Join Our Telegram channel to stay up to date on breaking news coverage Riot Platforms Inc., one of the largest Bitcoin miners globally, has revealed that a sizable portion of its operations is offline...
Tag: Miners
Democratic Lawmakers Look to Compel Crypto Miners to Disclose Energy and Emissions Data
The letter asked Granholm when the energy administration will implement a rule that makes it mandatory for firms to disclose energy data, and when the EPA plans to start collecting data from miners th...
Bitcoin Miners Hut 8, US Bitcoin to Combine in Stock Merger (1)_
(Bloomberg) — Bitcoin miners Hut 8 Mining Corp. and US Bitcoin Corp. are merging in an all-stock deal after a prolonged slump in cryptocurrency prices heaped pressure on the industry. Most Read ...
Biden administration contemplates forcing Bitcoin miners to reveal pollution data
United States Democratic lawmakers are intensifying their efforts for crypto mining companies to reveal their energy use and greenhouse gas emissions as the industry grows. The lawmakers are pushing f...
Bitcoin Miners Hut 8, US Bitcoin Corp to Merge in All-Stock Deal
Major Bitcoin miners Hut 8 Mining and U.S. Bitcoin Corp today announced a merger which will bring the two companies together to create a North America crypto mining giant. Tuesday’s announcement said...
Riot reveals 17K miners offline because of Texas weather
The crypto mining company, Riot Platforms has reported that about 17,040 rigs deployed at its functioning in Texas were not online because of acute winter weather in the area. In the publicization ma...
Riot reports 17K miners offline due to Texas weather
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state. In a Feb. 6 annou...
Bitcoin miners Hut 8 and US Bitcoin merge to form new US-based entity
Bitcoin miners Hut 8 and US Bitcoin (USBTC) are merging to form a new company called Hut 8 Corp, which will be based in the United States. Hut will have a total self-mining capacity of 5.6 EH/s,...
Bitcoin miners are not selling, coin reserve remains flat
Bitcoin miners appear to have paused their liquidations, according to CryptoQuant data on Feb. 5. Per streams, bitcoin miners’ reserve trend has been flat at around 1.837m BTC from Jan. 19. This marke...
Texas BTC Miners Face More Problems After Another Storm Hit the State: Report
Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region. The extreme weather conditions prompted them to switch off their m...
BiXBiT Announces Bug Bounty Program To Test AMS, Its New Release For Miners
Advertisement     BiXBiT is elated to announce a Bug-Bunty program to test its new release, an automated monitoring system (AMS). As per the announcement, the AMS was ...
Bitcoin: With Puell Multiple above capitulation, will miners halt selling?
Miners might revert to a revenue increase as the Puell Multiple left the capitulation area. Market statistics showed that the current condition was not overheated. Bitcoin [BTC] holders were not the ...
How Bitcoin Price May React as Miners Reduce Selling Pressure
Bitcoin miners have seen some relief recently, as indicated by the recent movement of the Puell Multiple. After 191 days of struggling, this on-chain metric has finally seen a much-needed rally, bring...
Bitcoin (BTC) Price Set To Surge High As Miners Halt Selling
The Bitcoin market has seen an upward trend in the past 24 hours, reaching a high of $24,000 earlier today. With the current price trading at around $23,869 in the Asian market, the market has seen a ...
Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?
There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS). Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what...
Bitcoin difficulty hits its highest point in over a year: What should miners expect?
Bitcoin mining difficulty recently reached close to 40.0T. The rise in network difficulty comes as price and hashrate saw a rise. The remarkable ascent of Bitcoin [BTC] has been a topic of critical im...
Bitcoin Price Boosts Miners, as Hashrate Climbs
The majority of crypto-related equities finished up in positive territory last week, with US-traded mining firms gaining distance from historical lows set at the end of last year. Bitcoin is also push...
Valkyrie Bitcoin Miners ETF returns over 100% in 2023 as crypto market rallies
After a turbulent year-long bearish sentiment, the impressive crypto market rally in 2023 has impacted related products such as exchange-traded funds (ETF). In this line, little-known Valkyrie Bitcoi...
Gold Miners Shine: Here Are 6 Gold Stocks To Watch
Gold miners are making the early lists of 2023’s market-leading stocks, lifting the Mining-Gold/Silver/Gems industry group into the top 10 out of the 197 sectors that IBD tracks. X This gleaming...
China starts taxing crypto investors and Bitcoin miners 20%
For a long time, China has had a complicated relationship with the cryptocurrency industry, its government indecisive on the policies that have ranged from a total ban to investigating the utility of ...
Sentiment turns from bear to bull for Bitcoin miners in 2023
In the late 2022 depths of the bear market, sentiment for bitcoin miners was abysmal. Rig operators were suffering. Profits had evaporated. Equity valuations cratered. Respondents in various Twitter p...
2023 Won’t Be Easy for Bitcoin Miners: Galaxy Digital
A report by Galaxy Digital reflects on 2022 and the path ahead for Bitcoin miners. Investors are looking to deploy up to $1.1B into hosting and mining businesses in 2023. The Lightning Network may see...
Are Bitcoin Miners Taking Profits? Is the Crypto Rally Coming to an End?
Bitcoin miners, a crucial group in the growth and operation of the BTC network, have sprung up in different parts of the world in the past two years. According to aggregate data provided by hashratein...
As Hashrates Rise, Are Bitcoin Miners Back in Business?
So far, 2023 has been proven to be in the bull’s favor as the price of Bitcoin (BTC) increased more than 40%. But after a disastrous 2022, Bitcoin miners should finally start to come back online. Acco...
More turbulent times ahead for bitcoin miners, Galaxy Digital says
Fixed-rate contracts from hosting providers could be a thing of the past as the bitcoin mining hosting landscape transforms in 2023, Galaxy Digital said in a recent report. Hosting providers pro...
Bitcoin Surges To 23k As Miners Sales Sees Multi-Year Low
Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex ...
Bitcoin miners’ selling pressure hits 3-year low
Bitcoin (BTC) miners’ selling pressure has reduced to lows last witnessed three years ago. The miners ease up on the distribution campaign they previously embarked on in 2022. The relief recorded amon...
Bitcoin miners’ worst days may have passed, but a few key hurdles remain
Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward ...
ASIC financing debt worsened Bitcoin miner’s liabilities in 2022: Report
Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index. The report stated. “We ...
Bitcoin price rally provides much needed relief for BTC miners
Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a ...
Bitcoin (BTC) Miners Are Again Making A Profit
2 hours ago | 2 mins read Bitcoin News Crypto market pioneer Bitcoin (BTC) is currently trading at $22,624. Bitcoin miners now earn a $3.8K profit for minting a BTC coin. The crypto market pioneer Bit...
Compass Sued Over Allegedly Failing to Return Customer Bitcoin Miners
Compass Mining, a reseller of and hosting service for Bitcoin mining machines, is being sued by its customers to the tune of $2 million. In a filing to a Florida court on January 17, the customers ac...