Miners


Finance

Bitcoin Miner Marathon Digital to Buy New Mining Sites for $179M as Reward Halving Nears

Marathon said the acquisitions will reduce the cost per coin mined by around 30%.

MARA Holdings CEO Fred Thiel (CoinDesk)

Finance

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps

The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.

A Hut 8 mining facility (hut8.io)

Markets

Bitcoin's Heading to $150K and Quality Mining Stocks Offer a Good Way to Gain Exposure: Bernstein

Bernstein expects the largest cryptocurrency to hit that level during the 2024-2027 cycle, the report said.

CleanSpark CEO Zach Bradford and Executive Chairman Matt Schultz at the company's CleanBlock facility in College Park, Georgia.

Finance

Listed Bitcoin Miners Could Be the Ultimate Bet for 2024: Matrixport

Investors could see outsized gains by buying a diversified portfolio of publicly listed mining companies, the report said.

Money (Alexander Grey/ Unsplash)

Markets

Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos for 'Fat-Fingers' Error

Miners can choose to return large fees out of goodwill, even though they do not have any obligation to do so.

Bitcoin miners are debating issuing a half a million dollar fee refund to Paxos for a fat finger error. (Shutterstock)

Finance

Largest Crypto Miners Will Benefit Most From Capacity Growth: Bernstein

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Consensus Magazine

Bitcoin Miners Buy Up Rigs as Prices Near All-Time Lows

Miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving.

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Finance

Next Bitcoin Halving Event Could Be a Stress Test for Miners: JPMorgan

The next halving will see a reduction in miners’ revenues and an increase in bitcoin production costs at the same time, the report said.

(Sandali Handagama)

Finance

Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein

Mining stocks have been resurgent this year due to improving sentiment from institutional ETF filings and potential revenue diversification into high-performance computing and AI, the report said.

A Hut 8 mining facility (hut8.io)

Markets

Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs

Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.

Crypto exchanges are facing regulatory headwinds. (Dimitris Vetsikas/Pixabay)