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Bitcoin Mining
These Two Bitcoin Miners from Wall Street Secure Major Financing as BTC Hits $108K
- CleanSpark secures $650 million through zero-coupon convertible notes while implementing shareholder protection measures.
- Bitfarms continues its ATM program with $87 million remaining as both miners strengthen their positions for future growth.
Wednesday, 18/12/2024 | 08:10 GMT by
Damian Chmiel
Wall Street Bitcoin Miners Just Made Millions, Profits Hit 7-Month High: Here's How
- BTC mining profitability hit a new record in December, with hashprice rising 5% despite miners selling significant holdings.
- US-listed miners now control 29% of the global network hashrate, though facing challenges due to rising mining difficulty.
Tuesday, 17/12/2024 | 08:13 GMT by
Damian Chmiel
This Is the 8th Wall Street Bitcoin Miner to Report Lower BTC Production in November
- HIVE Digital mined 103 Bitcoin in November, joining the ranks of other publicly listed BTC companies that have revealed lower outputs.
- In the meantime, it announced a major equipment purchase to triple its mining capacity to 15 EH/s by summer 2025
Monday, 09/12/2024 | 08:37 GMT by
Damian Chmiel
7th Bitcoin Miner from Wall Street Reports a Drop in BTC Production in November
- Core Scientific reports mixed November performance with 314 self-mined Bitcoin, down from October's 369.
- This week, six other big publicly listed miners reported lower production outputs despite BTC's march to $100K.
Thursday, 05/12/2024 | 12:58 GMT by
Damian Chmiel
Wall Street Bitcoin Miner BitFuFu Launches Private-Label Pool, Holds 1664 BTC
- The pool offers commission rates starting at 0.4%, coinciding with Bitcoin's rise to $100K.
- The company is directing its self-mining hashrate to the new pool, planning to allocate 100%.
Thursday, 05/12/2024 | 11:34 GMT by
Tareq Sikder
Wall Street Bitcoin Miner Hut 8 Launches $500M ATM and $250M Stock Repurchase
- The firm filed a shelf registration statement with the SEC for US and Canadian compliance.
- The company reported $43.7 million in Q3 revenue and a net income of $0.9 million.
Wednesday, 04/12/2024 | 15:11 GMT by
Tareq Sikder
Wall Street Bitcoin Miners Report Lower November Production Despite BTC Rising to $100,000
- Major BTC miners reported mixed November production results amid a 7% network difficulty increase.
- Although production declined for the 5th consecutive month, higher crypto prices led to a nearly 25% increase in revenue.
Wednesday, 04/12/2024 | 08:02 GMT by
Damian Chmiel
Bitcoin Miner Argo Blockchain Secures £4.2M Lifeline as Mining Margins Shrink
- The Wall Street BTC miner raised £4.2M through a share placement to fund strategic initiatives and working capital needs.
- The company plans to use the proceeds to expand into high-performance computing amid challenging market conditions.
Monday, 02/12/2024 | 07:38 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Wants to Be New MicroStrategy: Currently Holds $3.3B in BTC
- MARA has executed a strategic $1 billion zero-interest convertible note offering to acquire 6,474 Bitcoin.
- The company maintains $160 million in reserve for future purchases, becoming the 2nd biggest public BTC holder.
Thursday, 28/11/2024 | 08:52 GMT by
Damian Chmiel
The Biggest Bitcoin Miner from Wall Street Calls for US Strategic Reserve amid Global Race
- MARA warns that national security is at risk without Bitcoin dominance through mining operations and strategic reserves.
- The company highlights the narrow gap between US and Chinese Bitcoin holdings, urging the development of domestic mining capabilities.
Wednesday, 27/11/2024 | 07:28 GMT by
Damian Chmiel
Wall Street Bitcoin Miner BTC Digital Focuses on Renewable Energy for Mining
- The firm announces expansion of Bitcoin mining facilities in Arkansas, Tennessee, Georgia, and Missouri.
- Expansion plans include building new facilities, acquiring existing mines, and forming joint ventures.
