Bitcoin Halving Sparks Migration of US Mining Equipment to Low-Cost Power Countries: Report
Older machines post-halving may be unprofitable in the U.S. but can yield returns in Africa/South America due to lower electricity
Older machines post-halving may be unprofitable in the U.S. but can yield returns in Africa/South America due to lower electricity
Recent increase in Bitcoin's price prompted sales from miners.
Following a period of bankruptcy turmoil, Core Scientific regained its listing on the NASDAQ in January.
Amidst a market-wide rally, Bitcoin miner earnings have soared to a new high.
The report highlights miners' need to be proactive for profitability, not just maintaining their network position.
Bitcoin miner revenue achieved its second-highest daily performance in history, a day after the crypto blasted past its ATH.
The crypto mining firms nearly doubled its production rate, but surging BTC prices also helped.
Bitcoin miners sent a whopping 700,000 BTC to OTC desks in just a few weeks.
The BTC difficulty metric increased to over 80 trillion for the first time ever.
Bitcoin whales appear to be betting big, accumulating over 100,000 BTC amidst market optimism.