Tag: Mining

IREN Soars 11% After Mining More Bitcoin Than MARA In July

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Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s. IREN reported an average hashrate over July of 45.4 EH/s, signalling that a majority of its machines stayed online and productive throughout the month. IREN’s strong results come amid…

MARA, Riot Diverge on Bitcoin Mining Financing in Q2

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Two of the largest U.S. Bitcoin mining giants took contrasting approaches to capital raising in Q2, with MARA ramping up equity issuance while Riot relied more on debt financing and Bitcoin sales. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin […] Original

Network Stability Or Miner Pullback? Bitcoin Mining Difficulty Stagnates In 2025

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Bitcoin mining difficulty has hit the brakes in 2025. For the first time in the network’s history, difficulty is rising at a slow pace and is on track for its slowest annual difficulty growth rate ever recorded. Signals Of Consolidation In The Bitcoin Mining Landscape Bitcoin mining difficulty has risen by 0.5% since June 1st, signaling an extraordinary slowdown in network expansion. According to mining infrastructure firm Blockware’s post on X, the Year-to-Date mining difficulty is up only 16%, which is a stark contrast to prior post-halving years. “2025 is…

Cango Boosts Bitcoin Mining Output, Adds 650 BTC in July

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Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors. Farside also noted it has added Cango to its miner dashboard while removing Hut 8 due to a lack of monthly production disclosures.  Source: Farside Investors As Cointelegraph reported, Cango…

This Business made you Millionaire Mining Business | Scope of mining business

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MARA Holdings Bitcoin Production Drops 1% in July Amid Mining Difficulty Surge

Key Notes Bitcoin mining difficulty surged 9% in July while MARA’s energized hashrate improved 3% to 58.9 EH/s despite lower output. MARA maintains 50,639 BTC treasury position, ranking as second-largest publicly traded Bitcoin holder globally. Stock trades at $15.90 with 7% annual decline, underperforming broader markets amid mining profitability concerns. MARA Holdings, Inc. (NASDAQ: MARA) reported a modest decrease in Bitcoin production for July 2025, underscoring ongoing operational headwinds tied to network difficulty and seasonal mining curtailment. The company produced 703 bitcoins in July, marking a 1% decline from June’s…

Bitcoin Mining Difficulty Hits Record as ETF Assets Top $500B

Key Notes Bitcoin mining difficulty has reached an all-time high of 127.6 trillion. Miner earnings hit a post-halving high of $52.63 million per exahash. Miner outflows have dropped nearly 49%, indicating strong holding sentiment. The Bitcoin BTC $114 969 24h volatility: 1.0% Market cap: $2.29 T Vol. 24h: $28.65 B mining difficulty climbed to a record high of 127.6 trillion this week, making it harder than ever to mine new BTC. Miners now need more computing power to solve the puzzles required to validate transactions and earn rewards. However, a…

France’s RN Party Pushes Bitcoin Mining With Nuclear Power Surplus

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Rassemblement National (RN), a French political party, is reportedly pushing to mine Bitcoin using surplus energy from nuclear power plants, signaling a shift from its leader’s previous anti-crypto stance.  French newspaper outlet Le Monde reported last week that RN leader and three-time presidential candidate Marine Le Pen now backs idle nuclear energy for Bitcoin (BTC) mining. She reportedly promoted the plan during a visit to the Flamanville nuclear plant on March 11. The party said the initiative will turn wasted electricity into “secure and extremely profitable” digital assets.  According to…