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9 424
ππThe Bitcoin mining difficulty has decreased by 4.19% to 86.87 T.
#BTC #Mining
9 424
π Marathon Digital will mark the mined blocks of Bitcoin with the inscription Β«Made in USAΒ».
βοΈ In this way, its representatives want to emphasize the important role of the American mining industry in Bitcoin mining.
#BTC #Mining #MARA
9 424
π Bitfarms co-founder Nicolas Bonta resigns from the board of directors.
It has been a challenging year for the management of Bitfarms, and the company has made another major leadership change.
CEO Ben Gagnon was appointed to the company's board of directors after co-founder Nicolas Bonta resigned.
Bonta found himself in the center of an acquisition battle between the American companies Riot Platforms and Bitfarms.
#BTC #Mining
9 424
π The Iranian authorities will pay a reward of $24 to anyone who reports illegal mining operations.
Against the backdrop of extreme heat, the country is facing an electricity shortage.
#Mining
9 424
π Mining companies' reserves are at the lowest level in 5 years.
#BTC #Mining
9 424
+1
π Marathon Digital just bought another 4,144 $BTC for $249M and now HODLs over 25,000 Bitcoin
#MARA #BTC #Mining
9 424
π After the halving, miners' average income fell from $75M to $30M (-60%).
π Over 720 days, their reserves decreased by 50K $BTC because miners were purchasing new equipment.
They are not at risk, as the net amount in reserve remains at 713K $BTC
#BTC #Mining
9 424
π Bitcoin miner Argo repays $35M Galaxy bailout loan
βοΈ Bitcoin miner Argo Blockchain finished repaying $35 million it borrowed from asset manager Galaxy Digital in 2022 to stave off bankruptcy amid that yearβs crypto bear market, according to an Aug. 12 company filing.
#BTC #Mining #ARBK
9 424
π Mining companies recorded the lowest daily revenue in 2024.
π Daily mining revenues have been consistently declining for two weeks and at the beginning of August reached a new annual low of $2.54 million.
The last time this indicator was observed was in October 2023.
#BTC #Mining
9 424
π Worldβs largest Bitcoin miner Marathon Digital announces $250M raise to buy more Bitcoin
The new raise is part of Marathonβs strategy to go βfull hodlβ and make Bitcoin a strategic reserve asset for the company.
#BTC #Mining #MARA
9 424
ππ¨π³ Chinese mining pools control 57% of the $BTC hash rate, while the πΊπΈUS has 35%.
#BTC #Mining
9 424
π NiceHash Presenting ICERIVER KS0 Ultra ASIC Miner, for mining KASPA ($KAS).
Algorithm: kHeavyHash
Hash Rate: 400 GH/s
Power: 230W
Efficiency: 0.575 J/GH
Noise: β€60db
#Mining
9 424
π List of publicly traded Bitcoin miners, ranked based on $BTC HODL π
#BTC #Mining
9 424
π Bitfarms mining company shares rose by 20% due to acceptable financial results in the second quarter of 2024.
π Bitfarms current hashrate is 11.1 EH/s, compared to 6.5 EH/s in the first quarter.
The company earned 614 $BTC with an average production cost of $30,600.
βοΈ Bitfarms is launching a new platform in Pennsylvania and plans to increase its output to 35 EH/s by 2025.
#BITF #BTC #Mining
9 424
πͺ The cost of Bitcoin production was calculated by the CEO of CryptoQuant.
βοΈ Marathon Digital's report for the Q2 2024 showed that the average cost of mining is $42,969 per BTC.
#BTC #Mining #MARA
9 424
π The world's largest Bitcoin miner increased its BTC reserves by $124 million in a month
πΈ Marathon Digital increased its reserves by 2282 BTC, which is more than $124 million
Company's bitcoin holdings total 20,818 BTC, which is more than $1.14 billion
#BTC #Mining #MARA #Hodl
