Bitcoin miners' earnings power and stocks have diverged from the asset they help produce, as the hashrate languishes amid technical and macroeconomic headwinds
What's Next for Bitcoin Miners? Keshav Verma / Bitcoin Insider : Bitcoin Still Trading 40% Under Its ‘Energy Value’: What It Means Travis Hoium / Motley Fool : Why Bitcoin Miners Soared This Week
Auradine, which manufactures Bitcoin miners and offers AI infrastructure, raised a $153M Series C, with $138M in equity and $15M in debt, led by StepStone Group
Yogita Khatri / The Block :
US bitcoin miners, including Mara, Riot, and CleanSpark, used BTC's recent price surge to raise $3.7B+ via convertible notes since November 2024 to buy coins
Niamh Rowe / Financial Times :
Tether plans to spend ~$500M over the next six months to become one of the world's top Bitcoin miners, after acquiring a 20% stake in Northern Data in September
Tether plans to spend ~$500M over the next six months to become one of the world's top Bitcoin miners, after acquiring a 20% stake in Northern Data in September
- Tether to invest about $500 million in the next six months — Stablecoin issuer builds its own facilities in three countries
Binance's mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners
The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.
Publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M, respectively, in Q2 after impairments
The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
Core Scientific, a top bitcoin miner with nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC
Thanks for reading Digital Gamma Weekly Commentary! Crystal Kim / Axios : Big crypto mining shop sells almost all its bitcoin Turner Wright / Cointelegraph : Core Scientific sold $167M worth of Bitcoi...
Blockchain.com data: bitcoin's hash rate fell 4% since the start of the week, as the value of revenues paid to miners fell to its lowest level in nearly a year
Share prices of companies that validate crypto transactions have tumbled over the past month — Bitcoin miners are scaling …
How Denton, Texas, which is $140M in debt after a 2021 winter storm, agreed to a crypto mine at its natural gas power plant for millions in annual revenue
Sarah Emerson / BuzzFeed News : Tweets: @sarahnemerson and @buzzfeednews Tweets: Sarah Emerson / @sarahnemerson : NEW: For the last couple months, I've been investigating how one of the nation's larg...