bitcoin mining

Sen. Cynthia Lummis (R-Wyo.) slammed Joe Biden's administration proposal to impose a 30% tax on Bitcoin (CRYPTO: BTC) mining operations, calling it a "blatant attack" on innovation and American excellence. What Happened: In a so-called "orange paper" shared on Tuesday, the senator outlined several...

In a huge move for the Bitcoin (CRYPTO: BTC) mining industry, Block Inc. (NYSE:SQ), spearheaded by Jack Dorsey, has sealed its first sale of cutting-edge three-nanometer (3nm) mining chips to Core Scientific Inc. (NASDAQ:CORZ). This historic transaction not only propels Core Scientific to the...

In a remarkable display of resilience and growth, TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have emerged as standout performers in the small-cap crypto mining sector, each delivering impressive year-to-date returns of over 40%. TeraWulf Stock Up 128%: Sustainable Bitcoin Mining...

Cipher Mining Inc. (NASDAQ:CIFR) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000.  The Details: Bitcoin began its recent rally over the weekend after Germany completed the liquidation of its Bitcoin holdings which reduced the selling pressure on the...

Bitcoin (CRYPTO: BTC) miners are looking at a promising future, dubbed a “Goldilocks scenario,” influenced by the “Trump factor,” according to analysts at Bernstein. What Happened: As reported by The Block, analysts Gautam Chhugani and Mahika Sapra noted that the scenario...

Analysts at Bernstein on have rebutted Culper Research’s negative report on Iris Energy Ltd (NASDAQ:IREN), defending the company’s AI and bitcoin mining prospects. What Happened: On Thursday, IREN fell over 13% following Culper’s report, which claimed IREN shares were overvalued...

Block Inc. (NYSE:SQ), the financial technology firm helmed by Jack Dorsey, has made its first sale of 3 nanometer (3nm) mining ASICs to leading Bitcoin (CRYPTO: BTC) miner Core Scientific Inc. (NASDAQ:CORZ). What Happened: According to a press release from Wednesday, Core Scientific will purchase...

Three months after the fourth Bitcoin halving, Bitcoin's mining difficulty has dropped to lows last seen in late 2022. What Happened: Bitcoin's mining difficulty dropped by 7.8% over the weekend, a reduction reminiscent of the decline seen after the FTX collapse in 2022, according to CoinDesk. Data...

Bitcoin mining equipment thefts have emerged as a considerable issue, with recent incidents in Los Angeles and Baton Rouge bringing attention to the rapidly depreciating value of stolen hardware. Bitcoin advocate Jameson Lopp has voiced the impracticality of such thefts, emphasizing the swift loss...

The trustee of Mt. Gox, the defunct Japanese crypto exchange that collapsed a decade ago, announced Friday that the company has started issuing payments in Bitcoin (CRYPTO: BTC) and Bitcoin Cash (CRYPTO: BCH) to some of its creditors. Additional repayments to other users of the compromised exchange...

The cryptocurrency market has experienced a significant downturn. What Happened: Bitcoin (CRYPTO: BTC) and other digital assets plummeted as investors shifted focus toward the impending payout to users of the defunct Mt. Gox exchange. As of 6:00 a.m. EST, Bitcoin’s price had fallen nearly 6%...

Jameson Lopp, a software engineer and Bitcoin (CRYPTO: BTC) advocate, while highlighting two significant busts involving the theft of Bitcoin mining equipment, questioned the objectives of the robbers behind doing so. What Happened: Lopp took to X on Thursday to share news of two separate arrests...

Iris Energy Limited (NASDAQ:IREN), a prominent data center company, announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: BTC) mining expansion. What Happened: This funding, part of a broader capital raise of $425.3 million, comes as Iris Energy aims to enhance its data...

Concerns about Bitcoin (CRYPTO: BTC) miner selling have been resolved, opening the door to a potential rally, according to on-chain data. What Happened: Cryptoquant data shows selling volume from miners diminishing for several reasons: The amount of bitcoin sent by miners to exchanges has dropped...

New research indicates a significant decrease in the selling pressure from Bitcoin (CRYPTO: BTC) miners, suggesting a potential upward trend for the cryptocurrency market in the near future. This shift comes as the market digests the sell-off from miners who have been offloading Bitcoin to cover...