Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion
Anchorage Digital converted the debt into common stock at a 51% premium. Go to Source
Bitcoin Halving
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Bitcoin set for 3-month historic rally as analysts eye $92K BTC
According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up. Go to Source
Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced … Read more
Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token
The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network. Go to Source
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects … Read more
Bitcoin mining CEO eyes hashrate contracts to offset rising costs
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners. Go to Source
Public miners raised $2.2B as cash flow crunch intensifies post-halving
A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024. Go to Source
Bitcoin’s bull rally will continue another 350 days: Bybit
Bitcoin’s 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up. Go to Source
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue. Go to Source
Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Go to Source
