American Bitcoin reported a quarterly net income of $126 million on Wednesday, but rising mining costs and falling profits from mining raise questions about its long-term strategy as major rivals pivot towards artificial intelligence. The […]
Key Takeaways Riot Platforms sold 10,599 BTC for $751.5 million in Q3, bringing its 2026 sales to 20,264 BTC worth nearly $1.5 billion, as it shifts capital toward AI and data center infrastructure.Hut 8 sold […]
Bitcoin miners spent years securing cheap electricity, building substations, and negotiating the grid connections needed to power their operations. Now AI companies want those connections so badly they’re willing to make aging mines valuable real […]
The investment company SWI Group has raised about $900 million in capital as part of plans to scale its data center and AI computing capacity, which includes a mining operation previously tied to cryptocurrency exchange […]
Key Takeaways Bitcoin miners face mounting pressure as market conditions deteriorate.October’s mining figures reveal an unexpected financial contradiction.November could expose deeper vulnerabilities across the mining industry. Bitcoin Mining Hashprice Slides 17.54% as Profit Margins Tighten […]
Bitcoin’s mining difficulty jumped 5.54% on Oct. 29 as recovering network computing power intensified competition among miners already facing shrinking revenues. Data from Nodewitness shows the adjustment increased difficulty from 140.58 trillion to 148.36 trillion, […]
A Satoshi-era Bitcoin whale transferred 2,650 Bitcoin worth about $203 million to FalconX and Cumberland over-the-counter (OTC) trading desks, in an onchain move that may signal a planned sale or liquidity transaction from the long-dormant […]
Key Takeaways Two solo bitcoin miners independently discovered blocks 973262 and 973413 on consecutive days, beating extraordinary odds.One miner reportedly operated with just 16.2 TH/s, facing a daily success probability of approximately 0.0002%.Despite industrial mining […]
Bitcoin’s transfer value surged 26% to $5.5 billion last week, even as transaction fees paid to miners declined, according to Glassnode. The blockchain analytics firm’s Oct. 26 report showed that entity-adjusted transfer volume climbed from […]
Full-stack compute company Luxor Technology raised $16 million in a strategic round led by CMT Digital. The investment round also saw participation from Canaan, MicroBT, Halo, Steelhead, and additional angel investors, according to a Tuesday […]
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