Bitcoin (BTC) miner CleanSpark’s fiscal year-to-date revenue crossed $100 million in May as its BTC production exceeded expectations, according to a June 2 statement. CEO Zach Bradford noted that these milestones were achieved even though most of its expansion plans ...
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Marathon Digital increased its production by 77% to 1,245 BTC in May
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you ...
Bitfarms sold 90% of its Bitcoin mined in May
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Bitcoin (BTC) miner Bitfarms sold 414 BTC, representing 90.19%, of its mined 459 BTC in May, according to a June 1 statement. According to the statement, the miner generated $11.3 million from the sold assets, reducing its debt by $1.8 ...
Is the US 30% Bitcoin mining tax dead?
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In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill aimed at tackling the Debt Ceiling crisis. This proposed 30% tax on energy costs for cryptocurrency ...
Canaan’s mining revenue rises 3.3% in Q1 while overall revenue declines
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Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to a May 26 statement. Mining revenue According to Canaan, it generated $11.1 million in mining revenue between January 1 and March 31. ...
Fahrenheit wins auction for Celsius’ assets
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Bankrupt crypto lender Celsius Network announced today that crypto consortium Fahrenheit has won in the court‑approved auction process to sell its assets. In a May 25 statement, Celsius said Fahrenheit would provide the capital, management team, and technology required to ...
Saylor advocates Ordinals Protocol, eyes global Bitcoin adoption
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Michael Saylor, MicroStrategy CEO, has recently voiced his support for developing the Ordinals protocol as a critical component in scaling the cryptocurrency to a broader audience. Saylor believes that Ordinals inscriptions are crucial for Bitcoin and gave two primary reasons ...
Less than 50,000 blocks remaining
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There are now less than 50,000 blocks to go before the Bitcoin halving triggers. A tweet from Bitcoin Woods highlighted the milestone, adding that this puts the halving date on April 22, 2024. Based on this timeline, the event will ...
Texas embraces greener Bitcoin mining with approval of flare gas emission bill
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you ...
Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1
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Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our ...