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 […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin miners rise 10% after Trump promises to back US miners

June 12, 2024 Coin Telegraph

Bitcoin Miners

The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.

Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country.

Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.

Trump also reportedly told the industry executives that he promised to support the sector should he be elected as president in November.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC

June 5, 2024 The Crypto Briefing

Bitcoin

Bitcoin mining firm CleanSpark reports mining 417 BTC in May, now holding 6,154 BTC, and sees efficiency gains post-halving.

The post CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC appeared first on Crypto Briefing.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Halving full effect: Bitfarms crypto mining revenue falls 42% in May

June 3, 2024 Coin Telegraph

Aquisition

The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.

Bitfarms’ crypto mining revenue fell 42% in May — the first full month since the Bitcoin halving took effect in mid-April.

The company reported a fall in Bitcoin production, from 263 Bitcoin (BTC) ($18.1 million) in April to 156 Bitcoin ($10.7 million) in May. In a June 3 statement, Bitfarm described it as the “first full month with post-halving economics.”

Similarly, the average amount of Bitcoin that Bitfarms earned per unit of computational power fell 45% from 44 exahashes per second (EH/s) to 24 EH/s.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

May 11, 2024 Bitcoin.com

Bitcoin

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%

May 7, 2024 Coin Telegraph

Cleanspark

Marathon Digital will officially be added to the index fund on May 8.

Marathon Digital, the world’s largest Bitcoin (BTC) miner by market cap, saw its shares rise 18% after it was confirmed to be joining the S&P SmallCap 600 index fund.

The S&P Dow Jones Indices said after trading on Friday, May 3 that Marathon would replace heating and ventilation manufacturing firm Aaon in the index on May 8.

The S&P SmallCap 600 tracks 600 United States companies with a market cap between $1 billion and $6.7 billion posting profits both in the most recent quarter and the last four quarters.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s

April 26, 2024 Coin Telegraph

ASICs

If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024.

Bitcoin mining firm Marathon Digital has announced it is increasing its 2024 hash rate target from 35-37 exahashes per second to 50 EH/s, citing expanded capacity after recent acquisitions.

“Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate [...] we now believe it is possible for us to double the scale of Marathon’s mining operations in 2024,” explained Marathon’s CEO Fred Thiel.

Thiel said its target would be “fully funded” as there is no need for the firm to raise additional capital to achieve its new target hash rate.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: Analyst

April 17, 2024 Coin Telegraph

Bitcoin mining

Blockware Solutions analyst Mitchell Askew says fears around post-halving Bitcoin mining profitability are baseless as crypto miner stock prices have tumbled.

Investor confidence in the Bitcoin (BTC) mining sector’s profitability after the cryptocurrency halves its rewards has sent Bitcoin mining shares in the United States and abroad tumbling — but those fears aren’t well founded, an industry analyst said.

“Investors will realize their fears were mostly unsubstantiated,” said Mitchell Askew, head analyst at Bitcoin mining firm Blockware Solutions. He cited post-halving profitability concerns and Bitcoin’s 7.5% price fall over the last week as the main catalysts behind miners’ falling stock prices.

Marathon Digital (MARA) and Riot Platforms (RIOT), two of the largest BTC miners, have seen their share prices tank around 53% and 54%, respectively, since their February year-to-date (YTD) highs, according to Google Finance.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

April 12, 2024 Bitcoin.com

Bitcoin Miners

The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares

March 29, 2024 Bitcoin.com

Cleanspark’s Stock Tumbles 10% After Plans to Sell 0 Million in Shares

Bitcoin

Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial $500 million to $800 million offering with H.C. Wainwright & […]

Cleanspark

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