Bitcoin Mining


Tech

'A Race Toward Zero': With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever

ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.

GettyImages-643942724

Markets

Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain

This marks the second 10,000+ machine order from Marathon since August.

Stack of bitcoin miners

Tech

This New Service Plays Matchmaker Between Solo Miners, Big Mining Farms

Compass by HASHR8 matches individual miners with mining farms to host their hardware.

Bitcoin mining equipment

Finance

Bitcoin Miner Marathon Eyes Profitability Boost Through Joint Venture with US Power Provider

The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.

electricity pylons

Markets

Bitcoin Miners Saw 11% Revenue Drop in September

Miners generated an estimated $328 million in September.

Monthly aggregate bitcoin mining revenue since Jan. 2016

Markets

Canaan Shares Dipped Only 2% in Q3 in Fourth Straight Quarterly Drop

The Nasdaq-listed mining manufacturer dropped 2% in Q3.

Quarterly returns for shares of Canaan Creative since Q4 2019

Markets

MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share

The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.

MicroBT's Southeast Asia production center

Policy

Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining

Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.

Azadi Tower, Tehran

Markets

Marty Bent on Why Bitcoin and Big Energy Are Unlikely Allies

Bitcoin mining can help big energy companies produce more efficiently, increasing American energy independence in the process.

(grandriver/iStock via Getty Images Plus)

Finance

Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight

A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.

Jihan Wu