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Bitcoin Miners are currently facing a financial squeeze as their earnings from mining have fallen below pre-halving levels.

According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor…

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

Bitcoin miner Marathon Digital (NASDAQ: MARA) has raised its 2024 hash rate growth target in response to Bitcoin's (CRYPTO: BTC) fourth halving event, which reduced miners' block subsidy rewards from 6.25 BTC to 3.125 BTC. Starting 2024…

The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.

Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise…

An "epic sat"—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin's (CRYPTO: BTC) fourth halving block—sold for over $2 million. On April 25, the crypto mining pool ViaBTC sold "Sat 1,968,750,000,000,000" for ...

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: BTC) miner announced an read more

Payments giant Block (NYSE:SQ) announced the company is no longer just designing cutting-edge mining chips, but also venturing into developing a complete Bitcoin (CRYPTO: BTC) mining system.

Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level…

Block says it has finished the development of its own 3nm bitcoin mining chip and is working through the design with a “leading global semiconductor foundry” — Jack Dorsey says that his payments company, Block (formerly Square), is…

On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed…

The company, formerly known as Square, now building a full bitcoin mining system.

The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.

Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low…

The Texas energy grid faced its first high-heat litmus test of the year this month as warming April temperatures placed an early strain on utilities. Earlier this month, the Electric Reliability Council of Texas (ERCOT) had to postpone…

As the popularity of Bitcoin mining and investments continues to surge, concerns over its environmental impact are mounting. The upcoming Bitcoin “halving” event that reduces the Bitcoin awarded to miners will impact the economics of…

The halving is a programmed process in the bitcoin protocol that occurs every 210,000 blocks, or approximately every four years. On Friday, the bitcoin network completed its fourth halving event, marking a significant reduction in the…