Bitcoin Mining Profitability Surges: Relief for BTC Miners Amid Price Hike and Network Adjustments en.coinotag.com 24 July 2024 23:58, UTC Bitcoin’s mining profitability has recently seen a significant uptick, providing much-needed relief to BTC miners. Various factors have contributed to this surge in profitability, including the recent increase in Bitcoin’s price. Crypto analyst Ali…
ASIC market undergoes ‘significant repricing,’ analysts say crypto.news 24 July 2024 09:50, UTC Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index. The ASIC market is undergoing significant changes as mining rigs are trying to adapt to a post-halving environment, with Bitcoin’s (BTC)…
Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says coindesk.com + 1 more 24 July 2024 12:52, UTC Riot’s acquisition of rival bitcoin miner Block Mining makes sense, the report said. JPMorgan noted that Riot will have the second-largest capacity of the U.S.-listed bitcoin miners. The bank has an overweight rating on Riot…
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center news.bitcoin.com 24 July 2024 18:52, UTC Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and…
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil news.bitcoin.com 22 July 2024 13:56, UTC The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure…
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark coindesk.com 22 July 2024 13:27, UTC Benchmark said Bitdeer could be a potential takeover target The broker raised its price target for the bitcoin miner to $16 from $13. Core Scientific’s deal with AI hyperscaler CoreWeave has helped drive a re-rating of the…
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit coindesk.com + 3 more 22 July 2024 19:29, UTC Bitcoin financial services firm Swan Bitcoin pulled its plan to take the company public, discontinued its managed mining unit and cut staff across several units. Swan CEO Cory Klippsten said in a…
