Bitcoin miners have been seen offloading again as reserves slump to a yearly low, dropping more than 10,000 BTC in a single day.
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
Bitcoin miners' reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows.
Bitcoin miner profitability is on show for all to see amid concerns over BTC price susceptibility to their activities.
Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints.
Blockstream CEO Adam Back says 2023 presented a unique investment opportunity with Bitcoin’s price doubling amid low ASIC miner prices on secondary markets.
BTC price action obliterates latecomers betting on continued upside as Bitcoin analysts and miners breathe a sigh of relief.
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
AntPool said it would verify the identity of the sender if they sign an on-chain message via another bitcoin transaction using the same message – which will prove ownership.
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house the incoming generation of ASIC servers and increase Bitcoin production.
Someone paid $3.1 million in transaction fees for a bitcoin [BTC] transfer on Thursday. Bitcoin miner Antpool was rewarded for mining the block, it received the standard 6.25 BTC as well as 85.2163 BTC in fees for all transactions included in the block, on-chain data shows.
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.
While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train.
Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push.