Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
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On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a…
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
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In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was…
Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining
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Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative…
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
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After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since…