Tag: Mining

Bitcoin mining stocks stay weak as options market hints at rebound

boss

Bitcoin mining stocks trended lower as volatility in the cryptocurrency continued. Marathon Digital, the biggest mining company, dropped by 2.3% on Aug. 28, marking a 38% decline from its highest point this month. CleanSpark stock fell by 1.75% to $11.25, while Riot Platform dropped by over 1.4%. Other large Bitcoin (BTC) mining stocks like Argo Blockchain, Core Scientific, TeraWulf, and Cipher Mining also pulled back. Most of these stocks remain in a deep bear market after falling by over 20% from their highest level this year.  Their performance is closely…

BTC Mining Is So Rough Marathon Digital (MARA) Adopted MicroStrategy’s (MSTR) Successful Path

Nishant Sharma, founder of BlocksBridge Consulting, a research and communications firm dedicated to the mining industry, agrees with Marathon’s BTC accumulation strategy. “With bitcoin mining hashprice at record lows, companies must either diversify into non-crypto revenue streams like [artificial intelligence or high-performance computing] or double down on bitcoin to capture investor excitement around an anticipated crypto bull market, similar to MicroStrategy’s approach,” he said. Source

9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay

boss

Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their payments, or just because they did not want to continue operating. Power Fee […] Original

GoMining review: Discovering unique mining strategies

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. GoMining presents a new solution for Bitcoin mining challenges post-halving, offering a user-friendly approach that makes mining more accessible and profitable for all. Bitcoin Halving was the focal point of the first half of the year with many predicting monumental changes following the event. Analysts, experts and crypto gurus predicted surges and plunges for not just Bitcoin (BTC) but every major and minor coin in the market. However, for…

National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation

boss

The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection was carried out using SCADA systems. Paraguay Keeps Chasing Illegal Bitcoin […] Original

Bitcoin (BTC) Mining Opportunity is About $74B, JPMorgan (JPM) Says

JPMorgan cut its CleanSpark (CLSK) price target to $10.50 from $12.50 while maintaining its neutral rating on the shares. It reduced the Iren (IREN) price target to $9.50 from $11 and kept its overweight rating. Underweight-rated Marathon Digital’s (MARA) price objective was lowered to $12 from $14, and overweight-rated Riot Platforms’ (RIOT) price objective was trimmed to $9.50 from $12. Source

Discover the top cloud mining sites of 2024 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover the top 6 cloud mining platforms of 2024 and choose secure, user-friendly options to start generating passive income from cryptocurrency mining. In 2024, cloud mining is evolving, offering unprecedented access to profitability for both seasoned investors and curious newcomers.  For all the newcomers out there: Cloud mining allows individuals to mine cryptocurrencies by renting mining power from companies that own and operate the required equipment. Instead of investing…

Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger

boss

On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] Original