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
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Trump-Linked Bitcoin Firm Raises $220M for Massive Mining Expansion
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,
Tether Wants to Be the Largest Bitcoin Miner by Year-End
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
Bitcoin Mining Goes Green! Canadian Firm Uses Stranded Gas
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.
Riot Dumps $1.58M in Bitfarms Shares – Is Bitcoin Mining’s Biggest Rivalry Over?
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
Mining Company Bitdeer in Crisis? Q1 Revenue Plummets 41% Amid Energy Woes
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
Eric Trump’s American Bitcoin Challenges Strategy With Cheap Mining Model
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.
Glassnode Data Reveals Bitcoin Miners Accumulation Surge—Price Set to Soar?
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
Riot Just Moved Millions in Bitcoin — Is a Major Sell-Off Coming?
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
Growing Pressure Forces Bitcoin Miners to Sell Large BTC Holdings
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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