Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold
The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site. Go to Source
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Riot revenue rises 65% from 2023 but says hashrate plans hampered
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility. Go to Source
4 reasons why Bitcoin price is not trading above $70K
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand. Go to Source
Bitcoin price will benefit from rising hashrate, US inflation fears and crypto-friendly presidency
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors. Go to Source
Analysts Link Bitcoin Rally to Trump’s Election Odds – Microstrategy Gains Set Stage for a Breakout
Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto … Read more
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer records grow annually for nine … Read more
Bitcoin miner claims judge, prosecutor, targeted firm with noise laws
Bitcoin mining firm NewRays alleges that Judge Allen Dodson, prosecuting attorney Phil Murphy, selectively enforced noise legislation to target its business. Go to Source
The key misunderstanding with China’s purported BTC hashrate dominance
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%. Go to Source
The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during … Read more
Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement
Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin Market Challenges as Investors Reduce Activity Bitcoin miners continue to demonstrate resilience, as highlighted in Glassnode’s onchain report. … Read more
