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
Bitcoin Halving
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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
Bitfarms stock rises 22% after Q2 loss came out better than expectations
Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report. Go to Source
World’s largest Bitcoin miner increased BTC holdings by $124M in July
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’ Go to Source
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April. Go to Source
What happens when 1% of Bitcoin holders control 99% of BTC supply?
Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply. Go to Source
Political undertones stand out as Bitcoin 2024 hits Nashville
The Bitcoin 2024 conference is underway in Nashville – with Donald Trump’s address scheduled for July 27 a major drawcard to the event. Go to Source
