Miners


Markets

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord

The broker cut its price target to $14 from $17.50 while maintaining its buy rating.

A Hut 8 mining facility (hut8.io)

Markets

Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord

If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said.

windsock with hang glider in the distance

Finance

Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets

As the protocol evolves, new layers could emerge bringing new use cases and more users, the report said.

Bitmain Antminer mining rigs (Christie Harkin/CoinDesk)

Markets

Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show

The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Markets

Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein

The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs, the report said.

CleanSpark's bitcoin mining facility in College Park, Georgia. (Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals

CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.

ASIC Miners (Sandali Handagama/CoinDesk)

Markets

Bitcoin ETF Approval Is Historic Moment for BTC, Miners: Analysts

Mining stocks represent an attractive opportunity for investors looking to gain access to the long-term bitcoin adoption trade, the analysts wrote.

Bitmain Antminer S19 Hydro mining rigs, the company's latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)

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)

Finance

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps

The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.

A Hut 8 mining facility (hut8.io)

Markets

Bitcoin's Heading to $150K and Quality Mining Stocks Offer a Good Way to Gain Exposure: Bernstein

Bernstein expects the largest cryptocurrency to hit that level during the 2024-2027 cycle, the report said.

CleanSpark CEO Zach Bradford and Executive Chairman Matt Schultz at the company's CleanBlock facility in College Park, Georgia.