Bitcoin mining revenue dropped 23% in June to approximately $380 million.
Hut 8 says its new funding is going towards increasing the bitcoin miner's total capacity by a fifth.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.
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.
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.
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.
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.
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.
Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.
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.
While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.
The Hong Kong-based firm is seeing soaring interest in its customizable options contracts amid high price volatility.
To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.
A former U.S. Treasury official urged Congress to regulate cryptocurrency miners in order to fight human trafficking.