Bitcoin Mining


Markets

Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates

The bank sees new upside for bitcoin miners as HPC partnerships reshape the sector.

Racks of mining machines.

Markets

Hobbyist Miner Beats "1 in 180 Million Odds" to Win $265K Bitcoin Block Using Just One Old ASIC

The winning miner controls just 0.0000007% of Bitcoin’s total network hashpower, which recently hit a record 855.7 exahashes per second.

Racks of mining machines.

Finance

Trump Family-Linked American Bitcoin Posts Q3 Profit, Doubles Revenue

The shares slumped more than 13% in pre-market trading as the price of bitcoin tumbled.

Eric Trump speaks at Consensus 2025 in Toronto (CoinDesk)

Markets

Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

With block rewards set to plunge, only miners with energy control or AI pivots are likely to survive, Thiel argues.

Marathon Digital CEO Fred Thiel (CoinDesk)

Markets

Microsoft Deal Supercharges IREN’s AI Ambitions, Canaccord Says

The broker reiterated its buy rating on the stock while raising its price target to $70 from $42.

Data center servers (Taylor Vick/Unsplash)

Markets

Bitcoin Miner IREN Posts Record First-Quarter Earnings, Looks to Growth in AI

The company is targeting $3.4 billion in AI Cloud ARR by end of 2026 with expansion to 140,000 GPUs and strengthened financing position.

An engineer sits at a bank of crypto mining rigs.

Finance

Cango Eyes Strengthening of Bitcoin Mining Operations, Entry Into AI HPC Market

The Chinese automotive transaction firm turned bitcoin miner Cango issued an update to its shareholders.

Cango reception (Credit: Cango)

Markets

Jefferies Sees Solid Quarter but Limited Upside for Bitcoin Miner MARA

The bank kept its hold rating on the stock and trimmed its price target to $16 from $19.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Hut 8’s Tuesday Tumble Misguided and a Buying Opportunity: Benchmark

Investors overreacted to the absence of a hyperscaler deal announcement, overlooking Hut 8’s long-term potential in AI, energy, and bitcoin infrastructure.

A Hut 8 mining facility (hut8.io)

Finance

Cipher Mining Surges 19% $5.5B Amazon Web Services HPC Deal

The crypto miner is pushing deeper toward AI infrastructure with AWS lease, new West Texas data center plans.

Data center servers (Taylor Vick/Unsplash)