Bitcoin Miners Receive Lowest Revenues in Almost a Year
Bitcoin miners experienced a significant decrease in revenue in August, the lowest amount since September 2023.
JPMorgan Downgrades Bitcoin Miners Price Targets
JPMorgan has lowered price targets for bitcoin mining companies.
Core Scientific Stocks Fall 10% Following Convertible Senior Note Offer
After disclosing its plans to offer $350 million in convertible senior notes a day prior, shares of Bitcoin miner Core Scientific fell by more than 10%.
Russia Legalizes Crypto Mining
Russian President Vladimir Putin has signed a new law aimed at reducing the country’s dependence on the United States dollar in international trade.
Cipher Mining Considering Sale
There are rumors that Cipher Mining may be considering a deal, as it has reportedly received interest from potential buyers.
Crypto Miner TeraWulf Pays Off Outstanding Debt
Crypto mining company TeraWulf announced on July 9 that it has paid off its debt sooner than expected with a final payment of $77.5 million.
Bitcoin Mining Firm Hut 8 Expands Capacity in Texas
Canadian Bitcoin mining company Hut 8 has recently announced a power purchase agreement for a site in West Texas that provides 205 megawatts of available power.
