Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report
According to data from River, companies and funds are gobbling up bitcoin at a rate that far outstrips new supply from miners. If these flows hold, the market’s available coins could shrink quickly, pushing liquidity into the hands of a few big buyers. Related Reading: Unexpected Bitcoin Player: Japanese Nail Salon Targets $3-B In BTC […]
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South Korean retail traders have continued to favor crypto-related stocks instead of high-profile US tech firms amid growing disappointment with companies like Tesla and the global push for digital assets. Related Reading: Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report Tesla Loses Ground, Bitmine Gains Momentum On Monday, Bloomberg reported that […]
Bitcoin mining is undergoing a profound shift by increasingly adopting alternative renewable energy sources. This trend has led to a remarkable change in the industry’s energy profile, with more than half of the network’s power now coming from sustainable sources. Why Renewable Energy Is Becoming A Strategic Edge For Miners In an X post, Natalie Brunell explained that Bitcoin mining is a unique process that consumes energy to secure the network, while ensuring its integrity and scarcity. Unlike traditional currencies that a central authority can print, Bitcoin’s supply is....
Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can use this technology at the ATL facility to create energy savings, expand total power capacity, and reduce greenhouse gas emissions. According to a press statement, Nasdaq-listed Cleanspark intends to quadruple the number of ASIC bitcoin miners in operation at ATL. This will happen once the firm adds another 30 megawatts (MW) of electricity....
Bitcoin trading retaining a few months rise above $51,000 has attracted Vietnam to mining crypto, and they are now buying equipment in pace. Recently, Vietnam has started experiencing an increase in the number of people buying crypto mining equipment. As a result, more people enter the sector to mine cryptos such as ETH, BTC, and […]
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.