Bernstein Says Buy the Dip in Bitcoin Mining Stocks Ahead of BTC Price ‘Inflection’
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
Binary trading platforms with better performance and payouts
Bitcoin Mining
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.
ASIC Miners (Sandali Handagama/CoinDesk)
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
The findings have an echo of De Vries’ previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining.
The startup said it created “only non-custodial” mining pool where miners get the new bitcoin block reward for mining directly from the network.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.
The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.
The 280 Kilowatt (kW) pilot project in Utah is already operational.