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Tag: miners

Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

JPMorgan estimates that the current mining cost for bitcoin miners is around $45,000. The launch of the Runes protocol meant the hashrate didn’t immediately fall post-halving as expected, the report said. Due to several headwinds, the bank doesn’t see any upside in the bitcoin price in the near term. The current hashrate and power consumption […]

Cave-in leaves 3 miners missing and 12 injured at a coal mine in Poland

WARSAW, Poland (AP) — A cave-in at the Myslowice-Wesola coal mine in southern Poland early Tuesday left three miners missing and 12 hurt, mining authorities said Tuesday. The cave-in happened around 3:30 a.m. some 870 meters (2,800 feet) underground in an area where 15 miners were working, said Rajmund Horst, the deputy head of the […]

Bitcoin Miners Jump This Week After the Halving

Bitcoin‘s (CRYPTO: BTC) halving has concluded, and in a surprising move, miners were some of the beneficiaries, despite the impact the change may have on their income statements. Riot Platforms (NASDAQ: RIOT) was the biggest beneficiary, according to data provided by S&P Global Market Intelligence, jumping as much as 36.3% this week, while Marathon Digital […]

Lower prices, stubborn costs could weigh on copper miners’ quarterly results

(Reuters) – North American copper miners are expected to report a decline in first-quarter earnings this week due to lower prices of the red metal amid persistently high costs. Freeport-McMoRan and Canada’s Teck Resources are expected to post a combined adjusted net income of $666.3 million, according to LSEG estimates, compared with $1.43 billion in […]

Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says

Bitcoin miners may shift towards AI due to the potential for higher revenue, CoinShares said. The average bitcoin production cost post-halving is about $53,000. Some miners are actively managing financial liabilities and are using excess cash to pay down debt, the report said. Crypto miners may shift towards artificial intelligence (AI) in energy-secure locations following […]

Buy Bitcoin Miners Ahead of the Halving, Bernstein Says

Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving. Bitcoin’s bullish trajectory to resume after the reward halving, Bernstein said. The broker maintained its cycle high forecast of $150,000 by 2025. The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms […]

Lawmakers say new federal rule will protect coal miners

Apr. 17—By CHARLES OWENS Bluefield Daily Telegraph Area lawmakers are applauding a federal rule that will help to better protect coal miners from black lung disease. The Department of Labor Mine Safety and Health Administration (MSHA) has finalized its proposal to amend current federal standards related to exposure to respirable crystalline silica, or silica dust, […]

Biggest Gold Miners Are Missing Out on Bullion’s Record Run

(Bloomberg) — The world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Most Read from Bloomberg Despite gold hitting all-time highs almost daily, Newmont Corp. shares are down about 6% this year, and rival Barrick Gold […]