Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
Bitcoin Mining news
The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000.
United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority.
Donald Trump is projected to win the US presidential election, promising to promote crypto in America.
Bitcoin miners could be squeezed out by deep-pocketed tech giants that can outbid them for prime power sources.
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
Europe’s largest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources, which would otherwise remain unused.
Researchers argue that “not all Bitcoin mining is equal” across countries, suggesting that bans in certain nations may cause more harm than good on a global scale.
Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.