JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and rendering roughly 20% of the industry unprofitable.
American Bitcoin Corp. (Nasdaq: ABTC), a Trump family-linked mining company based in Miami, reported a $59 million fourth-quarter net loss after a 23% drop in bitcoin’s price triggered a $227 million non-cash mark-to-market charge
IREN Limited (NASDAQ: IREN) and Cipher Mining Inc. (NASDAQ: CIFR) made major moves with Microsoft and Amazon, signaling their shift from Bitcoin mining to AI infrastructure.
Grayscale Investments has launched the Grayscale Bitcoin Miners ETF (MNRS), offering investors a way to gain exposure to the Bitcoin mining industry without directly holding BTC. Tracking the Indxx Bitcoin Miners Index, the ETF includes major players like MARA, Riot, and Core Scientific, making it an attractive option for those looking to diversify into Bitcoin-related equities.
Gridless’ co-founder Janet Maingi explains how her company’s Bitcoin mining work is helping to electrify rural Africa, leading to a better quality of life for those in the communities Gridless touches.
Heatbit’s founder Alex Busarov has created a device that not only lets people increase their bitcoin stack while keeping their home warm but that also contributes to the decentralization of the Bitcoin hashrate.