Bitcoin Mining

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Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.

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Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
Investors can benefit by valuing the companies as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.
Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)

Marathon Digital CEO Fred Thiel (CoinDesk)
Bitcoin Miner Marathon Buys $100M BTC, Will Once Again Adopt 'Full HODL' Strategy
The miner holds over 20,000 bitcoin and plans to buy more in the open market.
Marathon Digital CEO Fred Thiel (CoinDesk)

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)
Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says
Riot will have the second-largest capacity among U.S. listed bitcoin miners following the purchase, and the deal serves as the latest evaluation of underdeveloped power assets...
Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)
Iris Energy Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.
Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)

The Mining Pod With Will Foxley Wide
Wealth Optimization Strategies For Bitcoiners
How do you grow your Bitcoin stack and protect it? We explore with Bespoke.
The Mining Pod With Will Foxley Wide

Swan Bitcoin CEO Cory Klippsten pulls plan for an IPO. (Swan Bitcoin)
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
The bitcoin financial firm previously planned to go public by end of this year.
Swan Bitcoin CEO Cory Klippsten pulls plan for an IPO. (Swan Bitcoin)

Alta Novella's turbine room with 40 ASIC bitcoin miners.
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark
The broker raised its price target for the shares to $16 from $13 while reiterating its buy rating on the stock.
Alta Novella's turbine room with 40 ASIC bitcoin miners.

The Mining Pod With Will Foxley Wide
Bitcoin & AI, IREN’s Short Report and Tether’s Mining Investments
The Mining Pod gang tackles this week’s Bitcoin and Bitcoin mining news!
The Mining Pod With Will Foxley Wide

A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)
Bitcoin Mining Is So Back (Except It's AI Now)
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at l...
A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)

Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
The bitcoin miner will be a leader in hosting high-performance computing due to its lucrative deals with CoreWeave and management’s deep experience in operating enterprise dat...
Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)