Donald Trump is projected to win the US presidential election, promising to promote crypto in America.
Bitcoin Mining news
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.
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations.
TeraWulf’s focus on raising capital through institutional buyers suggests confidence in its future despite volatile cryptocurrency markets.