Global #Bitcoin mining

Bitcoin mining, once a lucrative venture, is facing a significant profitability crisis despite Bitcoin's high trading values. A combination of soaring network hashrates, intensified competition, and centralization concerns is reshaping the industry's future.

The U.S. Bitcoin mining industry achieved a significant milestone in July, as its share of the global hashrate reached a record high, according to a recent report by JPMorgan.

Canadian Bitcoin mining company Hut 8 Mining Corp. has announced a strategic expansion of its operations to Texas, securing a 205-megawatt power purchase agreement (PPA) in the Lone Star State.

The convergence of Bitcoin mining and artificial intelligence (AI) may seem unlikely, but a recent report by Bernstein highlights the potential synergy between these two seemingly disparate industries.

In a surprising twist within the realm of cryptocurrency regulation, the Republican Party under the leadership of former President Donald Trump has unveiled a bold new stance regarding Bitcoin mining.

Bitcoin miners seem to be in a strange situation. While recent reports, like one from Jefferies, indicate that mining profitability increased in June, the price of Bitcoin itself has been dropping.