Bitcoin Miners

Marathon Digital to Buy $121M of Mining Machines From Bitmain

The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.

Business  ·  2 August 2021

China’s Anti-Crypto Crackdown Is Different This Time

Miners leaving China show the seriousness of new enforcement. But constrained trading and investment are more likely to really matter.

Policy & regulation  ·  22 June 2021

Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown

The Sichuan government has joined other Chinese provinces in ordering local bitcoin mining operations to shut down pending an inspection.

News  ·  18 June 2021

Greenidge to Merge, Becoming First Publicly Traded Bitcoin Miner With a Power Plant

Greenidge's holding company announced the planned merger with Nasdaq-listed Monday.

Business  ·  22 March 2021

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Some institutions have paused their buying, at least for the moment.

Markets  ·  26 January 2021
Bitcoin Miners

Bitcoin Miners Aren’t Responsible for Recent Price Dips, Data Shows

Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price.

Markets  ·  14 January 2021

Bitcoin’s Rally Could Be Caused by a Supply Crunch in China

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.

Markets  ·  18 November 2020

‘A Race Toward Zero’: With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever

ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.

Tech  ·  27 October 2020
Bitcoin Mining

Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.

Business  ·  13 August 2020

Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments

Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer.

Business  ·  11 June 2020

Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price

A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.

Markets  ·  13 May 2020
Bitcoin Mining

Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving

Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.

Tech  ·  5 May 2020

Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company.

Business  ·  1 May 2020

Hut 8: The Struggles of One of Canada’s Largest Miners

CoinDesk Research presents an in-depth look into one of the largest publicly listed mining companies, Hut 8.

Business  ·  28 April 2020

How Bitcoin’s Price Slump Is Changing the Geography of Mining

Although China remains the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.

Tech  ·  30 March 2020