bitcoin mining

Matrixport, a provider of crypto-related services, indicated that the current market pressure faced by Bitcoin (CRYPTO: BTC) at the $28,000 mark could be attributed to miners needing to liquidate their newly acquired assets. This necessity for liquidation, Coindesk reported, is due to the...

Sen. Cynthia Lummis (R-Wyo.)  has declared her opposition to President Joe Biden’s proposed 30% excise tax on Bitcoin (CRYPTO: BTC) miners. What Happened: Lummis on Thursday tweeted that the tax is a “blatant attempt by the administration to pick winners and losers,” adding that...

Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency network appears to have been infiltrated by an unidentified miner.  What Happened: A Twitter user ‘tulkoo' was the first to point out the new player in Bitcoin mining. New player just entered the game?#Bitcoin pic.twitter.com/...

United States Bitcoin Corp (USBTC) has inked extensive multi-year contracts to accommodate 150,000 Bitcoin mining rigs, among notable companies such as Marathon Digital Holdings (NASDAQ: MARA), reflecting a recovery of the mining sector, striving to bounce back after a challenging 2022. The...

Bitcoin mining company Marathon Digital (NASDAQ: MARA) received a second subpoena from the U.S. Securities and Exchange Commission (SEC) concerning its 100-megawatt data center located in Hardin, Montana. Marathon disclosed in a quarterly report on May 10 that the subpoena, issued on April 10, was...

Bhutan‘s investment arm Druk Holding and Investments, or DHI, has reportedly been mining Bitcoin (CRYPTO: BTC)  for a “few years” in an effort to diversify the country’s portfolio.  What Happened: The CEO of DHI, Ujjwal Deep Dahal, said that mining Bitcoin was part...

Investors are on the hunt for undervalued, underfollowed and emerging stocks and retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern...

Senator Elizabeth Warren (D-MA.)  has voiced concerns about the environmental impact and energy consumption of Bitcoin (CRYPTO: BTC) mining in the U.S.  What Happened: In a post on Monday, Warren argued that the rising popularity of cryptocurrency is causing increased energy bills for millions of...

Investors are on the hunt for undervalued, underfollowed and emerging stocks and retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern...

Cryptocurrency markets have experienced a significant rebound over the past month, with Bitcoin (CRYPTO: BTC) leading the way, according to JPMorgan Chase & Co. research. The bank highlighted both Bitcoin and gold have seen gains as they are considered safeguards against a potential "...

A new bill in Texas is expected to make the state less appealing for Bitcoin (CRYPTO: BTC) miners. Republican Senators Lois Kolkhorst, Donna Campbell, and Robert Nichols propose eliminating tax breaks and requiring miners using over 10 megawatts (MWs) to register as flexible load operators...

The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), posted a gain of 6.2% in the first quarter of 2023, while technology stocks in the Nasdaq 100 index, which is tracked by the Invesco QQQ Trust Series 1 (ARCA: QQQ), fared much better by posting a 20% increase in...

Bitcoin (CRYPTO: BTC) has been long criticized for its high energy consumption and reliance on fossil fuels to power its network. However, a recent study has revealed a surprising fact — "hydro" has become the major power source for Bitcoin mining. What Happened: According to Daniel...

Shares of Bitcoin mining company Riot Platforms Inc. (NASDAQ:RIOT) closed 13.81% higher on Wednesday and have gained over 47% in last one month. That's almost twice the gain registered by Bitcoin (CRYPTO: BTC) during the period. What Happened: The stock has gained prominence after the company...

Cody Harris, a Republican member of the Texas State House, has introduced a resolution expressing support for the Bitcoin (CRYPTO: BTC) economy in the state. In his resolution, Harris urged lawmakers to protect individuals who code or develop on the Bitcoin network, as well as BTC holders and...