Cango Offloads $305M in Bitcoin to Cut Debt and Accelerate AI Transformation
TL;DR BTC Sale: Cango sold 4,451 BTC for $305 million to repay a Bitcoin-backed loan and strengthen its balance sheet, following earlier sales prompted by weather-related
mining (Latest Publications)
Bitcoin Below $70K: Miners Struggle as Production Costs Hit $87K
TL;DR: The average cost to produce one Bitcoin has climbed to $87,000, according to Checkonchain data. Bitcoin is trading approximately 20% below its production cost, a
TeraWulf Shares Jump 15% After New Infrastructure Acquisitions
TL;DR TeraWulf acquired two brownfield sites in Kentucky and Maryland that add roughly 1.5 GW, lifting total capacity to 2.8 GW and sending its shares up
US Storm Disrupts Bitcoin Mining as Hash Rate Takes a Sharp Hit
TL;DR A strong winter storm in the United States pushed many Bitcoin miners to halt operations, cutting the network hash rate by close to 40% in
Russia’s Biggest Bitcoin Miner BitRiver Reportedly Headed for Bankruptcy Amid CEO Detention
TL;DR A court in Russia’s Sverdlovsk Oblast opened insolvency proceedings against Fox Group, the holding company that controls 98% of BitRiver’s capital. The case stems from
Ethiopia Seeks Global Partner to Launch State-Backed Bitcoin Mining
TL;DR The Ethiopian government is seeking a partner to launch a state-backed Bitcoin mining project, requiring capital, technology, and mining expertise. The country hosts 25 licensed
Bitcoin Hashrate Falls 15% From October Peak as Miner Capitulation Nears 60 Days
TL;DR Bitcoin hashrate has dropped about 15% from its October high, signaling mounting pressure on higher-cost miners and reduced network participation. Mining difficulty is set to
Bitdeer Surpasses MARA in Hashrate, Claiming Top Spot Among Bitcoin Miners
TLDR: Bitdeer reached a capacity of 71 EH/s in December, surpassing MARA Holdings in total power. The company utilizes its proprietary SEALMINER hardware and diversifies its
Solo Miner Earns $295,000 After Mining a Full Bitcoin Block
TL;DR A single miner successfully mined an entire Bitcoin block, earning about $295,000, or 3.16 BTC. Such solo wins are rare due to the dominance of
BTC Breaks $90K Barrier After First Mining Difficulty Drop in Months
TL;DR: Bitcoin climbed above $92,000 on Jan. 12 during late trading as mining difficulty eased to about 146.4 trillion, offering miners a brief breather. A CryptoQuant-watermarked
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