Bitcoin miner capitulation metrics are approaching the same level as the market bottom following the FTX crash in late 2022. Daily miner revenue has dropped to $29 million from $79 million following the bitcoin halving earlier this year. The hashrate has slumped by 7.7% since the halving as inefficient miners turn off their equipment. Bitcoin […]
By Tom Hals (Reuters) – Challengers to federal rules covering a range of industries including mining and farming got a fresh shot on Tuesday at rolling back regulations as the U.S. Supreme Court applied a new standard for reviewing the power of federal agencies. Nine lower-court rulings were vacated by the Supreme Court and sent […]
Credit: Shutterstock CoreWeave, an AI hyper-scaler partnered with GPU giant Nvidia, has expanded its existing contract to rent high-performance computing capacity from Core Scientific. Core Scientific is one of the largest owners and operators of cryptocurrency mining services in North America. CoreWeave was once a cryptocurrency mining outfit itself. It pivoted away from that business […]
CHARLESTON, W.Va. (AP) — The head of the national mine workers’ union on Friday condemned what he characterized as an effort by House Republicans to block enforcement of a long-awaited federal rule directed at curbing workers’ exposure to poisonous, deadly rock dust, calling it “a direct attack on the health hand safety of coal miners.” […]
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Traders anticipate a deeper drop for bitcoin (BTC) in the coming weeks, despite a strong equity market and favorable U.S. crypto policies, pointing to selling activity from miners and general profit taking. Bitcoin’s upper potential may be limited due to miners’ cash demand, with on-chain data showing an increase in the transfer of BTC from […]
MEXICO CITY (AP) — Mexican authorities announced Wednesday that they found the remains of some of the 63 miners who were trapped 18 years ago in a coal mine in northern Mexico. The accident occurred at the Pasta de Conchos mine in the state of Coahuila, which borders Texas, on Feb. 19, 2006. Of the […]
$209 million worth of BTC transfers from miners to exchanges coincided with a move from $70,000 to $66,000. Marathon Digital has sold 1,400 bitcoin worth $98 million since the start of June. OTC volume also spiked to a two-month high. Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as […]
Several bitcoin mining executives late Tuesday met with former President Donald Trump, according to various online posts. Trump commented on social media Tuesday night that he wants the remaining bitcoin to be made in the U.S. X CleanSpark (CLSK) chairman Matthew Schultz and CEO Zach Bradford attended the event, along with Riot Platforms (RIOT) CEO […]
Dozens of gold miners are trapped underground after a pit collapsed in central Nigeria. The incident happened on Monday after heavy rainfall in Niger state but news was slow to emerge because of the country’s general strike, which was called off on Tuesday. Niger state emergency service agency spokesman Hussaini Ibrahim told the BBC that […]
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