Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
A group of more than two dozen residents from Granbury, Texas, has filed a lawsuit against Marathon Digital Holdings, a major crypto miner firm, citing the excessive noise and vibrations from its local Bitcoin mining facility. According to the residents, the crypto mining site, located near their homes, has caused significant disruptions to their daily […]
BTC miners are struggling to adapt to a post-halving environment.
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.
Marathon’s latest 4,144 Bitcoin buy comes after boss Fred Thiel said the company was adopting a “hodl strategy” for the cryptocurrency in July.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes. Thus, Fred Thiel, Chairman and CEO of Marathon Digital is adopting a […]
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.
The miner holds over 20,000 bitcoin and plans to buy more in the open market.
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."
The new NiceHash firmware will combine the advantages of two products.
The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.
Bitcoin mining company Marathon Digital (MARA) is basking in the glow of a successful week, with its stock price surging after inclusion in the prestigious S&P SmallCap 600 index and the announcement of a performance-based executive bonus plan. However, the company’s fortunes remain tethered to the ever-volatile Bitcoin price. Related Reading: Legal Storm Brewing For […]
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 […]
The post Marathon Digital doubles hash rate target to 50 EH/s appeared first on CryptoSlate.
Riot Platforms' share price outpaced other mining firms in the last 24 hours of the trading week, coinciding with a new Texas mining facility announcement.
Anduro utilizes merge-mining, which could allow miners to earn revenue from sidechain transactions while continuing to mine BTC.
While several of Riot Platform’s competitors mined more Bitcoin in 2023, Riot is preparing for 2024’s Bitcoin halving after acquiring 66,560 mining rigs from MicroBT.
Hashlabs Mining co-founder and chief mining strategist Jaran Mellerud said Ethiopia, Nigeria, Kenya, Argentina and Paraguay could pick up more hash rate in the coming years.
The new offering will expedite the process of large and non-standard transactions.
The decline happened as bitcoin spiked above $45,000 during the day as traders anticipate an imminent spot BTC ETF decision in the U.S.
U.S.-listed companies rode bitcoin's bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT.
Mitchell Askew of Blockware Solutions said investors cashed in some profits during the end-of-December holiday period after a strong month.
Marathon said the acquisitions will reduce the cost per coin mined by around 30%
Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023.