Bitcoin ETFs scooped up almost 3X more BTC than produced in December
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced. Go to Source
Miners
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US accounts for over 40% of global Bitcoin hashrate: Report
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining. Go to Source
BitFuFu shares rise 13% after inking 80,000 miner agreement with Bitmain
The cloud mining firm will be buying the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models. Go to Source
Bitcoin miners earned just 3.6% of record $2T market cap — Analysis
BTC miners have reaped the benefits in 2024, but their earnings are tiny compared to Bitcoin’s giant market cap. Go to Source
Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner. Go to Source
Publicly traded mining companies spend $3.6B on PP&E so far in 2024
Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability. Go to Source
Bitcoin halving birthday: 12 years of limited supply and milestones
Bitcoin celebrates 12 years since its first halving event, with block rewards shrinking to 3.125 BTC and miners adapting to higher difficulty amid rising prices. Go to Source
Did 8% Bitcoin price drop change bulls’ chance of BTC hitting $100K?
Bitcoin unexpectedly fell under $92,000 on Nov. 25. Do bulls still have a chance to rally to $100,000? Go to Source
Bitcoin price metrics forecast rally to $100K and above — Here’s why
Data suggests Bitcoin’s all-time high rally to $93,400 is far from over. Go to Source
CleanSpark targets 400MW Bitcoin mining capacity after acquiring GRIID
CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee. Go to Source
