Bitcoin Mining

Bitcoin Mining

Markets

Bitcoin Miners Posted Record Profits in 2Q as HPC Push Accelerated, JPMorgan Says

Rising bitcoin prices, improved efficiency, and heavy investment in high-performance computing fueled a strong second quarter for miners, the bank said.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Finance

CleanSpark's Bitcoin Stack Rose to More Than 13K in September

The bitcoin miner produced 629 bitcoin in September, and sold 445 tokens for about $49 million.

(Jesse Hamilton/CoinDesk)

Finance

Canaan Shares Jump Over 12% as it Lands Largest U.S. Order in 3 Years

The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.

Racks of mining machines.

Markets

Bitcoin Miners' Market Cap Hit a Record in September: JPMorgan

The average network hashrate rose 9% to an average of 1,031 EH/s last month, according to the bank.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Cipher Is the Latest Bitcoin Miner to Pivot to AI; Price Target Raised to $16: Canaccord

The broker maintained its buy rating on the stock and raised its price objective to $16 from $12.

Racks of mining machines.

Markets

Bitcoin Miner IREN Has 80% Potential Upside Thanks to Big Bet on AI Cloud: Bernstein

The broker hiked its IREN price target to $75 from $20 while reiterating its outperform rating on the stock.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Finance

CleanSpark Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime

The credit facility allows CleanSpark to leverage its bitcoin holdings to fund expansion without selling the asset.

(Jesse Hamilton/CoinDesk)

Markets

Bitcoin Mining Profitability Fell in August, Jefferies Says

U.S.-listed mining companies accounted for 26% of the Bitcoin network last month, unchanged from July, the report said.

(Shutterstock)

Markets

Bitcoin Miners Surge Following Microsoft’s $17.4B AI Bet

The big gains for players like Bitfarms, Hut 8 and Cipher Mining came despite lame price action for bitcoin.

(Shane McLendon/Unsplash)