Bitcoin Miner
Miners are being squeezed as bitcoin’s $70,000 price fails to cover $87,000 production costs
Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.
Bitcoin Miner CleanSpark Produced 685 BTC in June, Hit 16.15 J/TH in Efficiency
The company year-to-date has mined 3,986 bitcoin and now ranks seventh among publicly traded BTC holders with 12,608.
Bitcoin Miner IREN Hits 50 EH/s Midyear Hashrate Target, Eyes AI Expansion
IREN plans to expand its AI infrastructure at its site in Childress, Texas, with a new data center set for delivery by the end of 2025
Bitcoin Miner IREN to Raise $450M From Convertible Debt Offering
The firm plans on using the proceeds to offset potential equity dilution and market risk.
BitFuFu Hits Record 34.1 EH/s Hashrate as Bitcoin Production Surges in May
The mining firm sold 178 BTC near May’s price peak to cover expenses and boost liquidity.
Bitcoin Miners Sold Record Amount of BTC Ahead of May's Price Surge
With hashprice hovering near break-even levels, miners liquidated 115% of April production.
Bitcoin Miner Riot Adds New Board Member to Push AI Pivot
Riot also announced it has hired investment banks Evercore and Northland Capital Markets to lead discussions with potential AI and HPC partners.
Plan a Crypto Mine Near a U.S. Military Base? Expect a Bigger Hassle Now.
The U.S. Treasury Department issued a rule promising extra scrutiny for businesses near military sites, having already targeted a Chinese-backed crypto operation by a Wyoming missile base.
Relm Insurance Introduces BTC-Denominated Policy for Bitcoin Miners
The aim of the policy is to offer bitcoin miners with financial protection against losses from operational interruptions caused by physical damage to equipment or facilities
