Mining
Mining
Mining
Canaan Q3 Revenue Doubles From Strong Mining Demand
Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase. Canaan said […]
Mining
1M coins left to mine as Bitcoin enters ‘5% era’ — miners say the most dangerous part is only beginning
Bitcoin crossed a watershed moment in its monetary history on Nov. 17, surpassing 19.95 million mined coins and pushing the network past 95% of its immutable 21 million supply cap. This leaves the network with […]
Mining
Bitcoin Isn’t a Magical Anarcho-Capitalist Swiss Army Knife
Bitcoin may not be as resilient to network attacks as most think, according to Bitcoin pioneer Nick Szabo, who argues that while Bitcoin is a trust-minimized network, it isn’t entirely trustless and can still be […]
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70% of top Bitcoin miners are already using AI income to survive bear market
Seven of the top ten miners by hashrate report AI or high-performance computing initiatives already generating revenue, with the other three planning to follow suit. The shift pairs miners’ energized land and interconnections with contracted […]
Mining
Ethereum Treasury Company Appoints New CEO Amid Buying Spree
BitMine Immersion Technologies has overhauled its leadership as it continues to amass one of the largest Ether treasuries across publicly traded companies. In a Friday notice, BitMine announced that Chi Tsang would succeed Jonathan Bates […]
Mining
Cleanspark borrows $1.15b at 0% to survive the brutal Bitcoin mining shakeout
CleanSpark just sold $1.15 billion of zero-coupon convertible notes to buy more power and machines in the most brutal mining environment yet. The deal is a 144A private placement due in 2032, with an initial […]
Mining
