Search results for "MINER"
Today
09:40

The U.S. dominates global Bitcoin mining, and a 5.8% drop in hashrate triggers a miners’ profitability crisis

In the second quarter of 2026, global Bitcoin hashrate fell by 5.8%, dropping to 1004 EH/s, putting pressure on miner profitability. Even though the United States still accounts for 37.4% of hashrate, emerging markets such as Kyrgyzstan are growing rapidly, while hashrate in Iran and Argentina is declining. The mining industry is facing a period of adjustment, with both the retirement of high-cost mining rigs and market expansion occurring at the same time.
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BTC-1,2%
07:03

Riot sold 3,778 bitcoins in the first quarter, cashing out nearly $300 million, with its holdings down 18% year over year

Bitcoin miner Riot Platforms sold 3,778 BTC in the first quarter of 2026, raising nearly $290 million in cash and reducing its holdings by about 18%. Several mining companies have cut their positions as well, reflecting rising funding pressure. Despite weakening market demand, some institutions are still accumulating Bitcoin, indicating that demand is concentrating toward participants with stronger financial capacity. In the short term, the price trend will be influenced by the clash between supply and demand.
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BTC-1,2%
00:23

Bitcoin miner MARA laid off about 15%, a strategic transition into an energy and digital infrastructure company

One of the largest Bitcoin mining companies in the world, MARA, will lay off about 15% of its employees. The CEO said this is part of the company’s strategic transformation as it moves into the energy and AI sectors. MARA is also selling Bitcoin to repay its debts, and it expects a net loss of $1.3 billion in 2025. Affected employees will receive corresponding compensation.
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BTC-1,2%
13:32

NYSE-listed miner Cango completes a $65 million strategic financing round and reaches a $10 million convertible bond financing agreement with DL Holdings

Cango Inc. completes a $65 million strategic investment, issues 49,242,424 shares of common stock to members of the board of directors, and signs a securities purchase agreement with DL Holdings to issue a $10 million convertible note and warrants for acquisitions and infrastructure expansion. The two sides also sign a memorandum of understanding, planning to make further investments in the crypto and AI sectors.
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BTC-1,2%