As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. BTC Mining Revenues Soar as Hashprice Climbs Miners have seen a marked increase in profitability as BTC exceeded the $ […]
Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent […]
Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from […]
It was an eventful year for bitcoin miners in 2024, with the fourth Bitcoin halving and the cryptocurrency surpassing the $ 100,000 threshold. Kicking off 2025, three publicly traded mining companies posted double-digit gains, while others also delivered solid performances. Bitcoin Miners Ride High: Top Seven Firms by Market Cap Post Gains Currently, bitcoinminingstock.io …
On Jan. 2, 2025, the publicly traded company Bitfufu announced its latest strategic move, securing a partnership with Bitmain to acquire a whopping 80,000 Antminer S units from the prominent ASIC bitcoin mining machine producer. Bitfufu’s Bold Move With Bitmain In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed Bitfufu shared […]