Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
The US miner is now the second-largest by market cap, after flipping Riot Platforms.
Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.
Bitcoin miner Hive Digital has plans to build a 100-megawatt mining facility in Paraguay powered by the nation’s Itaipu hydroelectric dam.
The drop in mining difficulty should spell relief for the largest mining firms.
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.
Bitcoin miner Marathon Digital has reviewed its hash rate target for this fiscal year to 50 EH/s, according to an April 25 statement. Initially, the miner aimed to boost its mining capacity by about 46% by year-end to as high as 37 EH/s from 24.7 EH/s. However, buoyed by its recent acquisition of a 200-megawatt […]
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Bitfarms holds $66 million in cash and 806 BTC in its treasury, giving it a total liquidity of $123 million.
With a market capitalization of $4.2 billion, a $800 million stock offering would effectively dilute CLSK shares by 19%.
Bitcoin network hash rate has reached a new all-time high of over 540 exahashes per second. However, hash price and profitability are sinking again.