Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 15. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.
The firm partnered with CFTC-approved exchange Bitnomial to offer cash-settled hashrate futures.
The miner is expected to report a “strong acceleration in Q/Q revenue growth” due to the rally in bitcoin prices, a Jefferies analyst said.
Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro’s 18-month moratorium on mining.
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).
The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.
Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.
The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September, the report said.
Marathon said the acquisitions will reduce the cost per coin mined by around 30%.