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What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational.Bitcoin miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty targ…
Executives at US-listed Bitcoin mining firms are taking home pay packages far larger than their peers in energy and IT.Equity-heavy compensation structures are driving up totals and drawing increasing shareholder resistance, according to new findings from VanEck.Miner CEOs Outpace Tech and Energy Pe…
Several Bitcoin mining firms reported lowered BTC production in June, mainly due to power curtailment in Texas.Riot Platforms produced 450 Bitcoin in the month, a 12% decline from May, when the firm mined 514 BTC, it stated in an announcement on Thursday.Riot CEO Jason Les said the firm’s power str…
Bitcoin mining firm Riot Platforms (ticker RIOT) mined 450 bitcoin, valued at around $49.26 million at current prices, in June. That's a 76% year-over-year increase compared to the 255 BTC Riot mined in June 2024, but down 12% from the 514 BTC mined a month earlier, according to a company release on…
US crypto-linked stocks rose alongside Bitcoin to close the Monday trading day at a gain as more publicly traded firms added the asset to their treasuries. The country’s four biggest crypto miners and some of its major crypto firms all closed at slight gains on June 10, extending gains after-hours. …
What to know:Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system.Bitcoin and gold are well-positioned to benefit from de-dollarization.Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts…
Riot Platforms sold 475 Bitcoin worth $38.8 million in December as profit margins narrow throughout the mining sector. The Colorado firm, the second-largest publicly traded Bitcoin miner by market capitalization, sold the cryptocurrency at an average price of $81,731 per coin, Monday’s operations up…
Riot Platforms, one of the largest publicly traded bitcoin mining companies, said Monday it sold the bitcoin it mined in April, marking its first sale of mined bitcoin in more than a year.The company sold 475 BTC during the month, generating approximately $38.8 million in net proceeds. The sale incl…
Riot Platforms has used its massive Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase as the cryptocurrency miner eyes continued expansion. The $100 million loan from Coinbase’s credit arm marks Riot’s “first Bitcoin-backed facility,” CEO Jason Les said in an Apr…
Crypto exchange Coinbase has distanced its blockchain network Base from a memecoin it shared that saw massive backlash after the token rapidly gained, then dropped in value by millions of dollars.Base posted to X on April 16 with an image promoting the network with its marketing tagline, “Base is fo…
Wall Street bank JPMorgan (JPM) updated its bitcoin (BTC) miner price targets and estimates following fourth-quarter 2024 results and to account for changes in the bitcoin price and the network hashrate.JPMorgan raised IREN (IREN), its top pick in the sector, to overweight from neutral, and cut its …
Grayscale has applied to the U.S. Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca.According to a filing lodged with the regulatory agency, the XRP Trust is among the largest investment instruments anchored to Ripple’s native token, wit…