From BTC to HPC: Miners signal evolving focus after the halving

blockworks.co Bitcoin miners have spoken after the halving. Many have said they are looking to wade deeper into the high-performance computing (HPC) space in a world of lower BTC rewards.…

Bitcoin Mining Profitability Hits An All Time Low, But Here’s Who Is Still Thriving

forbes.com The halving—a quadrennial event that reduces the number of bitcoins miners generate in each block—dropped Bitcoin’s block subsidy from 6.25 BTC to 3.125 BTC. Miners now earn…

DePIN is a lifeline for Bitcoin miners, says Livepeer CEO

cryptobriefing.com miners might turn to the DePIN ecosystem to turn mining facilities profitable after the latest halving cut block rewards to 3.125 BTC, shared Livepeer CEO Doug Petkanics…

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

coindesk.com None Hut 8 owns more than 9,100 bitcoin giving it a large amount of capital for future projects, the report said. • None Craig-Hallum upgraded the stock to buy from hold…

Crypto Stocks Plunge Amid Decline in Market Sentiment

coingape.com Crypto stocks are trading in the red zone amid the recent correction in the digital asset market. This bearish trend comes in a week that saw a slight recovery as optimism…

Rival miners Marathon, Core Scientific each think they have an edge over peers

blockworks.co Following the recent reduction in bitcoin mining rewards, the largest public bitcoin miners have begun to hone in on fresh strategies in an attempt to maintain a competitive…

Ki Young Ju: Bitcoin Has What it Takes to Sustain a $265,000 Price Tag

bitcoinnews.com According to CryptoQuant CEO Ki Young Ju, the world’s leading digital asset could potentially surge to a remarkable $265,000. To comprehend this bold prediction of bitcoin…

Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024

cryptonews.com Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference. According to a recent report by the South China Morning Post, the new A1566 model marked the…

Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings

cryptonews.com Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024. In its…

Bitcoin Miner Hut 8 Witnesses 36% Drop in Output

bitcoinnews.com Hut 8, one of the major Bitcoin mining companies in North America, has seen a significant decline in its proprietary production for April, reporting a mining output of 148…

AI-hungry tech giants can’t build fast enough. They’ll need Bitcoin miners to help

dlnews.com Artificial intelligence — and the business behind it — is presenting new opportunities for Bitcoin miners. While miners have traditionally relied on Bitcoin rewards as their…

Mining Company Hut 8 Extracts 36% Less Bitcoin After Halving

beincrypto.com In April, Hut 8, a major player in North America’s Bitcoin mining scene, reported a significant 36% reduction in its Bitcoin production. This drop has come in the wake of…

Bitcoin Can Support Triple Market Cap With Price Reaching $265,000: CryptoQuant CEO

thecryptobasic.com CryptoQuant CEO suggests Bitcoin could sustain a $265,000 price, backed by network fundamentals that support three times its previous cyclical top. A recent analysis by Ki…

Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April

news.bitcoin.com North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of…

Bitcoin Sees Longest Miner Consolidation Period Since Trading Near $16K

cryptopotato.com While the effects of the fourth halving slowly set in, Bitcoin miners appear to be selling less and holding onto more BTC after the recent block reward reduction. In fact,…

Public Mining Companies Experience Production Decline of 6-12% in April Post-Halving

cryptonews.com Public mining companies have reported decreases in Bitcoin production ranging from 6% to 12% for the month of April following the halving event. Major Bitcoin miners,…

Bitcoin Miners Report Declines in Production as Profitability Slumps

cryptopotato.com One of America’s largest crypto mining companies, Hut 8, has reported a sharp drop in proprietary production for April, according to a company announcement on May 6. The…

Bitcoin Miner Hut 8 Energizes Salt Creek Site

tftc.io Hut 8, one of North America's largest Bitcoin miners, has reported the successful online launch of 63 megawatts (MW) at its Salt Creek facility. This development comes as…

7 Crypto Mining Stocks That Could Make You a Fortune (If You Dare)

investorplace.com Here are some of the top crypto mining stocks to buy on dips Over the last few weeks, Bitcoin (BTC-USD) plummeted from a high of $71.618 to a recent low of $56.814. Diving…

Bitcoin Mining Companies Soar Amid Gains In Crypto Stocks

coingape.com mining companies have recorded gains in the wake of new inflows in the price of the asset sparking a larger rebound in crypto stocks. Crypto stocks are assets whose value is…

Hut 8 Operations Update for April 2024

benzinga.com Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest…