Articles CleanSpark's Strategic Move: Unpacking the $650 Million Convertible Note Bitcoin Miners have been quick to utilize Convertible Notes as a lever to raise capital achieving over $5 Billion, in the past 6 months alone, now that the rates available are extremely competitive.
Articles Bitcoin Mining Industry Report: November 2024 - Monthly Operational Updates Bitcoin surpassed $100,000 for the first time on Thursday 5 December, 2024, marking a significant milestone in the realm of digital assets and even recognized by some of the largest skeptics.
Articles Bitcoin Mining Industry Report: October 2024 - Monthly Operational Updates The mining difficulty has consistently risen as the global hash rate expanded with the addition of more mining machines, ending October at 95.6727 terahashes (T). This represents a 4.2% increase for the month, which has significant implications for production.
Articles Core Scientific Achieves Key Milestone in HPC Hosting Strategy Expanding its Reach in High-Performance Computing, Core Scientific Secures 500 MW Contract with CoreWeave. Core Scientific (CORZ), a leader in digital infrastructure and Bitcoin mining, has rapidly achieved its high-performance
Articles Bitcoin Mining Industry Report: September 2024 - Monthly Operational Updates The month of September witnessed the global hash rate continue to rise, with more machines coming onto the network and mining difficulty reaching an
Articles How Miners Have Leveraged Capital for Growth and Shareholder Value: Part 2 of 2 Capital-raising mechanisms such as At-the-Market (ATM) offerings, PIPE transactions, and convertible notes offer miners flexibility in securing funding while managing the risks of shareholder dilution.
Articles How Bitcoin Miners have utilized access to Capital for Growth and Value: Part 1 of 2 Public Bitcoin miners effectively have three primary levers to raise capital: 1. Equity Offerings: By issuing new shares, both publicly and privately, miners can raise funds
Articles Bitcoin Mining Industry Report: August 2024 - Monthly Operational Updates This article provides an overview of the Bitcoin mining industry's operational updates for August 2024, including key metrics, industry trends, and performance insights.
Articles Five useful Valuation Metrics for Bitcoin Miners The article outlines five key valuation metrics for assessing Bitcoin mining companies, including the current ratio, enterprise value (EV) to net assets ratio, debt to equity ratio, EV to current hash rate, and EV to future hash rate.
Articles Mining Difficulty in Bitcoin and Its Impact on Miners Mining difficulty in Bitcoin's proof-of-work system regulates block creation and network stability by adjusting every 2016 blocks to maintain a consistent block rate despite changes in computational power.
Articles Bitcoin Mining Industry Report: July 2024 - Monthly Operational Updates Bitcoin price The Bitcoin price closed the month of July at $64,619 increasing by 3.1% during the month, providing much needed relief for Bitcoin miners who have witnessed
Articles Marathon Digital v Riot Platforms Q2 earnings comparison In August, the North American public miners will release their quarterly financials for the period of April 1 to June 30, 2024. Notably, a halving event occurred, marking a significant
Articles Bitcoin Miners are shifting towards HPC and AI Data Business Models Bitcoin miners are diversifying into high-performance computing (HPC) and artificial intelligence (AI) data business models due to the fluctuating profitability of traditional mining, leveraging their powerful infrastructure for broader applications and potentially higher returns.
Articles Bitcoin Mining Industry Report: June 2024 - Bitfarms names new CEO and Monthly Operational Updates The Bitcoin mining difficulty reduced by an average of 0.8% in June, which saw the Bitcoin price end the month 7% lower than in May, closing at $62,678
Articles Emerging Stronger from Chapter 11: Core Scientific’s Remarkable Journey Core Scientific successfully emerged from Chapter 11 bankruptcy by significantly reducing its debt and securing a transformative deal with CoreWeave to diversify into high-performance computing (HPC) hosting, ensuring long-term financial stability and growth.
Articles The Development of Corsicana, The World’s Largest Bitcoin Mining Site: This article outlines how Riot is setting the global standard for Bitcoin Mining via its investments in Corsicana, TX. Anthony recently visited this site and his IRL insights, as always, are invaluable.
Articles Bitcoin Mining Industry Report: May 2024 M&A activity, Analysis & Operational Updates In May, the first full month of mining following the recent halving, publicly traded North American Bitcoin miners experienced a significant impact...
Articles HIVE Digital Technologies: Is HIVE currently the best value among Bitcoin Miners? Founded in 2017, HIVE Digital Technologies (HIVE), formerly known as HIVE Blockchain Technologies, has emerged as a leader in the Bitcoin mining industry...
Articles Riot Platforms proposes the acquisition of Bitfarms On Tuesday May 28, 2024 Riot Platforms (RIOT), having acquired a 9.25% stake to become Bitfarms’ largest shareholder...
Articles Bitcoin Mining Industry Report: April 2024 Post Halving, Analysis & Operational Updates The highly-anticipated fourth Bitcoin halving occurred a little after 8:09 p.m. ET on Friday April 19, 2024.
Articles Navigating the Post-Halving Landscape: Insights and Implications Following Bitcoin's Fourth Halving The Bitcoin community recently observed a monumental event in its 15-year history with the eagerly anticipated fourth halving, signaling a significant shift in the blockchain landscape.
Articles North American Bitcoin Miners: Gearing Up for the Next Halving (Part 2 of 2) Part 1 of this two part article provided an understanding of the halving and how the North American publicly listed miners are preparing for the event, in terms of: * Low
Articles March 2024 Bitcoin Miner monthly update The month of March witnessed the global hash rate continue its upwards trajectory towards 800 EH/s as more mining machines were added to the network. This impacted the Bitcoin
Articles North American Bitcoin Miners: Gearing Up for the Next Halving (Part 1 of 2) Introduction What is the ‘Halving’? The Bitcoin Halving stands as a pivotal moment in the evolution of the leading cryptocurrency. Occurring repeatedly after 210,000 blocks, or roughly every four
Articles February 2024 Bitcoin Miner monthly update In February, the global Bitcoin hash rate surged to an unprecedented peak of 735 EH/s, no doubt propelled by Bitcoin's price escalation from $42,582 per coin