Public Miners Surpass 35% of Bitcoin’s Total Hash Rate: MARA, CLSK and IREN Exceed 2024 Expansion Targets

January 23, 2025 Bitcoin.com

The total reported hash rate of public miners reached 318.09 EH/s at the end of 2024, accounting for over 35% of Bitcoin’s total hash rate – a significant jump from 21% in 2023. IREN, CLSK, RIOT, and MARA achieved more than 100% YoY hash rate growth. Miners Exceed 35% Network Share The following guest post […]

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Bitcoin Miners Bask in a 16% Hashprice Jump Amid BTC’s Triumphant Rally

January 17, 2025 Bitcoin.com

Bitcoin mining

As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. BTC Mining Revenues Soar as Hashprice Climbs Miners have seen a marked increase in profitability as BTC exceeded the $105,000 […]

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Bitcoin Mining Tightens: Difficulty Hits 110.45 Trillion Amid Revenue Slump

January 13, 2025 Bitcoin.com

Bitcoin mining

Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the […]

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Bitcoin’s Hashrate Takes a Nosedive: Miners Grapple With Plummeting Profits

January 11, 2025 Bitcoin.com

Bitcoin mining

Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent […]

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Investor Sentiment on Bitcoin Mining Stocks: Institutions Bet Big on CORZ, WULF, IREN and HUT

January 10, 2025 Bitcoin.com

Bitcoin mining

Gain insights into investor sentiment on Bitcoin mining stocks through institutional ownership trends. Institutions favored hybrid miners with major HPC/AI deals: $CORZ, $WULF, $IREN, and $HUT recorded the largest increases in institutional ownership. Institutional Investment Shifts in Bitcoin Mining: Major Players and Emerging Trends in 2024 The following guest post comes from Bitcoinminingstock.io, the one-stop […]

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Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

January 9, 2025 Bitcoin.com

Bitcoin mining

Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mining devices that also function as home heaters, at CES 2025 in Las Vegas. Canaan’s Avalon Mini 3 and Nano 3S Blend Mining and Heating Blockchain hardware titan Canaan (Nasdaq: CAN) has unveiled two avant-garde […]

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Inside Bitcoin Mining’s 2024 Revolution: Report Reveals Triumphs and Trials

January 8, 2025 Bitcoin.com

Bitcoin mining

The 2024 bitcoin mining industry reached historic milestones while grappling with significant obstacles, according to an extensive report sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io. The comprehensive study sheds light on unprecedented network expansion, advancements in hardware efficiency, and major economic transitions. Nicehash and Digital Mining Solutions Showcase the Bitcoin Mining […]

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BTC miners adopted ‘treasury strategy,’ diversified business in 2024: Report

January 7, 2025 Coin Telegraph

Bitcoin Miners

In 2024, the combined market capitalization of public Bitcoin mining companies reached $50 billion for the first time.

2024 was a record-breaking year for the Bitcoin mining industry, but increased competition and sector volatility compelled several companies to adopt new strategies.

According to a Jan. 7 report by NiceHash and Digital Mining Solutions, public miners followed in MicroStrategy’s footsteps by increasing their Bitcoin (BTC) treasury holdings.

“In 2024, a notable shift emerged among Bitcoin miners, with many opting to retain a larger portion of their mined Bitcoin or refraining from selling altogether,” wrote report authors Nico Smid and Cindy Geng.

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US accounts for over 40% of global Bitcoin hashrate: Report

January 4, 2025 Coin Telegraph

Bitcoin hashrate

Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.

The United States accounted for over 40% of the Bitcoin network’s global hashrate — the total computing power securing the Bitcoin protocol — at the close of 2024, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all blocks mined.

According to TheMinerMag, Foundry USA grew its hashrate from 157 exahashes per second (EH/s) at the start of 2024 to roughly 280 EH/s by December.

Foundry is currently the single biggest mining pool by hashrate, controlling roughly 36.5% of the total hashrate in the Bitcoin network.

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2025 Kicks Off With Big Wins on Wall Street for Bitcoin Miners

January 2, 2025 Bitcoin.com

Bitcoin Miners

It was an eventful year for bitcoin miners in 2024, with the fourth Bitcoin halving and the cryptocurrency surpassing the $100,000 threshold. Kicking off 2025, three publicly traded mining companies posted double-digit gains, while others also delivered solid performances. Bitcoin Miners Ride High: Top Seven Firms by Market Cap Post Gains Currently, bitcoinminingstock.io lists around […]

Bitcoin mining

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