Bitcoin Miner Bitfarms Leases 2,000 Rigs From BlockFills, Has Option for Up to 7,000 More
Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months. Source
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Miner
“Unusual” BTC Miner Outflow Could Behind Today’s Bitcoin Price Collapse
Bitcoin as a cryptocurrency underpinning a blockchain network secured by miners leaves the asset’s price susceptible to sell
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Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring
Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day. Source
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Bitcoin Miner Outflows a Grave Sign for BTC Despite $11,000 Breakout
Bitcoin has seen some intense strength throughout the past several days, with the cryptocurrency marching from lows of
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Bitcoin price abruptly drops 3% after miner outflows hit 5-month high
The price of Bitcoin (BTC) dropped from $10,580 to as low as $10,258 on Coinbase on Sep. 13. The 3% fall within nine hours comes after on-chain data hinted at a potential miner sell-off.Miners continue to apply high selling pressure on BitcoinThroughout the past week, on-chain analysts have said that
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Bitcoin Exchange Activity Now Accounts for 20% of All Miner Fees
Centralized exchanges are playing a decreasingly important role within Bitcoin network activity, which is highlighted by the number
Read MoreETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers
On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode.When denominated in USD, these
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Ethereum Miner Profitability Soars as Transaction Fees Hit Fresh All-Time Highs
Demand for the Ethereum blockchain has been rising at a rapid pace throughout the past several weeks and
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Bitcoin Plunges Following Failed Breakout; Miner Selling Pressure Ramps Up
Bitcoin has been caught in the throes of some immense turbulence throughout the past few days. This volatility has
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Debt May Be a Double-Edged Sword for Bitcoin Miner Bitfarms
Industrial-scale bitcoin mining is an extremely capital-intensive business. Debt financing can be an attractive way to raise the funds needed to purchase equipment without diluting ownership through equity issuance. But the mining industry is volatile and loans generally feature high interest rates and strict collateral requirements, making it a double-edged
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