bitcoin mining

A new report predicts a substantial rise in production costs due to the halving, with electricity and overall production costs nearly doubling. What Happened: The report by Coinshares estimates the average production cost per Bitcoin (CRYPTO: BTC) among listed mining companies is now approximately...

Hut 8 Corp (NASDAQ:HUT) shares have been in focus with the Bitcoin halving event impacting miners. Following the merger of "old HUT" with US Bitcoin Corporation (USBTC), which closed in November 2023, the prospects of the new entity have been buoyed by diversified revenue streams and initiatives to...

As Bitcoin inches closer to its highly anticipated halving event, analysts at JPMorgan (NYSE:JPM) are throwing cold water on expectations of a subsequent price surge. What Happened: Their report, released on Wednesday, argues that the halving has already been priced into the market, potentially...

Spot Bitcoin exchange-traded funds (ETFs) saw another net outflow day on Tuesday, totaling $58.03 million in a single day. What Happened: According to data from SoSoValue, the Grayscale Bitcoin Trust (OTC:GBTC) experienced the largest outflow, with $79.38 million exiting the fund, contributing to...

The upcoming Bitcoin (CRYPTO: BTC) halving event, expected on April 20, could impact the Bitcoin mining industry, according to a recent JPMorgan report. What Happened: The report by analysts Reginald Smith and Charles Pearce highlights the potential implications of the Bitcoin halving event, which...

JPMorgan analyst Reginald L. Smith highlights the investment cases for Riot Platforms Inc (NASDAQ:RIOT) and Iris Energy Ltd. (NASDAQ:IREN), emphasizing their potential for growth and profitability. Riot Riot Blockchain stands out as a key player in the bitcoin mining landscape, boasting operational...

The so-called Bitcoin halving is nearly upon us. Once it occurs, presumably later this month, the rate at which bitcoins are minted will be reduced. Benzinga asked the CEOs of three mining companies — Riot Platforms Inc (NASDAQ:RIOT), Marathon Digital Holdings Inc (NASDAQ:MARA), and Hut 8 Corp (...

A JPMorgan Chase and Co. analyst note on Monday pointed out that despite Bitcoin (CRYPTO: BTC) prices hitting record highs in March, the performance of mining stocks has been more volatile. What Happened: JPMorgan analyst Reginald Smith pointed out that Bitcoin’s price soared to an average...

The crypto mining sector experienced a tumultuous first half of March despite Bitcoin itself reaching new all-time price highs, according to a JPMorgan Chase report. What Happened: The report, led by analysts Reginald L. Smith and Charles Pearce, detailed complexities of the Bitcoin (...

A new report has revealed that more than 11% of all Bitcoin (CRYPTO: BTC) is now held by a diverse group of institutional investors. What Happened: Publicly traded companies, private firms, countries and exchange-traded funds (ETFs) collectively hold a staggering 2,511,273 Bitcoin,...

Gold advocate and Bitcoin (CRYPTO: BTC) critic Peter Schiff on Thursday, ridiculed the miners, questioning the drop in Bitcoin mining stocks, particularly as the leading cryptocurrency witnessed a surge. What Happened: Schiff on X said, “What’s going on with Bitcoin miners? $WGMI, a...

Sen. Cynthia Lummis (R-Wyo.) on Sunday expressed her support for Bitcoin (CRYPTO: BTC) mining and its benefits to the country’s energy infrastructure.  What Happened: She said on X, "As I've said for years, bitcoin mining is GOOD for America's energy grids and the development of new/...

A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States...

Crypto lender Celsius Network LLC (CRYPTO: CEL) has officially emerged from bankruptcy. What Happened: Up to $3 billion (in liquid cryptocurrency, fiat and Ionic Digital stock) will be repaid to Celsius creditors. This move follows the approval of the company's reorganization plan by the...

Bitcoin (CRYPTO: BTC) mining company GRIID Infrastructure (NASDAQ: GRDI) commenced trading in the U.S. market on Monday, following its initial public offering in Canada earlier this month. The Cincinnati-based company, which operates mining facilities in New York and Tennessee, merged...