Mining Pool Foundry Fires 60% of its Workforce
Bitcoin mining pool Foundry has announced significant layoffs affecting 60% of its workforce.
Bitcoin Mining Difficulty Exceeds 100T
On Monday, Bitcoin reached a new record mining difficulty of 101.65 trillion.
CleanSpark’s Hashrate Grows by Almost 200%
Crypto miner CleanSpark has reported a significant 187% increase in its hashrate over the last year, according to their unaudited fiscal year report released on October 4.
Bitcoin Mining Profitability Fell Last Month: Report
According to a report from JPMorgan, the average price of Bitcoin and the hashrate of the network saw a slight increase in September.
CleanSpark Buys 7 Bitcoin Mining Sites
CleanSpark announced on Wednesday that they will purchase seven bitcoin mining facilities and accompanying land in Knoxville, Tennessee for a total price of $27.5 million, which equates to roughly $324,000 per megawatt.
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.
