Mining
Stronghold Digital to restructure $18M debt with convertible preferred shares
The proposed restructuring transaction will reduce Bitcoin mining firm Stronghold Digital's debt to less than $55 million.
Monika Ghosh 3 min read
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Mining
Bitcoin mining difficulty falls 3.6% following winter freeze
The difficulty change suggests that a fraction of Bitcoin (BTC) miners withdrew from the network — most likely due to reduced mining profitability.
Bear Market
VanEck forecasts BTC price to hit $10K to 12K in Q1 – $30K by Q3
VanEck predicts Bitcoin price will reach $10,000 to $12,000 in the first quarter amid miner bankruptcies due to the impending energy crisis.
Latest Mining News & Analysis
Bear Market
Bitcoin miner revenue down 37.5% in 2022 YoY
Along with poor market conditions, miners also suffered from high electricity costs and record mining difficulty.
Mining
The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate
Only two pools were responsible for mining more than half of Bitcoin's blocks in the second half of December. We looked at Foundry and Antpool to see what's behind the mining behemoths and is Bitcoin really as centralized as it looks.
Bear Market
Ex-Meta crypto head expects crypto winter to drag through 2024
David Marcus said that the indecision among regulators will continue in 2023 and clear crypto regulations will take a "couple of years."
Bankruptcy
Bitcoin Mining farm Bitfarms co-founder and CEO Emiliano Grodzki resigns
The CEO position has been taken over by Bitfarms President and Chief Operating Officer, Geoffrey Morphy
Research
BTC miner balances poised for selloff as sell pressure increases
CryptoSlate's analysis of potential all-time high miner capitulation in 2023 and whether mining BTC selloff will occur.
Bear Market
Argo shares soar following $65M sale of mining facility to Galaxy digital
The Helios facility sales' proceeds and part of the loan would be used to repay all of its indebtedness, including that owed to crypto lender NYDIG.
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Mining
Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Research
Research: The Antminer profitability crisis
Mining
BTC block time reaches yearly high as mining hash rate plunges amid arctic blast
Mining
