Leading Bitcoin mining companies like Riot Blockchain, TeraWulf, and CleanSpark are best positioned to navigate the upcoming Bitcoin halving event in April 2024 according to new analysis by CoinShares.
The halving is expected…
Understanding the Impact and Predictions for Bitcoin Halving 2024
Bitcoin’s upcoming halving will slash mining rewards by half, impacting its scarcity and value.
Historical data shows significant Bitcoin price surges following…
Two technicians look at bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec on March 19, 2018. (Photo by LARS HAGBERG/AFP via Getty Images)AFP via Getty Images
Overview
2023’s market boom was a boon for public bitcoin miners, many of…
CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin…
Bitcoin, the pioneering digital currency, is on the brink of a transformative event known as the “halving,” set to occur in April 2024. This event, happening every four years, stands to significantly influence the landscape of…
Now that spot bitcoin exchange-traded funds (ETFs) are live in the U.S., market watchers are looking for the next potentially bullish event to drive cryptocurrency gains. Following the U.S. Security and Exchange Commission’s (SEC)…
Key Takeaways
In April, Bitcoin mining rewards will shrink by 50%.
Post-halving, less efficient mining companies might go out of business.
Even the largest miners like RIOT platforms and Marathon would struggle to survive if a market…
The Bitcoin Ordinals, which were the first NFTs minted on the BTC network, notched a huge dip in their sales in January only to land at $335 million,an enormous drop of 61%. This downturn happened in defiance of the Bitcoin halving…