Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger
U.S. miner TeraWulf expanded its Bitcoin mining capacity in 2023, resulting in 70% more BTC mined in Q2.
Bitcoin on-chain data shows miners offloading BTC as revenues shrink
Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price.
Bitcoin mining firms keep building despite BTC mining profitability slump
Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.