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.
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.
