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Bitcoin Mining
Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.
Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.

Galaxy Digital Deepens AI and HPC Pivot With Expanded CoreWeave Deal, Shares Surge
Galaxy shares surged 8% and are now 60% higher than their April lows.

How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls
The bitcoin mining industry routinely underreports the value of imported ASIC shipments to the U.S., multiple sources told CoinDesk.

Chart of the Week: 'Dire Picture' for BTC Miners as Revenue Flatlines Near Record Low
Despite bitcoin trading around $84,000, miner revenue has decreased due to the recent halving event and rising operational costs.

Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking
The funding round takes Auradine's total backing to $300 million.

Bitcoin Miners With HPC Exposure Underperformed in First Two Weeks of April: JPMorgan
MARA Holdings and CleanSpark outperformed BTC, while miners with exposure to high-performance computing, such as Bitdeer, TeraWulf, IREN and Riot Platforms underperformed.

CleanSpark Ditches Bitcoin 'HODL' Strategy to Stop Dilution Via Equity Raise
CleanSpark's holdings now exceed 12,000 BTC, worth just over $1 billion at current prices.

Luxor’s Aaron Foster on Bitcoin Mining’s Growing Sophistication
The group’s director of business development, a speaker at this year’s Consensus festival, says bitcoin miners are expanding into bitcoin pooling, hashrate hedging, AI and HPC.

Consensus Toronto 2025 Coverage
Hive’s Frank Holmes on Expanding Bitcoin Mining in Paraguay
The company’s chairman, a speaker at this year’s Consensus festival, looks at what's next for the mining industry.
