Showing articles in Bitcoin Mining

JPMorgan Reports Continued Increase in Bitcoin Mining Profitability

Bitcoin mining profitability saw growth for the second month in December 2024, even as overall profitability remains below historical levels.

Finance

The Rise of Cango: A New Force in Bitcoin Mining

Cango transitions from an automotive service platform to a significant player in the bitcoin mining sector, acquiring vast mining capabilities.

Crypto

Cango's Bold Move into Bitcoin Mining: A New Industry Player Emerges

Cango transitions from an auto financing platform to a major bitcoin mining competitor.

Finance

Cango's Ambitious Leap into Bitcoin Mining

Cango's strategic acquisition of substantial mining power positions it among the top players in the Bitcoin mining industry.

Blockchain

Bitcoin's Computational Strength Set to Reach New Heights Before Next Halving

The Bitcoin network's hashrate has surged significantly in 2024 and is poised to break through critical milestones in the coming years.

Finance

Bitcoin's Hashrate Set to Reach New Heights Before Next Halving

Bitcoin's hashrate has surged significantly, indicating prospective milestones in mining efficiency and profitability ahead of the upcoming halving event.

Crypto

Expectations for Bitcoin Miners' Profitability in December Rise, According to Jefferies

Jefferies forecasts that December will be a profitable month for bitcoin miners following a strong November.

Crypto

Starboard Activist Investor Acquires Stake in Bitcoin Miner Riot

Starboard is urging Riot to pivot some of its mining operations towards high-performance computing capabilities.

Market News

JPMorgan Boosts Ratings for Bitcoin Miners Cipher, CleanSpark, and MARA

JPMorgan has revised its ratings for several bitcoin mining stocks following positive quarterly results and boosts in bitcoin prices and hashrate.

Business

Square's Renewed Commitment to Bitcoin Mining Amidst Web5 Closure

Square is intensifying its focus on Bitcoin mining efforts while discontinuing its Web5 project, amidst a favorable environment for cryptocurrency following the recent U.S. presidential election.

Crypto

JPMorgan Reports Decline in Bitcoin Mining Earnings for October

JPMorgan highlights that Bitcoin miners face consecutive revenue and profit drops as mining challenges rise.

Investment

Core Scientific: Poised to Harness AI Demand with Strong Market Position

Jefferies has rated Core Scientific as a 'buy' with a price target of $19, highlighting the company's strong potential in capturing demand from AI sectors.