Sunday, June 29, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales reach $125m, Ethereum dethrones Polygon

    NFT sales reach $125m, Ethereum dethrones Polygon

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

  • Gaming
    Should You Play This NFT Soccer Game?

    Should You Play This NFT Soccer Game?

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Why Amazon’s NFT Experiment Failed

    Why Amazon’s NFT Experiment Failed

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales reach $125m, Ethereum dethrones Polygon

    NFT sales reach $125m, Ethereum dethrones Polygon

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

  • Gaming
    Should You Play This NFT Soccer Game?

    Should You Play This NFT Soccer Game?

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Why Amazon’s NFT Experiment Failed

    Why Amazon’s NFT Experiment Failed

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Mining

These Two Bitcoin Miners from Wall Street Mined Less BTC Again

September 4, 2024
in Mining
9
These Two Bitcoin Miners from Wall Street Mined Less BTC Again
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The increasing difficulty of mining cryptocurrencies and a further 9% drop in its price has negatively impacted Wall Street Bitcoin (BTC) miners in August. The publicly listed CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BITF) have both reported a decline in their Bitcoin production compared to the previous month.

READ ALSO

Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds

How Much Bitcoin Has Iran Mined? It’s Complicated

CleanSpark and Bitfarms Report Decreased Bitcoin Production in August 2024

CleanSpark, which describes itself as “America’s Bitcoin Miner,” and is one of the biggest publicly listed BTC companies by market cap, mined 478 Bitcoin in August, down from 494 in July. This represents a 3.2% decrease in monthly production. The company’s average daily Bitcoin production also fell slightly, from 15.94 in July to 15.43 in August.

“As we approach the end of our fiscal year, the team continues to work diligently to optimize fleet efficiency and increase hashrate. Our fleet upgrade is well underway as we simultaneously prepare for 65 MW of capacity to be energized during the month of September.” – $CLSK CEO… pic.twitter.com/oiH5uDLlEo

— CleanSpark Inc. (@CleanSpark_Inc) September 3, 2024

Similarly, Bitfarms experienced a more significant drop in its Bitcoin production. The company mined 233 Bitcoin in August, compared to 253 in July, marking a 7.9% decrease. Bitfarms attributed this decline to higher network difficulty, which was partially offset by an increase in its operational hashrate.

s

#Bitfarms Provides August 2024 Production and Operations Update👀

– Bitfarms to Acquire Stronghold Digital Mining, Increasing 2025 Energy Portfolio by 47%
– Earned 233 BTC in August 2024 & Increased HODL to 1,103 BTC
– Increased Operational Hashrate to 11.3 EH/s
– Announces… pic.twitter.com/LWk5bptGGY

— Bitfarms (@Bitfarms_io) September 3, 2024

s

Lower mining outputs also correspond with decreased earnings. According to Bitbo data, cryptocurrency miners earned $828 million in August, marking the lowest earnings since September 2023. Moreover, this represents a 57% drop from the historical highs achieved in March of this year, when earnings nearly reached $2 billion.

btc mining revenue

Despite the decrease in production, both companies continued to expand their operations and improve their mining capabilities:

  • CleanSpark increased its total operating hashrate by 1.4 EH/s during August, ending the month at 22.6 EH/s.
  • Bitfarms reported an operational hashrate of 11.3 EH/s at the end of August, up 102% year-over-year and 2% month-over-month.
See also  Why Is Bitcoin Up? Inside the Factors Driving BTC’s Record-Breaking Surge

Battling the Adverse Trend

Both companies are pursuing aggressive expansion strategies. CleanSpark expects to bring 65 MW of additional data center capacity online in September.

Zach Bradford, CEO of CleanSpark

“As we approach the end of our fiscal year, the team continues to work diligently to optimize fleet efficiency and increase hashrate. Our fleet upgrade is well underway as we simultaneously prepare for 65 MW of capacity to be energized during the month of September. These efforts are expected to result in a meaningful increase in operating hashrate and bitcoin production as we close out our fiscal year,” said Zach Bradford, CEO.

