Bitcoin ($BTC) is currently facing drawdowns in multiple metrics, with on-chain data showing a significant crash in its mining difficulty. Per an insight from CryptoQuant analyst J.A Maartunn, the…
Bitcoin’s mining landscape is showing clear signs of stress as network difficulty records its largest downward adjustment since 2021. The sharp drop reflects a wave of miners shutting off machines or…
In a powerful demonstration of resilience and strategic adaptation, Bitcoin mining hardware manufacturer Canaan has reported a staggering financial performance for the final quarter of last year. The…
Bitcoin miner Cango (CANG) completed the sale 4,451 $BTC over the weekend, raising roughly $305 million in USDT as it looks to reduce leverage and reposition its business around artificial…
According to Financial Times writer Bryce Elder, the Bitcoin mining sector, which has long been under pressure, may be shifting towards artificial intelligence (AI) infrastructure due to economic…
Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee and known as one of the architects of cryptocurrency regulation in Russia, made striking statements arguing that Bitcoin “will…
Bitcoin mining operator NFN8 Group Inc. and its subsidiaries have gone down the dreaded path of formally filing for Chapter 11 bankruptcy. The company seeks court protection from creditors after…
Morgan Stanley initiated coverage of three publicly traded bitcoin BTC$70,151.59 mining companies on Monday, backing two names tied to data center leasing while taking a more cautious stance on a…
Bitcoin’s $BTC$68,894.78 mining difficulty dropped by around 11%, its largest decline since China’s 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices and…
According to Bitcoin Core developer Peter Todd, approximately 10% of the global hashing power has been turned off in recent days. This is likely to be a direct response to the market downturn that…