The Bitcoin mining sector in North America is growing at around 15% annually, mainly due to dropping electricity costs. CJMining, a well-known mining service provider, plans to acquire a 53-megawatt facility in Oklahoma that offers electricity at just $0.029 per kWh, significantly lower than the North American average. The facility is equipped with advanced technology ...
Riot Platforms, Inc. is a leading Bitcoin mining and digital infrastructure company with operations in Texas and Kentucky. Recently, the firm reported a decline in Bitcoin production, with a notable drop of 11% from January to February 2025, producing a total of 470 Bitcoins. As of March 4, 2025, the company’s stock is priced at ...
US bitcoin miners are stockpiling the cryptocurrency to safeguard against rising costs and intense competition. Companies like Mara Holdings and Riot Platforms have raised over $3.7 billion from investors since last November, driven by recent bitcoin prices reaching $100,000. This influx of funds will help them purchase more bitcoin as they navigate tight profit margins ...
Bitcoin’s hashrate, which measures the computing power needed to mine new blocks on the blockchain, is projected to hit 1 zettahash per second by 2027. Currently around 787 exahash per second, this increase puts pressure on miners to find affordable electricity and improve their equipment. As the hashrate rises, so do energy costs, directly impacting ...
Donald Trump’s presidency brings a pledge to ensure that all Bitcoin is “made in the USA.” This promise follows his meeting with crypto mining executives, marking his shift from skepticism to support for the industry. However, achieving this goal is challenging due to the decentralized nature of blockchains and increasing competition from global mining operations, ...
