TeraWulf: Overview of a Rising Bitcoin Miner in 2024

October 26, 2024 Bitcoin.com

TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf’s success The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Oct. 10, […]

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US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant

September 24, 2024 Bitcoin.com

Antpool

According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to […]

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China still controls 55% of Bitcoin hashrate despite crypto ban

September 23, 2024 Coin Telegraph

Bitcoin

China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.

Chinese Bitcoin miners still control the lion’s share of the global network despite the country’s ban on cryptocurrencies.

Over 55% of the Bitcoin (BTC) mining network is still controlled by Chinese mining pools, according to Ki Young Ju, founder and CEO of CryptoQuant.

However, Bitcoin mining dominance is slowly shifting to US mining firms. Ju wrote in a Sept. 23 X post:

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TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion

August 13, 2024 Coin Telegraph

Bitcoin Halving

Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue.

Bitcoin miner TeraWulf beat revenue and missed earnings expectations as it posted a 21% decline in the amount of Bitcoin it mined in the second quarter of 2024.

In an Aug. 2 second-quarter earnings report, the firm said it mined 699 Bitcoin (BTC) in the second quarter, a 21% decline year over year.

The firm reported second-quarter revenue of $35.6 million, slightly beating the consensus estimate of $35.4 million. However, it posted a quarterly loss of $0.03 per share, falling short of an estimated $0.02 loss per share.

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Republican National Committee Party Platform Includes Plan To ‘Oppose CBDCs’ and ‘Defend Right To Mine Bitcoin’

July 10, 2024 The Daily Hodl

Bitcoin

The Republican National Committee has released a new party platform that promises to support crypto and oppose the creation of a central bank digital currency (CBDC). The platform, which former president Donald Trump promoted on social media, claims Republicans will “pave the way for future economic greatness by leading the world in emerging industries.” “Republicans […]

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Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms

July 9, 2024 Bitcoin.com

Bitcoin

Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring […]

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Bitcoin Miners’ June Revenue Dips Slightly Below May

July 1, 2024 Bitcoin.com

Antpool

The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin Miners’ Hashprice and Revenue Decline in June Miners faced challenges during the […]

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Dormant Crypto Whale Wakes Up, Moves $3,050,000 Worth of Bitcoin (BTC) to Binance

June 27, 2024 The Daily Hodl

Binance

A long-dormant crypto whale has woken up after years of slumber to move millions of dollars worth of Bitcoin (BTC) to Binance, the world’s largest crypto exchange platform by volume. New data from market intelligence firm Lookonchain reveals a crypto mining wallet that has been asleep for 14 years has abruptly woken up and deposited […]

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Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO

June 19, 2024 Coin Telegraph

Oil land buyer LandBridge makes a nod to crypto miners in 0M IPO

Bitcoin mining

LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.

LandBridge, a United States firm that acquires large swaths of land for oil and gas production, says it intends to court crypto miners as part of its future strategy — amid the launch of its initial public offering (IPO) on Monday.

The company said on June 17 that it’s offering 14.5 million shares, which it anticipates will be priced between $19 and $22, potentially giving it a valuation of up to $1.6 billion. It plans to be listed on the NYSE under the ticker “LB.”

Regulatory filings show LandBridge owns around 220,000 surface acres in and around the oil and natural gas-rich Delaware subbasin in the Permian Basin area of Texas and New Mexico.

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Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

June 18, 2024 Bitcoin.com

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for .8 Million

Acquisition

Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from […]

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