• bitcoinBitcoin (BTC) $ 67,998.00
  • ethereumEthereum (ETH) $ 2,034.95
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 1.42
  • bnbBNB (BNB) $ 628.37
  • usd-coinUSDC (USDC) $ 0.999926
  • solanaSolana (SOL) $ 87.57
  • tronTRON (TRX) $ 0.285280
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • dogecoinDogecoin (DOGE) $ 0.098322
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02
  • whitebitWhiteBIT Coin (WBT) $ 50.63
  • cardanoCardano (ADA) $ 0.291892
  • usdsUSDS (USDS) $ 0.999927
  • bitcoin-cashBitcoin Cash (BCH) $ 483.56
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • leo-tokenLEO Token (LEO) $ 8.79
  • hyperliquidHyperliquid (HYPE) $ 29.50
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • canton-networkCanton (CC) $ 0.173968
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • moneroMonero (XMR) $ 353.66
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • chainlinkChainlink (LINK) $ 9.18
  • ethena-usdeEthena USDe (USDE) $ 0.999373
  • stellarStellar (XLM) $ 0.166547
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.104541
  • susdssUSDS (SUSDS) $ 1.08
  • rainRain (RAIN) $ 0.009332
  • litecoinLitecoin (LTC) $ 56.01
  • daiDai (DAI) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • avalanche-2Avalanche (AVAX) $ 9.39
  • zcashZcash (ZEC) $ 239.64
  • wethWETH (WETH) $ 2,268.37
  • suiSui (SUI) $ 0.956752
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • the-open-networkToncoin (TON) $ 1.32
  • usdt0USDT0 (USDT0) $ 0.998824
  • crypto-com-chainCronos (CRO) $ 0.078281
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.114903
  • polkadotPolkadot (DOT) $ 1.62
  • tether-goldTether Gold (XAUT) $ 5,166.97
  • memecoreMemeCore (M) $ 1.43
  • uniswapUniswap (UNI) $ 3.88
  • pax-goldPAX Gold (PAXG) $ 5,195.16
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • mantleMantle (MNT) $ 0.641661
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aaveAave (AAVE) $ 120.85
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • bittensorBittensor (TAO) $ 186.06
  • falcon-financeFalcon USD (USDF) $ 0.997280
  • aster-2Aster (ASTER) $ 0.699974
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • okbOKB (OKB) $ 78.43
  • pepePepe (PEPE) $ 0.000004
  • pi-networkPi Network (PI) $ 0.172446
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • skySky (SKY) $ 0.068652
  • ripple-usdRipple USD (RLUSD) $ 0.999810
  • bitget-tokenBitget Token (BGB) $ 2.22
  • htx-daoHTX DAO (HTX) $ 0.000002
  • nearNEAR Protocol (NEAR) $ 1.14
  • internet-computerInternet Computer (ICP) $ 2.59
  • ethereum-classicEthereum Classic (ETC) $ 9.03
  • ondo-financeOndo (ONDO) $ 0.271962
  • bfusdBFUSD (BFUSD) $ 0.999309
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.116287
  • worldcoin-wldWorldcoin (WLD) $ 0.407107
  • pump-funPump.fun (PUMP) $ 0.001962
  • kucoin-sharesKuCoin (KCS) $ 8.74
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.00
  • gatechain-tokenGate (GT) $ 7.09
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • morphoMorpho (MORPHO) $ 1.88
  • midnight-3Midnight (NIGHT) $ 0.060368
  • cosmosCosmos Hub (ATOM) $ 1.93
  • hash-2Provenance Blockchain (HASH) $ 0.016599
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • ethenaEthena (ENA) $ 0.107598
  • nexoNEXO (NEXO) $ 0.869412
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • kaspaKaspa (KAS) $ 0.031580
  • usdtbUSDtb (USDTB) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • flare-networksFlare (FLR) $ 0.009635
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • algorandAlgorand (ALGO) $ 0.090051
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • official-trumpOfficial Trump (TRUMP) $ 3.42
  • filecoinFilecoin (FIL) $ 1.04
  • wbnbWrapped BNB (WBNB) $ 759.61
  • aptosAptos (APT) $ 1.00
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • render-tokenRender (RENDER) $ 1.49
  • usddUSDD (USDD) $ 1.00
  • stable-2​​Stable (STABLE) $ 0.037002
  • ousgOUSG (OUSG) $ 114.42
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • pippinpippin (PIPPIN) $ 0.696073
  • xdce-crowd-saleXDC Network (XDC) $ 0.034762
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • vechainVeChain (VET) $ 0.007738
  • arbitrumArbitrum (ARB) $ 0.110841
  • decredDecred (DCR) $ 36.16
  • beldexBeldex (BDX) $ 0.080339
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • usual-usdUsual USD (USD0) $ 0.998932
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • jupiter-exchange-solanaJupiter (JUP) $ 0.160273
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • bonkBonk (BONK) $ 0.000006
