Bitcoin Mining

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Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.

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The Mining Pod With Will Foxley Wide
10% Difficulty Adjustment, Riot’s Hostile Takeover, Cantor’s $2B Loan Book, and MARA’s $100M HODL
Bitcoin miners are making aggressive moves ahead of a perceived autumn Bitcoin bull market.
The Mining Pod With Will Foxley Wide

Marathon Digital CEO Fred Thiel (CoinDesk)
Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates
The miner said its adjusted EBITDA swung to loss, compared to previous year's profit.
Marathon Digital CEO Fred Thiel (CoinDesk)

A photo of four mining rigs
Bitcoin Miner Riot Platforms' Second-Quarter Loss Widens to $84.4M as Costs Surge
The company's loss per share doubled to $0.32.
A photo of four mining rigs

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Hive Digital’s AI Play
We sat down with Hive’s C-Suite at Bitcoin Nashville to discuss AI, HPC and Bitcoin mining!
The Mining Pod With Will Foxley Wide

Bitcoin price could be tied to the outcome of the U.S. election, Jefferies said. (Danny Nelson/CoinDesk)
Bitcoin's Future Could be Tied to the Outcome of the U.S. Election: Jefferies
Trump’s policy shift towards crypto is very recent, but it may impact the price of bitcoin in the near term depending on who wins the U.S. election in November, the report sai...
Bitcoin price could be tied to the outcome of the U.S. election, Jefferies said. (Danny Nelson/CoinDesk)

Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
Investors can benefit by valuing the companies as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.
Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)

Marathon Digital CEO Fred Thiel (CoinDesk)
Bitcoin Miner Marathon Buys $100M BTC, Will Once Again Adopt 'Full HODL' Strategy
The miner holds over 20,000 bitcoin and plans to buy more in the open market.
Marathon Digital CEO Fred Thiel (CoinDesk)

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)
Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says
Riot will have the second-largest capacity among U.S. listed bitcoin miners following the purchase, and the deal serves as the latest evaluation of underdeveloped power assets...
Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)
Iren Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.
Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)

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Wealth Optimization Strategies For Bitcoiners
How do you grow your Bitcoin stack and protect it? We explore with Bespoke.
The Mining Pod With Will Foxley Wide