#bitcoin mining

Bitcoin mining remains highly lucrative, with profitability on the rise, as noted in JPMorgan’s latest report. The network’s hash rate, an indicator of overall computational power for BTC mining, has grown by 5% since November 2024, pointing to increasing interest and competition in the sector.

The parliament of Switzerland's canton of Bern will prepare a report on the feasibility of Bitcoin mining, despite objections from the executive branch.

Marathon Digital Holdings (MARA) raised $1 billion to buy Bitcoin. In a November 21 announcement, the company focused on Bitcoin mining and digital asset computing said they had closed their 0% convertible senior notes offering due 2030.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

Michael Saylor, the CEO of MicroStrategy, made a bold prediction about the future of Bitcoin mining.

TeraWulf, a mining company, is set to launch a new Bitcoin mining facility named WULF Den by the end of September 2024. This facility will be equipped with a liquid cooling system and will deliver a minimum of 2 MW of power, substantially increasing the company's total output.

Bitcoin mining heavyweight Riot Platforms has revealed its intention to issue $500 million in convertible notes, with the proceeds largely going toward purchasing Bitcoin.

Bitcoin mining company MARA Holdings is urging U.S. policymakers to take bold steps to secure the nation’s dominance in cryptocurrency mining. The company has outlined a comprehensive government strategy for blockchain and cryptocurrency technology to achieve this goal.

Faced with mounting competition in Bitcoin mining, Michael Novogratz’s Galaxy Digital is redirecting its focus. The company is now eyeing alternatives that could promise higher revenue streams.

Bitcoin’s mining difficulty increased by 3.9%, reaching a new all-time high. According to Mempool data, the seven-day moving average of the network hashrate also reached a record level.

Japanese company Agile Energy X started using surplus renewable energy for Bitcoin mining. According to company president Kenji Tateiwa, this initiative will help balance supply and demand in the energy grid while boosting the popularity of green energy sources.

Bernstein analysts report a growing investor interest in Bitcoin mining companies that are shifting their focus to the artificial intelligence (AI) and high-performance computing (HPC) sectors.

In Indonesia, miners were found illicitly connecting their Bitcoin mining rigs directly to the power grid poles, effectively stealing electricity. Law enforcement revealed this information after conducting multiple raids across various sites.

Marathon Digital (MARA), a leading public Bitcoin mining company, has finalized a deal to acquire two mining facilities with a combined capacity of 390 megawatts for $179 million from Generate Capital's subsidiaries. This acquisition is set to boost MARA's self-operated production capacity from a mere 3% to a substantial 45%.