Bitcoin Mining news Archives

Mining profitability report from Blocksbridge

Blocksbridge’s Latest Market Analysis on Mining Profits

FINANCE / Leave a Comment / RIZ A / August 9, 2024

The latest report from Blocksbridge has highlighted significant challenges in the Bitcoin mining industry, as profitability metrics have plummeted to record lows. The current miner hashprice, a key metric for gauging mining profit margins, has fallen below $36 per petahash per second (PH/s), marking an unprecedented low. Despite a recent rebound in Bitcoin prices, the […]

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Bitdeer to Launch 570 MW Power Facility in Ohio

Bitdeer, a prominent Bitcoin mining company, is set to launch a 570 MW power facility at the Hannibal Industrial Park in Clarington, Ohio. This move, following a 30-year lease agreement with the Monroe County Port Authority, is aimed at enhancing the company’s Bitcoin mining capabilities and supporting high-performance computing (HPC) for artificial intelligence. The site,