Cipher Mining Inc. is one of the largest and most advanced Bitcoin miners in North America, focused on the development of connected, industrial-scale data centers. They’ve cleared up everything around their Black Pearl location and launched hashing operations. According to the company, this milestone is a huge step in the...
Bitcoin miners are experiencing higher production costs, as surging energy prices and network hashrate have begun to eat into miners’ profitability. During the first quarter of 2025, the median cost to mine one Bitcoin skyrocketed to $64,000. This represents an increase from the $52,000 in Q4 of 2024. Look for...
Bitcoin miners are beginning to feel the squeeze now more than ever, as the network’s hashrate and mining difficulty continue to break all-time highs. This unprecedented growth creates immense stress on their business operations, affecting overall profitability and future investment plans.As of October 3, 2023, the Bitcoin mining network just...
Along with soaring financial and operational demand, bitcoin miners are operating in an increasingly difficult landscape. Despite these headwinds, other miners are doubling down and increasing their fleets and Bitcoin treasuries.Marathon Digital Holdings (MARA) had a stellar May, bringing in 950 Bitcoin through their mining operations. As such, they increased...
Bitcoin mining powers the entire cryptocurrency network, but it’s been hitting difficult times as of late. That potent combination of factors is increasing the pressure on miner profitability. From increasing network difficulty and energy costs to Bitcoin price fluctuations and trade barriers, miners are dealing with a new reality. This...
Bitcoin’s hashrate seems to have made a full recovery, returning to the index value it occupied at the beginning of the month. This follows a period of incredible expansions and all-time records. This dramatic oscillation provides a glimpse into the recent tumultuous world of Bitcoin mining and what drives changed...
The Bitcoin hashrate has taken a dip. A noticeable one. After a jump to all-time highs in the first half of April, we’ve watched it retrace, nearly wiping out those recent gains. The question everyone's asking (or should be asking) is: what does this mean? Or is it really the...
