hash rate

Shares of MARA Holdings Inc. (NASDAQ:MARA) are trading higher in Wednesday’s pre-market trading after the Bitcoin (CRYPTO: BTC) miner announced an ambitious hashrate target by year-end. What Happened: CEO Fred Thiel said the company wants to achieve 75 exahashes by the end of...

Cipher Mining, Inc. (NASDAQ:CIFR) shares rose in Wednesday’s pre-market session as the company scales up its Bitcoin (CRYPTO: BTC) mining operations. What happened: Cipher's Black Pearl facility in Texas commenced operations last week with an initial hashrate of 2.5 exahashes per second (EH/s...

Leading U.S.-based firms were competing hard to mine more Bitcoin (CRYPTO: BTC), with many increasingly retaining the newly-created coins for long-term benefits. What happened: American Bitcoin mining companies added nearly 16 ExaHash per second of mining capacity, or an 8% increase, from November-...

Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) recorded a sharp uptick in hash rate on Sunday after a mining company disclosed that the two coins yielded three times the profit as mining Bitcoin (CRYPTO: BTC) alone. What happened: Litecoin's hash rate jumped from 1.48 PetaHashes per second to a...

MARA Holdings Inc. (NASDAQ:MARA) exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: BTC) mining operations, emphasizing the significance of the U.S. controlling a larger portion of the global hash rate for economic sovereignty. What Happened: ...

Iris Energy Limited (NASDAQ:IREN) reported its fiscal-year financial results after Wednesday's closing bell. Here's a look at the key figures from the report.   The Details: Iris Energy reported record fiscal-year Bitcoin (CRYPTO: BTC) mining revenue of $184.1 million, up from $75.5 million last...

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...

Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock...

After the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology was revised last week, JPMorgan (NYSE: JPM) lowered its Bitcoin (BTC-USD) production cost estimate to $18,000 from $21,000. JPMorgan analysts led by Nikolaos Panigirtzoglou added that electricity price changes...

Financial services firm Cantor Fitzgerald has highlighted Riot Platforms (NASDAQ: RIOT) as their top pick in the Bitcoin (CRYPTO: BTC) mining sector. The firm's confidence in Riot's potential is evident as it set a price target of $23.00, more than double its current price of $10.98....

Central Asian country Kazakhstan has become one of the world’s leading hubs for Bitcoin (CRYPTO: BTC) mining, ranking behind the United States and China. What Happened: This comes after China in August 2021 suspended mining and trading operations, placing the U.S. at the top — and...

Bitcoin mining company Riot Blockchain Inc (NASDAQ: RIOT) announced a milestone purchase for $138.5 million worth of mining equipment yesterday. What Happened: The company purchased 42,000 S19j Antminers from Bitmain Technologies Limited as part of a strategic initiative to increase its...