Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to […]
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Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to […]
Marathon’s latest 4,144 Bitcoin buy comes as boss Fred Thiel last month said it was adopting a “hodl strategy” for the cryptocurrency.
The stunt follows presidential candidate Donald Trump’s statement that he wants all the remaining Bitcoin to be “Made in the USA.”
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho.
Riot’s hash rate of 22 EH/s surpassed CleanSpark and Core Scientific and now only trails Marathon Digital’s 31.5 EH/s.
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.
CleanSpark’s CEO Zach Bradford said his firm was setting its sights on increasing future hash rate instead of branching out to alternative revenue streams.
