Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home ยป Bitcoin Intensifying competition prompts mining companies to consider selling
    News

    Bitcoin Intensifying competition prompts mining companies to consider selling

    By adminJul. 18, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Bitcoin Intensifying competition prompts mining companies to consider selling
    Bitcoin Intensifying competition prompts mining companies to consider selling
    Share
    Facebook Twitter LinkedIn Pinterest Email

    According to Bloomberg, Cipher Mining is considering the interest of potential buyers. The company has initiated negotiations but has not committed to a sale, indicating that discussions are still in the early stages.
    Against the backdrop of rapid development in the AI industry and the increasing demand for data centers, Bitcoin miners are facing revenue challenges after the halving event in April. This financial pressure has prompted many in the industry to consider strategic choices. Analysts from JPMorgan emphasized the trend of AI companies exploring alternative solutions such as leasing power or obtaining data center capacity from BTC miners, given the limitations of direct power access.
    Meanwhile, North American Bitcoin miner Core Scientific recently signed a long-term contract with CoreWeave, and CleanSpark acquired GRIID Infrastructure for $1.55 billion. In the competitive landscape, Riot Blockchain is also attempting a strong acquisition of Bitfarms, highlighting the intensifying global market competition.
    When commenting on industry dynamics, Kerrisdale Capital expressed doubts about the sustained competitiveness of BTC miners listed in the United States, due to the high level of commercialization in the industry and the intensifying international competition.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleWall Street Nervous about Federal Reserve Interest Rate Cut Predictions
    Next Article Scammers Target Users of Popular Hamster Dash Game

    Related Posts

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    JPMorgan Launches Blockchain-Driven Repo Settlement Platform

    Aug. 7, 2025

    SEC Approves Liquid Staking for ETFs, Igniting Optimism in the Industry

    Aug. 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.