
Bit Digital Ditches Bitcoin Mining for a $163M All-In on Ethereum
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
TL;DR American Bitcoin, backed by Eric Trump and Hut 8, closed a $220 million private raise, issuing 11 million shares, with $10 million paid in BTC,
TL;DR Tether CEO Paolo Ardoino anticipates that the company will become the world’s largest Bitcoin miner before the end of 2025. With over 100,000 BTC in
TL;DR Sustainable Mining Innovation: AgriFORCE Growing Systems is transforming stranded natural gas into energy for its Bitcoin mining operations in Berwyn, Alberta, powering 120 high-performance rigs.
TL;DR Riot Platforms sold 1.75 million shares of Bitfarms, raising approximately $1.58 million, reducing its stake to 14.3%. This sale came after a failed acquisition attempt
TL;DR Bitdeer Technologies Group reported a 41% drop in quarterly revenue due to rising electricity costs at its mining site in Bhutan. Despite operational losses, the
TL;DR Shift from Buying to Mining: American Bitcoin is boldly shifting from purchasing Bitcoin to mining it directly, targeting production costs of just $37K–$38K per coin.
TL;DR Miner Accumulation Surge: Bitcoin miners have shifted from selling to accumulating, adding approximately 2,700 BTC over the past month. Bullish Shift in Behavior: This accumulation
TL;DR Riot Platforms Shifts Millions: Leading U.S. Bitcoin miner Riot Platforms has recently transferred millions in Bitcoin, sparking intense speculation about whether this hints at an
TL;DR Bitcoin Miners under Pressure: Rising operational costs and declining BTC prices force Bitcoin miners to sell significant BTC reserves to cover expenses. Massive Sell-Off: On
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