Mining

Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO

June 30, 2024 The Daily Hodl

Bitcoin

Bitcoin (BTC) miners are reportedly hedging against the recent downturn in prices by mining other cryptocurrencies, according to the CEO of CryptoQuant. Ki Young Ju says that Bitcoin’s hashprice is now at an all-time low, potentially causing a slowdown in investments for mining companies and prompting them to look to other, cheaper proof-of-work (PoW) coins […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

June 29, 2024 Bitcoin.com

Bitcoin

With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion

June 28, 2024 Bitcoin.com

Bitcoin mining

Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

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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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations

June 27, 2024 Bitcoin.com

Acquisition

In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

June 26, 2024 Bitcoin.com

Bitcoin (BTC)

A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto

June 25, 2024 Bitcoin.com

Biden Administration

The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal

June 24, 2024 Bitcoin.com

Bitcoin

Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement. This rise occurred even as bitcoin […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

June 21, 2024 Bitcoin.com

Bitcoin mining

Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating

Unique Residential Bitcoin Mining House in Dallas Listed for $2.4M

June 19, 2024 Bitcoin.com

Bitcoin

According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas Neighborhood A newly listed home on […]

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Trading Volumes on Korean Exchanges Surge With DOGE and XRP Dominating