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Terawulf Inc. (Nasdaq: WULF) has announced plans to raise $3.2 billion through senior secured notes — the largest single debt financing attempted by a publicly traded Bitcoin mining company. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. Terawulf … Read more
Canaan Inc. announced the launch of a gas-to-computing pilot in Calgary, Alberta, that converts wellhead natural gas into low-cost power for high-density computing — a neat way to turn waste into watts. Canaan Pilots Containerized Data Modules at Canadian Wellheads Canaan‘s initiative operates through a joint mining agreement with Calgary-based Aurora AZ Energy Ltd., which … Read more
U.S. equities surged on Monday as investor optimism returned to both traditional and digital asset markets. The Nasdaq climbed 490.18 points to 22,694.61, the Dow Jones Industrial Average gained 587.98 points to 46,067.58, and the S&P 500 rose 102.21 points to 6,654.72, signaling a broad-based recovery across major benchmarks. Investors Reignite Interest in Publicly Traded … Read more
Crypto investors might be nursing some serious portfolio bruises this week, but bitcoin miners have their own headache — earnings per petahash just hit a five-month low, and it’s not exactly the kind of milestone anyone’s celebrating. Bitcoin Miners Pray for a Break Let’s face it — since July 11, bitcoin miners have been watching … Read more
A $1.65 trillion market-wide sell-off on Friday rippled through bitcoin mining equities, erasing tens of millions in value across the top 20 publicly traded firms. The downturn mirrored broader equity losses across U.S. stock markets, highlighting the sector’s growing sensitivity to macroeconomic pressures and investor sentiment shifts. Global Sell-off Sparks Volatility Across Crypto Mining Equities … Read more
Over the past two weeks, Bitcoin’s hashrate has fallen by nearly 100 exahashes per second (EH/s) — signaling a slowdown in global mining activity. This decline coincides with a $2 drop in mining revenue per petahash (PH/s) since last month, reflecting tighter profit margins for miners amid fluctuating network conditions. Global Bitcoin Hashrate Pulls Back … Read more
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
Thumzup Media Corporation has provided a $2.5 million loan to Dogehash Technologies to expand its dogecoin mining operations, adding more than 500 ASIC miners ahead of a pending acquisition. Dogecoin Mining Expansion Fueled by Thumzup Capital Injection Thumzup Media Corporation (Nasdaq: TZUP) has injected $2.5 million into Dogehash Technologies, providing capital to expand the company’s … Read more