The Bitcoin miner said it benefited from a steep drop in energy costs, with its average cost per megawatt-hour falling 30% from the previous year to $31.63 in Q4.
Under the proposed deal, an initial tranche of $15 million would be disbursed, with additional funding of up to $25 million available over the next 18 months.
HIVE mined 322 BTC during the quarter, bringing its total Bitcoin holdings to 2,805 BTC, valued at approximately $260.8 million.
The Bitcoin miner has expanded operations with a major Paraguay acquisition, but investors remain cautious as Q3 earnings approach.
The Bitcoin miner reported a 120% revenue increase and a Bitcoin mining cost of $34,000 per BTC during its fourth-quarter earnings on Wednesday.
CleanSpark CEO Zack Bradford added that the company remains on track to reach 50 EH/s in the first half of 2025 through expansion in Wyoming, Tennessee, and Georgia.
Retail sentiment on CleanSpark turned bullish ahead of its earnings release, though some traders remain cautious about potential downside risks.
Retail investors on Stockwits see Cipher Mining’s SoftBank deal as a potential gateway into the $500B Stargate AI project.
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The data center operator plans to deploy clusters of Nvidia H100 and H200 GPUs to enhance its artificial intelligence and high-performance computing infrastructure.
This is Hut 8’s first purchase of Bitcoin, with the rest of its reserves coming from BTC mined in-house.
CleanSpark mined 655 bitcoins in October, bringing the calendar year 2024 number to 5,734.
For investors seeking momentum, CoinShares Valkyrie Bitcoin Miners ETF WGMI is probably on the radar. The fund just hit a 52-week high and has soared 238% from its 52-week low of $8.91 per share. Are...
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An ETF could be one way to diversify some of the risk of investing in Bitcoin mining stocks.
An upcoming catalyst for Bitcoin is changing the investment narrative around Bitcoin mining stocks.