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TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf’s success The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Oct. 10, … Read more
Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top Miners The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and … Read more
On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettahash Era? Bitcoin’s computing power has hit new heights, with over 67 EH/s added to the network … Read more
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’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting. In the coming days, it’ll be fascinating to watch how the combination of increased difficulty and dipping prices … Read more
Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend Partnership This contract extension could bring Core Scientific’s (Nasdaq: CORZ) total revenue up to $8.7 billion over the next 12 years. … Read more
Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use the proceeds to fund the expansion its AI … Read more
Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers and focus on enhancing their potential. This partnership aims to … Read more
Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024. Ionic Digital Revives IPO Plan, Reports 2,102 … Read more
With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month. The network’s hashprice, which represents the value of one petahash per second (PH/s) of hashpower, has climbed by over 14% this month. Meanwhile, the network hashrate is sitting just below … Read more
