacity.
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Bitcoin environmentalist Daniel Batton criticized the methods used by Digiconomist founder Alex de Vries to assess Bitcoin’s environmental impact.
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MARA’s shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
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MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
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Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
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Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
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Both firms attributed the expanded Bitcoin production partially to increasing their energized hash rates in October.
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Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
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