Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Settles in Above $30K
Crypto-related stocks are seeing a second day of big gains after bitcoin on Monday evening pushed through $30,000 for the first time since June 2022. At press time, it's managed to hold that advance, trading at $30,100.
Arkansas Bill Grants Bitcoin Miners Same Rights as Data Centers, While Texas Seeks to Remove Incentives for Miners
A new bill aimed at regulating Bitcoin mining in Arkansas has been approved by both the House of Representatives and Senate and is now awaiting Governor Sarah Huckabee Sanders’ signature. The Arkansas Data Centers Act of 2023 seeks to establish guidelines for Bitcoin miners and protect them from discriminatory regulations and taxes, guaranteeing that firms have the same rights as data centers.
Bitcoin Miners Report Best Monthly Revenues in 10 Months
Bitcoin miners are on track to hit their best month in terms of revenue since May 2022. Miners brought in at least $718 million in March so far.
Bitcoin Miners Transfer Large Amount To Exchanges, Sign Of Selling?
There has been a significant increase in the number of Bitcoin miners transferring their coins to exchanges in recent weeks, which could be a sign of selling pressure in the market. The article notes that miners have historically been a major source of selling pressure in the Bitcoin market, as they often need to sell their coins to cover their operational costs.
Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s).
Texas Lawmaker Introduces Resolution To Protect Bitcoin Miners and HODLers
Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
Bitcoin miner Bitfarms (BITF) dropped to a fourth-quarter loss as the price of bitcoin fell, costs rose and mining difficulty increased. The firm said it is examining acquisition prospects.
Bitcoin Miner Marathon Digital’s Q4 2022 Revenue Declines to This Figure
Marathon Digital Holdings, a Bitcoin mining company, announced on 16 March that its revenue for the fourth quarter of 2022 fell 58% year on year to $28.4 million.
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain's ASIC Design
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19 series mining devices.
Bitcoin Miner Capitulation Has Been 'Completely Different' This Cycle: CoinShares
A cycle of miner capitulation can be observed throughout Bitcoin’s history.
