As bitcoin (BTC) continues to trade a few thousand dollars below $100,000, miners are struggling to run their operations, and as a result, most of them are capitulating. A report by CryptoQuant analyst Darkfost revealed that the Hash Ribbons metric, an indicator that tells the health of the Bitcoin network by tracking hash rate fluctuations, […]
A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare […]
Coinbase stands as the largest publicly traded blockchain company, with a market cap of $71.2 billion as of February 8, 2025. This figure places it far ahead of its closest competitor, Galaxy Digital, which holds a market cap of just $6.7 billion – making Coinbase more than ten times larger. Furthermore, the exchange’s valuation has […]
On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS provides exposure to Bitcoin Miners and the global Bitcoin mining industry at a time when we’re seeing unprecedented interest and growth in […]
Rosseti Group – Russia’s leading electric grid operator – has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization, and fostering economic growth. Rosseti Targets Crypto Mining to Use Idle Power According to the report, Rosseti’s […]
Bitcoin ASIC manufacturer Canaan announced the launch of its latest products, the Avalon Mini 3 and Nano 3S, at CES 2025 in Las Vegas. These Bitcoin mining devices aim to simplify cryptocurrency mining for individuals while incorporating unique dual-purpose functionality. According to the official press release, the Avalon Mini 3 combines high-performance Bitcoin mining with […]
Nevada-based Bitcoin mining firm – CleanSpark – has reached a significant milestone by surpassing 10,000 BTC in its treasury. All the Bitcoins were mined exclusively from its US-based operations. The latest figure reflects a 236% year-over-year (YoY) increase in its Bitcoin holdings. CleanSpark Hits Milestone Zach Bradford, CEO and President of the firm attributed the […]
The rapid evolution of quantum computing could pose significant threats to Bitcoin’s ecosystem according to CryptoQuant. A new analysis by the platform revealed two critical areas that could be targeted are – mining and private key security. Bitcoin’s Dual Vulnerabilities Bitcoin miners rely on a nonce and the SHA-256 hash function to secure the network […]
The world’s second-largest corporate holder of Bitcoin, MARA, also known as Marathon Digital Holdings, has lent out around 16% of its treasury. In a production and mining operation update released on Jan. 3, the firm revealed that 7,377 BTC, worth around $730 million at current prices, has been “temporarily loaned to third parties.” Its total […]
Cloud mining bitcoin platform, BitFuFu has entered into a two-year agreement with Bitmain, to acquire up to 80,000 S-series mining rigs. The deal includes Bitmain’s latest S21 XP and S21 Pro models, which marks a major expansion for BitFuFu’s operations. According to the original press release, the agreement allows BitFuFu to purchase miners in stages, […]