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • ghoGHO (GHO) $ 1.00
  • blockstackStacks (STX) $ 0.274375
  • a7a5A7A5 (A7A5) $ 0.012801
  • clbtcclBTC (CLBTC) $ 76,920.00
  • true-usdTrueUSD (TUSD) $ 0.999395
  • sei-networkSei (SEI) $ 0.071789
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.727080
  • fasttokenFasttoken (FTN) $ 1.09
  • euro-coinEURC (EURC) $ 1.18
  • usdaiUSDai (USDAI) $ 1.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.007211
  • dashDash (DASH) $ 35.19
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • tbtctBTC (TBTC) $ 70,942.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.32
  • kite-2Kite (KITE) $ 0.241722
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • tezosTezos (XTZ) $ 0.399476
  • justJUST (JST) $ 0.046119
  • kinesis-goldKinesis Gold (KAU) $ 166.79
  • ether-fiEther.fi (ETHFI) $ 0.517110
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.254303
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.166070
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • c8ntinuumc8ntinuum (CTM) $ 0.084269
  • power-protocolPower Protocol (POWER) $ 1.55
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • story-2Story (IP) $ 1.01
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • bittorrentBitTorrent (BTT) $ 0.00000035
  • cocaCOCA (COCA) $ 1.30
  • usxUSX (USX) $ 0.999709
  • layerzeroLayerZero (ZRO) $ 1.71
  • lighterLighter (LIT) $ 1.39
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • chilizChiliz (CHZ) $ 0.033507
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • gnosisGnosis (GNO) $ 129.50
  • hastra-primePRIME (PRIME) $ 1.02
  • aerodrome-financeAerodrome Finance (AERO) $ 0.363930
  • apenftAINFT (NFT) $ 0.00000033
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • kaiaKaia (KAIA) $ 0.056229
  • injective-protocolInjective (INJ) $ 3.28
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • bitcoin-svBitcoin SV (BSV) $ 16.07
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • adi-tokenADI (ADI) $ 3.27
  • sun-tokenSun Token (SUN) $ 0.016185
  • pyth-networkPyth Network (PYTH) $ 0.053320
  • iotaIOTA (IOTA) $ 0.070690
  • spx6900SPX6900 (SPX) $ 0.326359
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • celestiaCelestia (TIA) $ 0.340717
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • the-graphThe Graph (GRT) $ 0.027398
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
  • jasmycoinJasmyCoin (JASMY) $ 0.005898
  • crvusdcrvUSD (CRVUSD) $ 0.997382
  • sbtc-2sBTC (SBTC) $ 77,039.00
  • flokiFLOKI (FLOKI) $ 0.000030
  • doublezeroDoubleZero (2Z) $ 0.080233
  • syrupMaple Finance (SYRUP) $ 0.238270
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 115.56
  • olympusOlympus (OHM) $ 17.59
  • savings-usddSavings USDD (SUSDD) $ 1.03
  • fraxLegacy Frax Dollar (FRAX) $ 0.983367
  • lido-daoLido DAO (LDO) $ 0.318162
  • optimismOptimism (OP) $ 0.126109
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • conflux-tokenConflux (CFX) $ 0.050878
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
  • heliumHelium (HNT) $ 1.39
  • siren-2Siren (SIREN) $ 0.348395
  • btse-tokenBTSE Token (BTSE) $ 1.55
  • telcoinTelcoin (TEL) $ 0.002628
  • staked-aaveStaked Aave (STKAAVE) $ 126.65
  • ethereum-name-serviceEthereum Name Service (ENS) $ 6.49

Theminermag Bitcoin Mining Update: April/May 2025

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Theminermag Bitcoin Mining Update: April/May 2025

This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies.

The latest edition of our Bitcoin mining report is now available to download here. This month’s analysis dives into key trends shaping the sector as miners navigate compressed economics despite Bitcoin’s return to the $100,000 mark. Highlights include:

  • A widening gap between Bitcoin’s price and miner revenue as hashprice remains subdued
  • Intensifying competition among public miners, with CleanSpark and IREN accelerating hashrate growth
  • A continued shift away from “hodl” strategies, as public miners sold 115% of April production
  • A rebound in mining stocks after a two-month sell-off, with some names outperforming Bitcoin

We also explore how miners are adapting through innovative hardware deal structures that preserve upside exposure to BTC. Download the full PDF report above for detailed insights and data.

The original article can be viewed here, where you can also download the full report.

Source

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