Bitcoin Mining Is So Back (Except It’s AI Now)
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It’s paying off, at least in their stock prices.
Mining
As DOE Preps for Take Two of Controversial Crypto Mining Survey, Industry Weighs in
After the U.S. Department of Energy’s (DOE) first attempt to survey crypto mining companies about their energy usage was kneecapped by a lawsuit, the department is getting ready to try again – but this time, it’s seeking input from crypto industry participants.
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue
The miner has mined 93 million worth of KAS tokens since Sept. 2023.
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
Bitcoin Miners Cash in on BTC Rally as Crypto Exchange Transfers Hit Two-Month High
Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.
Venezuela to shut down cryptocurrency mining farms
Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema … Continue reading
The post Venezuela to shut down cryptocurrency mining farms appeared first on Finbold.
U.S. Senate’s Warren Warns National Security Chiefs About Iranian Crypto Mining
U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions.
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.