CleanSpark Acquires 20,000 Bitcoin Miners For New Facilities

The new miners will contribute to CleanSpark’s ongoing expansion, just as the Bitcoin market ramps up.

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Reduced To Penny Stocks In 2022, Public Bitcoin Miners Are Primed To Come Back

After a historically-bad year for bitcoin mining, public companies that fell into penny stock status surged back in January following a strong bitcoin rally.

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Bitcoin Miner Marathon Digital Sells BTC For First Time In Two Years

Despite the sale, Nasdaq-listed miner Marathon continues to hold one of the largest public bitcoin treasuries in the world.

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Bear Market Setbacks Have Left Bitcoin Miners Behind Their Gold Counterparts

Digital gold mining companies suffered harsher drawdowns than their legacy counterparts in 2022.

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Core Scientific’s Lender Offers $72 Million Bailout To Embattled Miner

The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.

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Trading Shares Of Bitcoin Miner Argo Blockchain Suspended

A Friday operational update halted trading of the embattled bitcoin miner in the United Kingdom and United States.

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These Six Charts Show How Bitcoin Mining Is Enduring The Bear Market

Bear market history never repeats, but it often rhymes and these six datasets show how the bitcoin mining industry is faring today.

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Miners Are The Biggest Risk Facing The Bitcoin Price

The bitcoin mining industry is under pressure as hash price reaches new lows, hash rate hits new all-time highs and the difficulty adjustment keeps going up.

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How Publicly Traded Bitcoin Miners Survive In The Bear Market

The CEO of Marathon Digital Holdings shares updates about the company and their strategy during a bitcoin bear market while hash rate explodes higher.

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Bitcoin Miner Margins Get Squeezed As Price, Hash Rate Diverge

While most miners are struggling to hold bitcoin in their treasuries, some are leveraging strong financials to expand operations.

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As Bear Market Persists, Public Miners Struggle To Outperform Bitcoin Price

Nearly all publicly-traded bitcoin mining companies have failed to outperform bitcoin year to date as the bear market continues.

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In Order To Be Successful, Bitcoin Miners Face A Trilemma Of Variables

Three key factors come into play when bitcoin mining companies are trying to not only be profitable, but just to stay afloat during bear markets.

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The Performance Cycle Of Public Bitcoin Miners

Using a data-driven approach, it is possible to achieve significant return on investment with bitcoin miners, in both the public and private sectors.

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The Current State Of Public Bitcoin Mining

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.

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CleanSpark Announces Completion Of Georgia Expansion, Surpasses 8 EH/s

CleanSpark Inc. has announced the completion of phase two of its mining campus expansion in Washington, Georgia. The expansion is expected to increase CleanSpark’s bitcoin mining compute power by 1.8 exahashes per second (EH/s) to a total of 8.5 EH/s. The company has set lofty goals of reaching a target of 16 EH/s by the [...]

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Marathon Digital Holdings Faces Second Subpoena By SEC In Relation To Montana Mining Operation

Marathon Digital Holdings, a public Bitcoin miner, has received another subpoena from the Securities and Exchange Commission (SEC) regarding whether there were possible violations of federal securities law in agreements related to a Hardin, Montana data center facility that Marathon built.  “The Company and certain of its executives received a subpoena to produce documents and [...]

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CleanSpark To Nearly Double Bitcoin Mining Capacity With $144.9M Antminer Purchase

The public mining company has purchased 45,000 Antminer S19 XP miners in line with its goal of reaching 16 EH/s by end of year.

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DCG’s Bitcoin Mining Firm Foundry To Begin Charging Fees For Services

The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will stop providing its services for free, according to a notice distributed to clients as reported by Bloomberg.  The company has been offering [...]

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CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees

CleanSpark, Inc., a publicly traded bitcoin mining company, has released its May 2023 bitcoin mining and operations update, revealing significant growth in both its bitcoin holdings and revenue. The company’s bitcoin holdings grew by 44% in May, reaching a total of 451 BTC. Bitcoin mined during the month increased by 16% to 609 BTC.  CleanSpark’s [...]

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CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners

CleanSpark Inc. has announced the purchase of 12,500 Antminer S19 XP bitcoin mining machines for a total price of $40.5 million. The machines were acquired at a lower price than the current market average, costing $23 per terahash, according to a press release shared with Bitcoin Magazine. The purchase agreement states that 6,000 of the [...]

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