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.
Bitcoin surged past $105,000 on Friday, marking a significant milestone in the new year. This rally, fueled by reports that President-elect Donald Trump may prioritize cryptocurrencies as a "national priority,"...
Wall Street strongly rebounded on dual tailwinds of cooling inflation data and a slew of solid earnings results from the financial sector. All three major indexes registered their biggest daily percentage...
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.