Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
Marathon CEO said the Bitcoin miner's financial position improved despite the losses recorded during the quarter.
Oluwapelumi Adejumo 2 min read 
The news comes less than a week after KuCoin denied any alleged layoff plans.
Bitcoin miners have begun increasing their Bitcoin reserves at the end of July despite flat revenues, indicating a bullish market sentiment.
The normalization of miner revenue and the decrease in transaction fees suggest that the market has adjusted to the Inscriptions phenomenon.
Vanguard otherwise maintains a hesitant stance towards cryptocurrency.
Bitdeer to focus on ambitious growth strategies with new data centers and increased managed hash rate
Mining analysts said the next Bitcoin halving is expected to double the cost of mining one BTC to $40,000, driving a lot of miners out of the market.
June 2023 performance report: Riot produces 460 BTC, executes power strategy and plans hash rate boost
Bitcoin miners Marathon Digital, Cleanspark and Hut 8 confirmed that they sold over 70% of their mined BTC in June.
