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Mining
Bitcoin miner CleanSpark records highest single mining day in April in post-halving report
CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily…
Bitcoin Miners Struggle for Profit: Is the End of Profitable Mining Near?
Bitcoin miners play a crucial role in maintaining the network’s security and functionality by verifying transactions and adding them to the blockchain. However, recent data suggests that these…
Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC
Alliance Resources says it has mined 425 BTC with excess power at its facility The company is the latest publicly listed entity to have bitcoin on its balance sheet NASDAQ-listed coal miner Alliance…
Bitcoin Mining Centralization Concerns Rise: Single Entity Controls Nearly Half of Network Hashrate
TL;DR Increasing Centralization in Bitcoin Mining: Recent studies have raised concerns about the growing centralization of Bitcoin mining, with one entity controlling nearly 47% of the network…
Miners capitulation looms if Bitcoin fails to recover significantly, CryptoQuant says
As summer looms, CryptoQuant warns that Bitcoin miners could face significant challenges ahead, particularly if prices fail to recover substantially during the warmer month. Despite Bitcoin‘s price…
U.S. Senate’s Warren Warns National Security Chiefs About Iranian Crypto Mining
Senators Elizabeth Warren and Angus King have asked the heads of the Department of Defense and the Department of the Treasury to explain what they're doing about Iran's crypto mining. A letter from…
Bitcoin Miner Stronghold Looking at Options, Including Sale of Company
Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company. "The company is considering a wide range of alternatives…
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year. However,…
Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value
In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220…