Miner profitability falls to record lows — Blocksbridge
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.
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Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year.
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.
The US miner is now the second-largest by market cap, after flipping Riot Platforms.
Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply.
Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax.
Fred Thiel, The MARA CEO, said he would not comment on Harris’ policies because they are still unknown at this time.
Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.
