In short, bitcoin miners are betting big on the future of the cryptocurrency. They are not dumping their assets, even when prices cross the $100k mark. This new behavior suggests a departure from the normal market reaction, wherein price rises would usually encourage more sell pressure as miners cash in.Miners...
The market's reaction was swift and brutal: a 15% drop in Bit Digital's (BTBT) stock price after announcing their strategic pivot from Bitcoin mining to Ethereum staking. Ouch. Wherever there is opportunity, there could be very high gut reaction is no surprise, trepidation. Are they brilliant thinkers or just wagering...
$34 million a day. That’s the cold hard truth that Bitcoin miners are dealing with at this moment. A year low. Headlines are screaming, and rightfully so. So let’s not pull a chicken little and declare Bitcoin dead just yet. Enough with the fluffy creativity, it’s time to get real.Miner...
In June, Bit Digital, a New York-based digital asset company, announced its intent to transition its overall business strategy to focus primarily on Ethereum mining. The firm has recently announced the pricing of an upsized underwritten public offering. They will sell 75 million shares at $2 per share, raising a...
Core Scientific shares are skyrocketing today after the news that takeover talks with CoreWeave have reportedly been revived. This announcement follows Core Scientific’s record-breaking first quarter earnings, where net income more than tripled to $580 million. The historic acquisition—which would be the first of its kind in the state—could be...
Core Scientific's stock is popping, and while some might shout "Bitcoin's back, baby!" I see something far more profound: a quiet, yet seismic, shift towards the dominance of artificial intelligence. CoreWeave’s speculative acquisition of Core Scientific is more than just an asset shuffle. This is a small move, indeed, but...
As a result, Bit Digital’s share price fell by 3.83% after the market close, ending the after-hours trade at $2.26. This change came on the heels of the company’s recent purchase of an industrial building in Madison, North Carolina, for $53 million. During this time, SharpLink Gaming has established itself...
Bit Digital’s choice to abandon Bitcoin and fully commit to Ethereum staking has reverberated throughout the crypto landscape. The market's reaction? A swift kick to their stock price. But aside from the short-term pain… What does this strategic U-turn truly signify for investors such as you and I? Let's dissect...
A billion-dollar week for crypto inflows? Sounds impressive, doesn't it? 10 Weeks In A Row Of Positive Action Record $15.1 Billion Year-to-Date Bitcoin’s Leading The Charge… Like the kind of news that’s got you dusting off that lambo brochure. Before you go and charge up all your credit cards in...
I think back to having a conversation with my colleague Maria just a year ago. She would complain how all the “good” investment opportunities seemed out of reach. It felt like they were stuck behind a velvet rope, available only for the Wall Street 1%. Real estate prices through the...
