bitcoin mining

Riot Platforms Inc (NASDAQ:RIOT) made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin (CRYPTO: BTC) mining expansion at Corsicana and instead conduct a feasibility study on converting its remaining capacity to AI and high-performance...

A new report from Bernstein reveals a significant shift in the Bitcoin (CRYPTO: BTC) mining landscape, with just twelve companies now controlling a substantial 30% of the network’s total hash rate. This represents a notable increase from 22% in January 2024, highlighting a growing...

Leading Bitcoin (CRYPTO: BTC) miners in the U.S. are accumulating BTC as a buffer against growing competition and narrowing profit margins. What Happened: Firms including MARA Holdings Inc. (NASDAQ:MARA), Riot Platforms Inc. (NASDAQ:RIOT), and CleanSpark Inc. (NASDAQ:CLSK) have...

U.S.-listed Bitcoin (CRYPTO: BTC) miners have increased their share of the global network hashrate to approximately 29%, up by 7.8% since the Bitcoin halving earlier this year, according to a JP Morgan report. Despite this notable growth in network power, the combined market cap of the 14 largest U...

Bitcoin mining company Riot Platforms (NASDAQ:RIOT) on Friday announced the acquisition of 5,117 Bitcoin (CRYPTO: BTC) for $510 million. The purchase, funded through the net proceeds of the company's recent $525 million, 0.75% coupon convertible bond issuance, was made at an average price of $99,...

JPMorgan doesn't often issue upgrades to two bitcoin miners at once, but that's exactly what happened on Tuesday with CleanSpark Inc (NASDAQ:CLSK) and Cipher Mining Inc (NASDAQ:CIFR). The bank's analyst Reginald L. Smith made the call to boost both stocks from Neutral to Overweight, and here's why...

Riot Platforms, Inc. (NASDAQ:RIOT) shares are little changed on Thursday. But that may not be the case for long. A moving average crossover strategy has just flashed a sell signal. This is why our team of technical analysts has made it our Stock of the Day. Moving average crossover strategies are...

MARA Holdings Inc. (NASDAQ:MARA) exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: BTC) mining operations, emphasizing the significance of the U.S. controlling a larger portion of the global hash rate for economic sovereignty. What Happened: ...

Block Inc. (NYSE:SQ) CEO Jack Dorsey reiterated the company’s exclusive focus on Bitcoin (CRYPTO: BTC), intending to make the cryptocurrency the centerpiece of its financial services operations. What Happened: During the company’s third-quarter earnings calls on Thursday, Dorsey stated...

In a landmark development, Bitcoin (CRYPTO: BTC) mining operations are set to heat one of the coldest regions on Earth. What happened: Sazmining, a Bitcoin mining firm that connects individual retail miners with renewable energy-powered facilities, said in a press release that the new site would...

Riot Platforms Inc (NASDAQ:RIOT) CEO Jason Les expressed the company’s interest in artificial intelligence opportunities, contingent on the emergence of a favorable deal. What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific's (NASDAQ:CORZ)...

Earlier this month, Iris Energy Ltd (NASDAQ:IREN) announced the purchase of 1,080 of Nvidia Corp's (NASDAQ:NVDA) H200 GPUs for $43.9 million. The company represents "an attractive investment opportunity in the growing energy demand for digital infrastructure," according to Roth Capital Partners....

Bernstein has issued an “Outperform” rating for Riot Platforms (NASDAQ:RIOT) with a price target of $22, indicating a 196% upside from its current price of $7.42. What Happened: The investment bank bases its optimistic forecast on Riot’s strategic focus on Bitcoin (CRYPTO: BTC)...

Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge. What Happened: "I believe we could see...

Bill Maher, host of Real Time with Bill Maher, has voiced his strong criticism of cryptocurrency, calling it a major threat to the environment due to its excessive energy consumption. What Happened: During an episode, Maher pointed out that the energy usage associated with Bitcoin (CRYPTO: BTC)...