Miners

Bitcoin

Bitcoin Miners Saw 23% Revenue Drop in June

Bitcoin mining revenue dropped 23% in June to approximately $380 million.

Markets  ·  2 July 2020
Hut 8

Bitcoin Miner Hut 8 Closes Better-Than-Expected Equity Round at $6.1M

Hut 8 says its new funding is going towards increasing the bitcoin miner's total capacity by a fifth.

News  ·  30 June 2020
Exchanges

Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets

Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.

Markets  ·  29 June 2020
Exchanges

Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange

Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.

News  ·  29 June 2020
Bitcoin

Outflow of Bitcoin From Miners at Lows Not Seen Since 2010

Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.

Markets  ·  19 June 2020
Bitcoin

Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining.

Markets  ·  3 June 2020
IPOs

Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO

Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.

News  ·  1 June 2020
Bitcoin

Market Wrap: Bitcoin’s Price Up 12% Since the Halving

Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.

Markets  ·  14 May 2020
Bitcoin

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
BlockFi

CEO Says BlockFi Is Lending to Crypto Miners as Other Providers Pull Back

Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.

Business  ·  9 April 2020
Bitcoin Mining

Manufacturers Mark Down Bitcoin Miners as Price Drop, Halving Change Calculus

Last month’s bitcoin price crash has prompted manufacturers to sell their mining devices at discounts as steep as 20 percent ahead of the May halving.

News  ·  3 April 2020
Markets

Miners Are Selling More Bitcoin Than They Are Mining

While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.

Markets  ·  26 March 2020
Volatility

Customized Crypto Options Seeing Record Demand From Funds, Miners, Says GSR

The Hong Kong-based firm is seeing soaring interest in its customizable options contracts amid high price volatility.

Markets  ·  20 March 2020
Bitcoin

For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs

To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.

Markets  ·  14 February 2020
Senate Banking Committee

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners

A former U.S. Treasury official urged Congress to regulate cryptocurrency miners in order to fight human trafficking.

Business  ·  3 September 2019