Category: Mining

[ad_1] Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet the demand for artificial intelligence. IREN (IREN) jumped 7.6% to a peak of $44.25 during trading on Wednesday, and…

[ad_1] Bitcoin miners are finally catching a breather as hashprice lifts off the basement floor after hitting punishing lows just days ago that squeezed operations to the edge. Even with that revenue dip, the network’s hashrate has held its ground, hovering in a tight band between 1,050 exahash per second (EH/s) and 1,100 EH/s. Miners…

[ad_1] Bitcoin (BTC) clawed back from $86,286 on Dec. 2 to $93,324 as of press time, up by 8%, while the Trump family’s American Bitcoin (ABTC) shares tumbled. The BTC price increase can be attributed to improved macro conditions and Vanguard’s opening of crypto ETF access to tens of millions of clients. At the same…