Bitcoin miners

In the face of miner capitulation, the Bitcoin (CRYPTO: BTC) market is showing impressive fortitude, keeping its price stable due to high demand. What Happened: According to popular on-chain analytics firm CryptoQuant, hash ribbons, the metric that gauges the health of the Bitcoin mining ecosystem...

In his latest attempt to garner support from the cryptocurrency demographic, former President Donald Trump has expressed his support for Bitcoin (CRYPTO: BTC) miners, promising to champion their cause. What Happened: Trump had a meeting with Bitcoin miners at his Mar-a-Lago resort, Bloomberg...

In a recent development, Bitcoin (CRYPTO: BTC) mining company Riot Platforms Inc. (NASDAQ:RIOT) has increased its stake in competitor Bitfarms Ltd. (NASDAQ:BITF) to 12%. What Happened: Riot Platforms acquired roughly 1.5 million shares of Bitfarms at an approximate price of $2.45 per share, as per...

Bitcoin (CRYPTO: BTC) miners are offloading their holdings to raise capital to expand mining and infrastructure facilities. What Happened: The latest Bitfinex Alpha report attributes the recent price pullback to Bitcoin miners' selling ahead of the upcoming halving event in April 2024....

Bitcoin’s (CRYPTO: BTC) blockchain saw its largest transaction of the year, with $665 million worth of the cryptocurrency changing hands in a single transaction. What Happened: Santiment, an on-chain analytics firm said, “The largest Bitcoin transactions thus far in 2024, worth $665.3M...

Bitcoin miner stocks have witnessed a significant rally in trading volumes compared to blue-chip stocks on the exchange amidst the rise in traders’ interest in Bitcoin. What Happened: Based on data, Bitcoin miners such as Marathon Digital Holdings Inc (NASDAQ: MARA) reported a trading...

Marathon Digital (NASDAQ: MARA) reported a 622.8% surge for 2023, a year that saw it acquire multiple mining sites for $179 million. The company will likely add 390 megawatts of capacity to its portfolio. The current capacity stands at 584 megawatts. The transaction is expected to close in the...

Bitcoin-related stocks saw a major surge on Tuesday, riding the wave of strong bullish momentum in the cryptocurrency market. This upswing was primarily driven by increasing optimism surrounding the potential approval of the first spot Bitcoin exchange-traded fund (ETF) by the SEC. Companies like...

On Friday, President Joe Biden showcased a unique mug bearing his image. Initially, the mug displays him wearing sunglasses. However, when filled with hot liquid, the sunglasses disappear, revealing his eyes with a luminous, laser-like intensity. The laser eyes symbol is a popular meme among...

Ahead of the anticipated halving event that will decrease incentives and in the face of growing competition from an increasing hash rate, Bitcoin (CRYPTO: BTC) miners are venturing into new business domains, according to JPMorgan Chase & Co (NYSE: JPM). JPMorgan analysts,...

The forthcoming Bitcoin (CRYPTO: BTC) halving event in 2024 is set to pose a significant challenge for miners as they grapple with decreased rewards and escalating production costs, according to a report. "Miners who have access to cheaper electricity will be better equipped to handle the...

Standard Chartered, a multinational banking and financial services company, is expecting a meteoric rise in the value of the leading cryptocurrency Bitcoin (CRYPTO: BTC) The firm predicts Bitcoin may ascend to $50,000 within this year and achieve an impressive $120,000 by the close of 2024....

Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency network appears to have been infiltrated by an unidentified miner.  What Happened: A Twitter user ‘tulkoo' was the first to point out the new player in Bitcoin mining. New player just entered the game?#Bitcoin pic.twitter.com/...

Economic figures released at the start of trading on Thursday showed that producer price inflation (PPI) fell by 0.5% in March, below expectations of a flat number, and weekly jobless claims increased more than expected by 11,000 to 239,000. The two readings suggest that a...

A new bill in Texas is expected to make the state less appealing for Bitcoin (CRYPTO: BTC) miners. Republican Senators Lois Kolkhorst, Donna Campbell, and Robert Nichols propose eliminating tax breaks and requiring miners using over 10 megawatts (MWs) to register as flexible load operators...