Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
Mining news
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
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.
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
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.
Bitcoin mining difficulty has surged by 378% over three years, signaling the potential for institutional-driven BTC stability by 2030.
Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election.