By Ted Late Bitcoin mining, the process of verifying and adding transactions to the Bitcoin blockchain, is mostly in the domain of large companies commanding fleets boasting tens of thousands of highly specialized Bitcoin miners. As the price of BTC continues to rise, so does the profitability of mining, increasing the market prospects of Bitcoin […]
Tag: EH
By Emir Abyazov Key highlights: Bitcoin’s hashrate fell nearly 15% from its October peak, signaling pressure on miners’ profitability. Miners are reallocating computing power to AI services to maximize profits amid tight margins. Despite lower hashrate, mining difficulty has decreased and hashprice has risen, supporting short-term profitability. Bitcoin’s hashrate has declined even as mining profitability […]
By Marco Piccolo Key highlights: Bernstein raises IREN’s price target from $20 to $75, citing its aggressive move into AI cloud services. IREN is now the largest public bitcoin miner by market cap, with shares up over 500% in six months. Analysts estimate AI will account for 87% of IREN’s value, with bitcoin mining contributing […]