The dYdX Foundation has announced that the community has approved a key proposal to implement a revenue-sharing mechanism. The proposal, passed on …
Revenue
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Bitcoin mining firm Hut 8 reported third-quarter earnings that surpassed expectations, with revenue exceeding $43.7 million. Miami-headquartered crypto mining firm Hut 8 …
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As bitcoin’s price rises to new heights, miners are cashing in, with the value of 1 petahash per second (PH/s) of SHA256 …
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Mining
Michael Novogratz’s Galaxy Looks to Turn Bitcoin Mining Into AI Computing as Revenue Falls
by shayaanby shayaanGalaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting …
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Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue …
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Mining
Wall Street’s Bitcoin Miners Boost Production, but Revenue Falls for 4th Straight Month
by shayaanby shayaanSeveral leading U.S. publicly listed mining companies from Wall Street, including TeraWulf, Riot Platforms, CleanSpark, and MARA, posted production gains in October. …
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Mining
Core Scientific’s AI deal fuels $8.7 billion revenue forecast, shares rise
by shayaanby shayaanBitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years, following an expansion of its …
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Mining
Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan
by shayaanby shayaanDaily mining revenue and gross profit fell in October for the fourth month in a row, the report said. The bank noted …
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Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest …