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Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis

Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) AnalysisBit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks? Analyzing Bit Digital’s (BTBT) Approach to Bitcoin Mining and HPC Diversification The following guest post comes […]

dYdX lays off 35% of staff shortly after major Consensys cuts

A New Approach to Analyzing Operational Efficiency of Bitcoin Mining Companies

A New Approach to Analyzing Operational Efficiency of Bitcoin Mining CompaniesDiscover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top Miners The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes

Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New ExtremesBitcoin’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting. In the coming days, it’ll be fascinating to watch how the combination of increased difficulty and dipping prices […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Northern Data Considers Selling Crypto Mining Unit to Fund AI Venture

Northern Data Considers Selling Crypto Mining Unit to Fund AI VentureNorthern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use the proceeds to fund the expansion its AI […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership

Russian Crypto Miner, Sovereign Fund Aim for Global AI LeadershipBitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers and focus on enhancing their potential. This partnership aims to […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Mining PAC launches ad for Ted Cruz as early voting begins in Texas

More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025.

A political action committee (PAC) backed by cryptocurrency mining executives has launched two ad spots for Republican candidates as early voting continues in the United States for the November election.

In an Oct. 21 X post, the Bitcoin Voter PAC said it was responsible for an ad supporting Texas Senator Ted Cruz as residents of the state began early voting. The ad spot claimed Cruz understood “embracing Bitcoin” without explicitly mentioning any of his opponent Colin Allred’s policies. 

Executives from crypto mining firms Marathon Digital Holdings, CleanSpark, and Riot Platforms form the board members of the Bitcoin Voter Project, an advocacy group launched in June to identify potential voters and influence crucial elections. According to Federal Election Commission records as of Sept. 30, the organization’s PAC had filed no contributions or expenditures in the 2024 election.

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dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC Holdings

Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC HoldingsIonic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024. Ionic Digital Revives IPO Plan, Reports 2,102 […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin hashrate hits all-time high, boosting network security

The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.

The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.

The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.

The hashrate has been in a steady uptrend since 2021, BitInfoCharts data shows. The hashrate’s escalation is widely correlated with developments in mining hardware like application-specific integrated circuits (ASICs).

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dYdX lays off 35% of staff shortly after major Consensys cuts

The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

The Next Big Leap for Bitcoin Miners: What it Takes to Reach 0 HashpriceBefore bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Mining vs. AI Hosting: The Unexpected Parallels Unveiled

Bitcoin Mining vs. AI Hosting: The Unexpected Parallels UnveiledBitcoin miners and artificial intelligence (AI) cloud providers, along with high-performance computing (HPC) operators, share an unexpected bond in their quest for computing muscle. As the cryptocurrency scene shifts, some bitcoin mining setups are finding fresh purpose in the fast-growing fields of generative AI and large language models (LLMs). A Closer Look at the Unseen […]

dYdX lays off 35% of staff shortly after major Consensys cuts