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.


Markets

Crypto-Linked Stocks Rise With Bitcoin as Analyst Says 'Not The Time to Turn Bearish'

Miners such as Core Scientific (CORZ), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers.

BBitcoin faces headwinds (Pixabay)

Finance

Swan Bitcoin Unveils Mining Unit as Parent Company Prepares to Go Public

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.

Swan Bitcoin unveils BTC mining unit as parent company prepares to go public. (Swan Bitcoin)

Finance

Bitcoin Miner Hut 8 Hits Out at Short-Selling Report

Hut's shares slid more than 23% on Jan. 18 when short-selling firm JCapital Research said the USBTC merger had the makings of a pump and dump.

A photo of four mining rigs

Finance

Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting

Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.

Deus X CEO Tim Grant (Left), Amanda Fabiano of Fabiano Consulting (Right). (Deus X/Fabiano Consulting)

Finance

Bernstein Says Buy the Dip in Bitcoin Mining Stocks Ahead of BTC Price 'Inflection'

The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).

Bitcoin's price will go up if the SEC approves spot bitcoin ETFs, Matrixport said. (Unsplash)

Finance

Bitcoin Miner Core Scientific to Emerge From Bankruptcy, Re-List Shares This Month

The company expects to see nearly $600 million in revenue this year.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Finance

Bitcoin Miner Marathon Digital to Buy New Mining Sites for $179M as Reward Halving Nears

Marathon said the acquisitions will reduce the cost per coin mined by around 30%.

Marathon Digital CEO Fred Thiel (CoinDesk)