Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.
Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed
Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having…
Bitcoin mining firms keep building despite BTC mining profitability slump
Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.
Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted
Two bills that will seem to embrace mining have been sent to the governor, whereas one that would adversely affect miners was stopped at committee.
Bitcoin Mining Difficulty Exceeds 50T for the First Time
Bitcoin’s mining difficulty level rose to an all-time high as miners deploy more machines to capitalize on recent spike in revenue.
Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M
CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller.
Plans for 30% Tax on Bitcoin Mining Shut Down in New Debt Deal: Senator Warren Davidson
Negotiations over the new debt deal squashed the Biden Administration’s plan to phase in a 30% tax on the electricity used in Bitcoin (BTC) and crypto mining.
Bitcoin Player Shifts Focus From Miner Consulting to Hosting
Sabre56 remains at the beginning stages of a planned seven-year strategy to shift its focus from consulting on bitcoin (BTC) mining projects to offering hosting services to industry firms.
Proposed Tax on Bitcoin Miners’ Operations Stalls as Agreement on U.S. Debt Obligations Reached
Bitcoin miners have been granted a reprieve as an initiative to impose hefty taxes on their operations, tabled by the White House, seems to be stalling. This follows a substantial…
Proposed 30% Crypto Mining Tax Dropped in US Debt Ceiling Deal
In a favorable turn of events for cryptocurrency miners in the US, the proposed tax on their electricity usage has been dropped according to Republican congressman Warren Davidson.
