Bitcoin Mining
Bitcoin Miners Likely Selling Their Output at the $28K Level: Matrixport
Bitcoin (BTC) is experiencing selling pressure at the $28,000 price level, and miners may be responsible, crypto services provider Matrixport said in a new report. Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said. "The Hash" panel discusses the key takeaways and what it suggests about the state of bitcoin mining operations.
Marathon Digital CEO Addresses Newly-Passed Mining Bills in Texas
In the past few weeks, two crypto mining bills, SB 1929 and HB 591, are awaiting Texas Gov. Greg Abbott’s signature. The legislation shows support for miners. Marathon Digital Holdings CEO Fred Thiel breaks down how the bills could impact crypto miners in the Lone Star state.
Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted
Two bills that seem to embrace mining have been sent to the governor, whereas one that would adversely affect miners was stopped at the committee stage.
Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M
The company has been busy scooping up assets during the crypto bear market, but discounts may be slimming.
Washington Ignored Crypto for Now. That’s Good for Bitcoin.
A huge tax on BTC miners didn’t make it into a deal to resolve the battle, and a separate provision might actually (unintentionally) help them.
Texas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House Committee
The legislation would have capped the industry's participation in demand response programs.
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
The company earlier this month announced plans to invest part of its profits in BTC purchases and infrastructure.
Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping
The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue.
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner could get as much as $75 million in management fees for the Celsius mining rigs over five years.
