#mining

As mining becomes less lucrative, companies are adopting MicroStrategy-like strategies, notes JPMorgan. Factors include a surging network hashrate and reward reductions following halving events.

Publicly traded mining giant MARA Holdings Inc. has unveiled a $700 million convertible senior note issuance, maturing in 2031. Funds will be directed toward expanding its Bitcoin portfolio.

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.

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

A solo Bitcoin miner successfully mined block number 860749, earning 3.169 BTC ($180,000). This individual is a member of the Solo CK mining pool, which brings together various standalone miners but only rewards the actual solver of the block.

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.

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.

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

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.

WhitePool, the mining pool created by WhiteBIT, continues to gain momentum in the mining sector. Since its launch in August 2024, it has quickly climbed to 15th place in the global mining pool rankings.

American investment bank Jefferies reports a downturn in mining profitability as BTC continues to trade below $60,000, while the hash rate keeps rising. Analysts indicate that in August 2024, daily mining revenues decreased by 11.8% compared to the previous month.

Core Scientific, a mining company, is targeting a $25-30 billion valuation by offering high-performance capabilities for AI data centers, according to CEO Adam Sullivan, who highlighted the need to diversify their business.

WhiteBIT's crypto mining pool marked its successful debut month by breaking into the top 15 global mining pools. WhitePool mined over 200 blocks, maintaining an average production rate of 2–3 blocks per day.