Bitcoin miners send record $128M in revenue to exchanges
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.
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
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
CoinShares reports $2B in crypto ETP inflows as AI revenue for Bitcoin miners could hit 70%
Bitcoin miners' shift to AI and HPC highlights a strategic pivot, reshaping industry dynamics and investor confidence in crypto ma...
A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin. The Nasdaq-...
Deribit moved 90% of client assets to Coinbase, then killed its daily proof-of-reserves check
Deribit will remove its public Proof of Reserves page on Sept. 1, ending a daily check customers could use to verify balance inclu...
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IR...
Sui (SUI) Price Prediction: ETF Inflows and 100MA Support Strengthen $1.15 Outlook
Recent SUI price action has focused attention on the $0.73-$0.76 area, where several short- and medium-term moving averages are pr...