Finance News – Bitcoin Miner
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Bitcoin miner production falls in June on power curtailment, weather
During June, Bitcoin mining companies reduced their output in response to power limitations and weather conditions, aiming to manage expenses related to high electricity demand in...
Read Full Article →Bitcoin Miner Hut 8 Jumps 15%, Leading Sector Higher After Inking 5-Year Energy Supply Deal
Hut 8’s new long-term energy agreement with Ontario’s electricity operator is expected to stabilize operational costs, potentially enhancing profitability and influencing investor...
Read Full Article →CoreWeave makes another bid to acquire Bitcoin miner Core Scientific: WSJ
In June 2024, CoreWeave proposed a nearly $1 billion acquisition of Core Scientific, highlighting a significant financial move that was ultimately declined by the Bitcoin mining co...
Read Full Article →The Daily: BTC treasury companies having a weaker impact on price than ETFs, Tether sets sights on b...
Bitcoin treasury companies appear to influence market prices less significantly compared to exchange-traded funds, while Tether aims to expand its role in the cryptocurrency mining...
Read Full Article →Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan
JPMorgan revised upward its valuations for leading Bitcoin mining companies, signaling expectations of stronger profitability and more favorable market conditions within the sector...
Read Full Article →Bitcoin Miner MARA Holdings Posts Record Block Wins, Produces 950 BTC in May
MARA Holdings experienced substantial growth in cryptocurrency production last month, increasing its digital asset generation by over one-third compared to April and reaching a pea...
Read Full Article →Paraguay deports three undocumented immigrants after crypto mining theft attempt
The incident highlights potential financial risks for Paraguay’s crypto mining sector, as unauthorized activities and theft attempts could undermine investor confidence in its emer...
Read Full Article →Bitdeer’s Q1 mining revenue drops 41% YoY, net income surges on derivative gains
Despite a significant decline in mining revenue compared to the previous year, Bitdeer experienced a substantial increase in net income primarily driven by profits from financial d...
Read Full Article →The Daily: Arthur Hayes calls to ‘buy everything’ as US-China tensions ease, Trump-linked bitcoin mi...
Arthur Hayes encourages widespread investment amid improving US-China relations, while a cryptocurrency mining company associated with former President Trump prepares for a potenti...
Read Full Article →Bitcoin miner Hive taps Paraguay for low-cost energy partnership
By securing low-cost renewable energy and expanding its Paraguay facilities, Hive aims to reduce operational expenses and increase Bitcoin production, enhancing profitability amid...
Read Full Article →Riot Platforms Sells $44 Million in Bitcoin Amid Mining Industry Headwinds
Riot Platforms generated $44 million by liquidating a substantial portion of its Bitcoin holdings, including all coins mined in April, reflecting adjustments to challenges within t...
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