Bitfarms, on the other hand, has assumed control of its first mega-site in Sharon, PA, with access to up to 120 MW. Earlier in august, the company also acquired Stronghold.

“With this transaction, we have finalized the acquisition of 110 MW, with 30 MW expected to come online by the end of 2024. We have also signed a Letter of Intent for an additional 10 MW site, which will increase our total site capacity to 120 MW by 2025,” commented Ben Gagnon, Chief Executive Officer of Bitfarms.

The decrease in Bitcoin production for both companies highlights the challenges faced by miners as network difficulty increases and competition in the industry intensifies. According to the latest JPMorgan report, mining companies are still feeling the April’s halving hangover.

Tags: BitcoinBTCminedMinersStreetWall

Related Posts

Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds
Mining

Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds

June 28, 2025
How Much Bitcoin Has Iran Mined? It’s Complicated
Mining

How Much Bitcoin Has Iran Mined? It’s Complicated

June 28, 2025
Ethiopians question demand and power consumption despite crypto mining boom
Mining

Ethiopians question demand and power consumption despite crypto mining boom

June 28, 2025
Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
Mining

Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen

June 28, 2025
Core Scientific Could Top $30 on CoreWeave Buyout Deal: Cantor Fitzgerald
Mining

Core Scientific Could Top $30 on CoreWeave Buyout Deal: Cantor Fitzgerald

June 28, 2025
Experts Debate Why Bitcoin Hashrate Plummeted in June
Mining

Experts Debate Why Bitcoin Hashrate Plummeted in June

June 28, 2025
Next Post
Immutable and Portal Target Monetization in the Web3 Gaming Ecosystem

Immutable and Portal Target Monetization in the Web3 Gaming Ecosystem

Comments 9

  1. j2cso says:
    3 weeks ago

    buying clomiphene pill where can i get clomid tablets clomiphene can you get clomid prices clomiphene medication effects clomiphene rx for men cost cheap clomid without a prescription

    Reply
  2. buy cialis online pharmacy says:
    3 weeks ago

    This is the kind of literature I in fact appreciate.

    Reply
  3. buy generic flagyl for sale says:
    2 weeks ago

    I couldn’t turn down commenting. Warmly written!

    Reply
  4. 4m4x3 says:
    2 weeks ago

    brand zithromax 250mg – generic tinidazole metronidazole online order

    Reply
  5. 5l6tt says:
    2 weeks ago

    order semaglutide 14 mg for sale – purchase semaglutide without prescription brand cyproheptadine 4 mg

    Reply
  6. 3c448 says:
    2 weeks ago

    motilium oral – flexeril where to buy buy cyclobenzaprine medication

    Reply
  7. frphp says:
    3 days ago

    order augmentin 1000mg without prescription – atbioinfo.com buy ampicillin

    Reply
  8. krmm6 says:
    1 day ago

    buy esomeprazole 20mg for sale – https://anexamate.com/ esomeprazole capsules

    Reply
  9. gh47p says:
    51 mins ago

    buy warfarin pills – cou mamide cozaar 25mg usa

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Analysts Predict FXGuys Could Hit $10 by 2030

Analysts Predict FXGuys Could Hit $10 by 2030

April 19, 2025
Solana Game ‘Nyan Heroes’ Reveals Biggest Airdrop Yet for Next Playtest

Solana Game ‘Nyan Heroes’ Reveals Biggest Airdrop Yet for Next Playtest

March 6, 2025
Bitcoin spot ETF done – Is a six-figure BTC ‘supercycle’ coming up?

Bitcoin spot ETF done – Is a six-figure BTC ‘supercycle’ coming up?

January 11, 2024
Avive World (AVIVE) Price Prediction

MetisDAO (METIS) Price Prediction

December 28, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds
  • NFT sales reach $125m, Ethereum dethrones Polygon
  • Should You Play This NFT Soccer Game?

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.