Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining. Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin miners and the BTC mining ecosystem, the company announced on Jan. 30. The fund invests specifically in companies from…
Crypto mining stocks have closed down for the second consecutive day as major tech stocks regained their footing after the US market was rocked by an artificial intelligence model from China’s DeepSeek, triggering concerns about the overvaluation of the country’s AI scene. Crypto mining firm Riot Platforms (RIOT) closed down 4.37% on Jan. 28, while…
Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11. On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023. The Bitcoin mining community…
Bitcoin miner Riot Platforms missed estimates after posting its first quarterly loss since 2022, as the miners continues to feel the impact of April’s halving event. Riot posted a Q2 net loss of $84.4 million, or $0.32 per share, double the $0.16 per share loss forecasted by investment research firm Zacks. It’s the first time the firm has…
A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price. “Congratulations to the miner who likely mined the first…
Potential sluggishness in the price of Bitcoin after the Bitcoin halving could tank the share prices of high-cost public miners in the United States, forcing some to even move offshore. “We might see a mining stock blood bath as investors realize these companies are barely making money,” says Jaran Mellerud, founder and chief mining strategist of…