Tuesday, 26/11/2024 | 14:57 GMT by
Tareq Sikder
Wall Street Bitcoin Miners Equipment Worth Millions Stranded as U.S. Tightens Screws
- U.S. Customs is allegedly detaining the latest-model Bitmain Bitcoin mining equipment at multiple ports.
- Bitcoin mining firms from Wall Street face mounting storage fees and delays exceeding two months.
Tuesday, 26/11/2024 | 08:07 GMT by
Damian Chmiel
Texas Orders Wall Street Bitcoin Miners to Register as Grid Concerns Mount
- Local regulators mandate registration for crypto mining facilities using over 75MW of power.
- Large BTC miners like Marathon and Riot run some of their data centers in the state.
Monday, 25/11/2024 | 08:00 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Buys 11,500 New Rigs, While BTC Approaches $100,000
- HIVE Digital orders 5,000 new Bitcoin miners from Canaan, marking its second major purchase this month.
- The company aims to reach 12.8 EH/s hashrate by late 2025 through strategic expansion and efficiency improvements.
Thursday, 21/11/2024 | 09:33 GMT by
Damian Chmiel
Wall Street Miner Canaan Raises $30 Million, Sees 121% Revenue Increase in Q3 2024
- The firm secured a purchase agreement with HIVE Digital Technologies for 5,000 Avalon A15 miners.
- The company mined 147 Bitcoins in Q3 2024, increasing its holdings to 1,231 BTC.
Wednesday, 20/11/2024 | 11:06 GMT by
Tareq Sikder
MARA Stock News: Marathon Digital's Bold $850 Million Move Signals Major Growth Plans
- MARA secures $850M interest-free funding, plans major Bitcoin buy and refinancing of 2026 notes
- Marathon Digital stock stalls, despite the zero-interest note offering signals strong institutional confidence
Tuesday, 19/11/2024 | 11:33 GMT by
Damian Chmiel
Even Top Wall Street Bitcoin Miners Cannot Stay Profitable Despite Soaring Hashrate
- Three major BTC mining companies—Marathon Digital, TeraWulf, and HIVE Digital—reported net losses in Q3 2024.
- Although all firms continued to expand their mining capacity, increased operational costs are killing the profits.
Wednesday, 13/11/2024 | 08:00 GMT by
Damian Chmiel
This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit
- BitFuFu secures credit facility from Antpool Technologies with 6.5% interest rate, backed by Bitcoin collateral.
- The move comes when BTC rises more than 25%, entering the price discovery mode.
Tuesday, 12/11/2024 | 10:10 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Orders 6,500 Canaan Machines in $100M Paraguay Push
- HIVE Digital orders new advanced Bitcoin miners and begins construction of a 100 MW facility in Paraguay.
- The expansion will increase the company's BTC mining capacity from the current 5.6 EH/s to 12.5 EH/s by Q3 2025.
Monday, 11/11/2024 | 08:34 GMT by
Damian Chmiel
Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
- The firm’s new miners aim to raise its hashrate to 9.3 EH/s, boosting energy efficiency by 37%.
- The company’s cryptocurrency mining upgrade will improve power efficiency to 19.9 J/TH.
Wednesday, 06/11/2024 | 12:52 GMT by
Tareq Sikder
Wall Street's Bitcoin Miners Boost Production, but Revenue Falls for 4th Straight Month
- Major U.S. BTC mining companies reported increased production in October 2024, with MARA leading at 717 Bitcoins mined.
- However, JPMorgan reports declining profitability as the network hash rate reached a record 702 EH/s.
Tuesday, 05/11/2024 | 07:20 GMT by
Damian Chmiel
Wall Street Bitcoin Giant MARA Flexes Mining Muscle with 14% Hashrate Surge
- MARA mined 717 Bitcoins in October, its best month since April's halving while increasing its hash rate to 40.2 EH/s.
- The company benefited from significant transaction fees and remains on track for its 50 EH/s year-end target.
Monday, 04/11/2024 | 13:41 GMT by
Damian Chmiel
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