Bitcoin Mining | Crypto Profit Bot

Compute North, Foundry Team Up to Target North American Bitcoin Miners

January 13, 2021

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The partnership is designed to lower the high cost of entry for would-be bitcoin miners. (NiseriN/iStock/Getty Images Plus) Jan 13, 2021 at 4:00 p.m. UTC Compute North, Foundry Team Up to Target North American Bitcoin Miners Two cryptocurrency mining companies want to make it easier for businesses in North America to mine bitcoin. Minnesota-based Compute […]

Bitcoin Miner Marathon to Raise $250M in Direct Stock Offering

January 13, 2021

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The Las Vegas company has agreed to a direct offering of 12.5 million shares of common stock at $20 per share. Jan 13, 2021 at 11:36 a.m. UTCUpdated Jan 13, 2021 at 4:23 p.m. UTC Bitcoin Miner Marathon to Raise $250M in Direct Stock Offering Bitcoin mining company Marathon Patent Group (MARA) shares were down […]

US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining

January 11, 2021

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Jan 11, 2021 at 2:44 p.m. UTCUpdated Jan 11, 2021 at 2:47 p.m. UTC US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining Chinese sports lottery firm 500.com (NYSE: WBAI) announced Monday that it has entered into a purchase agreement to acquire bitcoin mining machines. 500.com said it expects to issue $14.4 million-worth of […]

Bitcoin Miners Saw 33% Revenue Increase in December

January 9, 2021

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Jan 9, 2021 at 8:28 p.m. UTC Monthly bitcoin miner revenue since January 2016 Bitcoin Miners Saw 33% Revenue Increase in December Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk. Extending November’s own 48% increase, miner revenues continued […]

Bitcoin Mining Difficulty Hits Record High Amid Miner Revenue Surge

January 9, 2021

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Jan 9, 2021 at 3:27 p.m. UTCUpdated Jan 9, 2021 at 3:57 p.m. UTC Historical bitcoin mining difficulty and price Bitcoin Mining Difficulty Hits Record High Amid Miner Revenue Surge Bitcoin’s mining difficulty just reached a record high above 20.6 trillion as more people are mining at a larger scale than ever before thanks to […]

Are Bitcoin miners bullish? BTC mining difficulty sees biggest bump in 3 months

January 9, 2021

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The average amount of Bitcoin miners are selling continues to gradually decrease. 13754 Total views 47 Total shares Bitcoin (BTC) mining difficulty is increasing by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first […]

Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software

January 8, 2021

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Jan 8, 2021 at 7:38 p.m. UTCUpdated Jan 8, 2021 at 8:48 p.m. UTC (Shutterstock, modified by CoinDesk) Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software Square Crypto’s latest grant will fund a Bitcoin developer’s work on software that could improve how mining collectives pool hash power. Pseudonymous developer Fi3 (@piccioneLibero2 on Twitter, […]

Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

January 7, 2021

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Jan 7, 2021 at 3:00 p.m. UTCUpdated Jan 7, 2021 at 3:27 p.m. UTC Price action for shares of Bitfarms Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement Canadian bitcoin mining firm Bitfarms (BITF) closed a fully subscribed private placement of common shares worth CAD$20 million, or over US$15 million. Bitfarms announced the sale Sunday, […]

Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer

December 31, 2020

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Without any doubt, the year 2020 was unlike any other year in the 21st century: The ongoing COVID-19 pandemic, global governments unstoppably printing money, “lockdowns” and “social distancing” becoming the new normal, protests against racial discrimination and police brutality, and so on and so forth. It even made some claim it to be “the worst […]

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

December 28, 2020

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Dec 28, 2020 at 1:39 p.m. UTCUpdated Dec 28, 2020 at 3:43 p.m. UTC Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M Nasdaq-listed Marathon Patent Group (MARA), one of the largest enterprise bitcoin mining companies in North America, announced its pre-order purchase of 70,000 Antminer S-19 ASIC miners from Bitmain for […]

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Category: Bitcoin Mining