We’ve followed MARA Holdings, widely recognized for its aggressive expansion strategy in Bitcoin mining, as it recently plummeted. Their Bitcoin production dropped 25% in June. Before you go running for the hills, though, hold on! Rather than ceding to the first reactionary reflex or self-satisfied “I told you so” comments...
MARA, the blue chip of institutional-grade Bitcoin mining, has had a difficult past few months when it comes to its Bitcoin production. LeeChiaJian will help us unpack why this drop has happened. Investors, and anyone following the operational hurdles in new, big Bitcoin mining will benefit from his insights.Understanding the...
Just last month, Marathon Digital Holdings (MARA) announced a 25% year-on-year decrease in Bitcoin mining output for June. This drop was primarily a result of severe weather at its Texas mining site and increasing headwinds within the Bitcoin mining industry. Although this low, MARA has still mined 49,940 BTC, worth...
A highly strategic merger currently in progress in the Bitcoin mining industry could alter the space’s competitive landscape. Gryphon Digital Mining, American Bitcoin and Hut 8 are joining forces in a powerful new alliance. Combined, they hope to be among the five largest Bitcoin miners in the world! The merger...
Come sit down with us as we analyze American Bitcoin’s massive $220 million recent funding round. It's big news, no doubt, but is it a stroke of genius or a desperate gamble in a market that's constantly shifting under our feet? Put aside the hoopla for a second, and let’s...
A 7.5% decrease in Bitcoin mining difficulty – the largest in nearly two years. It sounds like good news, right? More profitability for miners, less energy consumption. What if this apparently encouraging increase is a cause for concern? If not, it would be a sign of worse, more systemic issues...
Okay, let's cut to the chase. In case you haven’t been following, there was a record bitcoin mining difficulty adjustment that just took place. That’s the largest drop since China kicked all the miners out. 7.5% down – that's huge. Some are panicking. I'm seeing something else: a blinking, neon...
The Bitcoin network evolves in real-time to ensure the viability and protection of its ecosystem. One of the most important mechanisms to do so is the mining difficulty adjustment. For the first time in two years, Bitcoin’s mining difficulty just saw a big decrease. This article will break down what...
Bitcoin mining difficulty just had a major 7.5% drop on Sunday — the biggest negative adjustment since July 2021. This decline occurred at block height 903,168. This was largely due to mining sites throughout the U.S.—especially in Texas—suspending operations because of early summer heatwaves. This change comes on the heels...
No one is doubting that IREN hitting 50 EH/s is an impressive accomplishment. Their reported $41,000 all-in cost per Bitcoin? Eye-catching. But hold on, before we all start popping the champagne. That number can start to look like a badge of honor. Instead, it shows the extent of existing vulnerabilities...
