While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency.
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Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of
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MARA Purchases Bitcoin in September, Expands Hashrate, and Holds Mined BTC
MARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it
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Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that
Read moreThe key misunderstanding with China's purported BTC hashrate dominance
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
Read moreChina still controls 55% of Bitcoin hashrate despite crypto ban
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.
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