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On Tuesday, as the entire crypto market slipped more than 2.5%, publicly traded bitcoin miners (36 of them, but not all) strutted in the opposite direction, chalking up a 4% gain during the stock market’s trading session. Bitcoin Miners Ignore the Bloodbath Bitcoin mining stocks turned Wall Street into their own stage during the week’s … Read more
Canaan Inc. has secured a purchase order from a U.S.-based bitcoin miner for more than 50,000 of its latest Avalon A15 Pro mining machines, marking its largest order in three years. Canaan Inks Deal for Over 50,000 Units The Nasdaq-listed company announced the milestone agreement earlier this week, which it says points to the strength … Read more
By the numbers, Bitcoin’s network difficulty climbed 5.97% at block height 917,280, landing it the title of this year’s third-biggest jump. Bitcoin Mining Odds Tighten Finding a block just got a whole lot tougher—network difficulty jumped 5.97%, landing at 150.84 trillion. Think of Bitcoin’s network difficulty like the odds of winning a colossal dice-toss lottery … Read more
Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul. September Slide for Bitcoin Mining Revenue At the time of publication, hashrateindex.com data shows the spot valuation of one petahash per second (PH/s) of SHA256 hashrate stands at $52.10—a modest decline from the $53.15 figure documented on … Read more
Soluna Holdings and Canaan Inc. signed a hosting deal to deploy 20 megawatts of Avalon A15 XP bitcoin miners at Soluna’s wind-powered Project Dorothy site in Briscoe County, Texas. Canaan’s Avalon A15 XP Rigs Head to Soluna’s Wind Farm in Briscoe County Announced on Tuesday, the agreement positions Canaan to place roughly 1 exahash per … Read more
SLNH has an over 1 GW pipeline, on par with BITF, but a market cap just a fraction of the size. With an up to $100M credit facility for data center buildout, could Soluna be a baby IREN in the making? The following guest post comes from BitcoinMiningStock.io, a public markets intelligence platform delivering data … Read more
Bitcoin’s brute computational engine is flexing harder than ever, as the network packed on a staggering 111 exahash per second (EH/s) in just eight days—catapulting the hashrate to a jaw-dropping 1,107 EH/s. Whatever’s powering this beast, it’s pushing the network into uncharted territory. Behind the Hashrate Curtain: New Rigs Hint at a Mining Revolution Bitcoin’s … Read more
U.S. equities kicked off the week on solid footing but slipped by Wednesday, giving the markets a well-deserved cooldown. Over in crypto, the entire market ticked up 1.23% with bitcoin edging past $114,000—only to cool its heels right alongside the rest. Wall Street Stumbles as Bitcoin Miners Shine Bright Midweek Wall Street bled red today, … Read more
While crypto prices faceplanted over the last day, publicly traded mining firms pulled a power move with gains lighting up Monday’s scoreboard. Out of the 20 largest miners by market cap, only three slipped into the red—and one of those was an ethereum treasury outfit. Crypto Miners Boom Despite Bitcoin’s Slump—20 Public Mining Firms Post … Read more
Although the network’s mining difficulty cranked up 4.63% just four days ago, that bump barely ruffled the miners. The machines kept churning with wild devotion, and the protocol’s horsepower blasted its way to a shiny new all-time high of 1,091 exahash per second (EH/s). Miners Push Bitcoin Network to All-Time High Hashrate of 1.091 Zettahash … Read more