Miners Race to Discover Block 840,000 as Bitcoin Halving Nears

April 16, 2024 Bitcoin.com

Bitcoin

Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty, miners have managed to maintain a high hashrate, resulting in block times dropping below the […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

April 15, 2024 Bitcoin.com

Short Sellers Target Bitcoin Miners as Reward Halving Nears, Billion at Stake

Bitcoin mining

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending Bitcoin Halving […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

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 […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage

April 6, 2024 Bitcoin.com

bitcoin difficulty

Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs

April 3, 2024 Bitcoin.com

Arkon Energy

On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event

April 1, 2024 Bitcoin.com

Bitcoin Miners’ Earnings Hit Record Billion in March Ahead of Halving Event

Bitcoin mining

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at $2 Billion As we […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations

March 26, 2024 Bitcoin.com

Bitcoin

This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge

March 21, 2024 Bitcoin.com

Bitcoin mining

Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin Mining Equities See Recovery With Stellar Wednesday Gains With less than a month remaining until […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Speculation Rises on Whether Bitcoin’s Halving Is Reflected in Current Prices

March 14, 2024 Bitcoin.com

Bitcoin

Bitcoin has witnessed new highs in its price lately, with the premier cryptocurrency experiencing an over 60% increase since the beginning of the year. Meanwhile, the crypto community is abuzz with debates on whether the impending halving event is already reflected in the price. There’s a prevailing suspicion that despite bitcoin’s climb against the U.S. […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines

March 11, 2024 Bitcoin.com

Bitcoin mining

Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones. Mining Stocks Tumble on Nasdaq Nasdaq-listed bitcoin (BTC) miners […]

Mining BTC