CryptoNewsZ’s Post

#Bitfarms, a major player in #Bitcoinmining, ramps up its fleet with significant upgrades, tripling its hash rate to 21 EH/s, boosting operating capacity by 83% to 440 MW, and improving efficiency by 40%. The move comes after earning 286 BTC in March 2024 and selling most mined Bitcoin to reinvest in fleet growth. With $66 million in cash and 806 BTC in treasury, Bitfarms maintains robust liquidity. CEO Lucas highlights the upgrade's transformative impact amid #Bitcoin's halving. Read full story: https://lnkd.in/g-TTHdPA

Marathon Digital Holdings' April 2024 #Bitcoin Production Update is here: - Average Operational Hash Rate Increases 15% M/M to 21.1 EH/s - Increased BTC Holdings to 17,631 BTC; Total Cash and BTC of $1.6 B as of April 30, 2024 - Increased End of Year 2024 Total Installed Hash Rate Guidance to 50 EH/s, Confirmed and Fully Funded Read the full report: https://bit.ly/3WkViRj

Bitfarms Announces March 2024 Production and Operations Update, earns 286 BTC in March 2024, targeting 21 EH/s and 21w/TH in 2024. Bitfarms #Bitcoin #BitcoinMining #Crypto #BTC #Bitfarms https://lnkd.in/gzB-HANs

Today we released our production and operations update for the month of February 2024. On Tuesday, Cipher will hold its fourth quarter and full year 2023 business update conference call – join us to hear about our latest financials, operations, and growth plans. Today’s full release can be found here: https://bit.ly/48x4moJ Our earnings call will take place on Tuesday, March 5, 2024 at 8:00 a.m. Eastern Time. Register here: https://bit.ly/3V3bG8i $CIFR #btc #bitcoin #bitcoinmining

2024 has been an incredible year for #bitcoin investing already. U.S. investors have never had this many options to gain low-friction exposure to #Bitcoin. Earlier this month, we had the approval of 11 spot Bitcoin ETFs. And today, GRIID, a American, low-carbon focused bitcoin-mining company announced their listing on the Nasdaq. Griid's listing offers U.S. investors yet another high-quality and easy proxy to Bitcoin. Now that is a win-win for the Bitcoin ecosystem and for the environment. #digitalcurrency #innovation #energyandmoney #digitalmoney #bitcoinmining

Bitcoin miners can now expect 1 petahash per second of hashing power to yield about $47 worth of BTC in a day, an all-time low. https://lnkd.in/eFC9BMwx

Bitcoin miners can now expect 1 petahash per second of hashing power to yield about $47 worth of BTC in a day, an all-time low. https://lnkd.in/e-Ny7-cA

Our Daily Market Report is out! Today, we cover: #BTC Trading Volume (24hr): $155.0B / +53% #DigitalAssets: Hut 8 Mining Adopts New Treasury Strategy Utilizing Bitcoin Reserves for Growth #TradFi: Total net inflows for Bitcoin spot #ETFs since January 11th have reached $6.7B. Notably, yesterday's trading activity in Bitcoin ETFs surpassed that of #SPY or #QQQ, even before the introduction of options or their availability on numerous advisory platforms Every day, the SDM research team summarizes what is happening in crypto. Make sure to follow our page to get tomorrow's market breakdown! Institutional Insights: https://lnkd.in/eMmkg_eG

The rare truth about halving from the crypto media: the miners are preparing for a world where there will be fewer, more efficient miners. That’s the effect of the halving. The effect will NOT be the other way around: that the price of bitcoin will have to go up so that all the miners can stay in business. — This conclusion will be no surprise to those who have read my book, "The Coinmen" ( https://lnkd.in/gWypmnHM ). #Bitcoin #crypto #BTC https://lnkd.in/gTjyeAvB

Today $CIFR announced an agreement to purchase 7.1 EH/s of latest generation Bitmain T21 miners with the option to acquire up to an additional 8.7 EH/s at the same fixed price terms. We are excited to secure rigs at $14/TH which can be used for opportunities in 2024 as well as the Black Pearl buildout in 2025. Today’s full release can be found here: https://bit.ly/3TtIK8A $CIFR #BTC #bitcoin