Miner

Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total reserves to 7,736 BTC. …

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Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July

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Crypto miner Digihost plans to move rigs from New York to Alabama

Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs. In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in Alabama — which the company acquired in June — will host some of its crypto miners …

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Bitcoin Price Hits Miner Profitability – Bitcoin Magazine

Public bitcoin mining companies have been an unusually prominent fixture of the crypto market for the past couple of years as investors, media and regulators observe their financial growth and operational expansions. While share prices for nearly all of these companies significantly outperformed bitcoin during the latest bullish market trend, the opposite effect is clearly …

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Bitcoin miner capitulation due to end amid 1st difficulty increase since June

Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here. That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest Intelligence Newsletter on July 29. Report: “Expect” capitulation to be done by September The most recent edition of …

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Foundry Launches Bitcoin Miner Logistics Arm – Bitcoin Magazine

Foundry has released a new logistics arm to serve as a one-stop shop for all things related to bitcoin mining infrastructure. Foundry Logistics enables transparent and efficient monitoring of shipments allowing customers to accurately time the market. Foundry also recently launched a one-week course for those looking to become bitcoin mining technicians in New York. …

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