Bitcoin miners sold their entire May harvest: report
Bitcoin miners are finding it extremely hard to continue their operation as the cost of production has exceeded the profit.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin miners are finding it extremely hard to continue their operation as the cost of production has exceeded the profit.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
MiCA rejection forces German crypto platform into operational overhaul
Bitcoin.de is rebuilding its operating model after German regulators rejected its MiCA authorization, forcing it to outsource trad...
BitMine’s Ethereum buying spree could end in six weeks
BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the...
Metaplanet Sold 10,000 Bitcoin, Then Bought 11,000 Back. Here’s Why
TL;DR: Metaplanet disclosed that it sold 10,000 BTC during the third quarter for roughly $790 million before buying 11,000 BTC for...
Citi predicts Bitcoin going back to $113,000. Here’s what the buying data shows
Citi's $113,000 Bitcoin target would require a roughly 36% rise from the Oct. 7 reference price, keeping it below its previous rec...
Circle reports $14 trillion-plus in USDC activity as volume grows 151%
USDC's massive transaction volume highlights stablecoins' growing role in digital finance, but revenue reliance on interest rates...
Wells Fargo Reportedly Talking With Kraken Parent Payward to Source Crypto Trading Liquidity
Wells Fargo is in discussions with Payward, the company that operates the Kraken exchange, about a deal that would have Payward su...