Public miners experienced a 15% month-over-month decline in Bitcoin production in January, producing 3,267 BTC as mining difficulty and hash rate reached all-time highs. While Riot Platforms reported a slight increase, other major miners like Marathon Digital and Hut 8 faced significant drops in output. The surge in mining difficulty, which rose 5.6% to 114.1 trillion, alongside a record hash rate of 845.42 EH/s, has intensified competition and reduced profitability, with hashprice falling to $54 per petahash daily.
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0 in Finance and 0 in Crypto last weekBitcoin ETFs Outpace Mining Production in December 2024
In December 2024, Bitcoin ETFs in the U.S. acquired approximately 51,500 BTC, nearly three times the 13,850 BTC produced by miners, highlighting a significant supply-demand imbalance. Major mining firms reported production figures, with Marathon Digital leading at 9,457 BTC. As demand surged, inflows into Bitcoin ETFs reached over $900 million on January 3, with projections for even higher amounts shortly after.
about Bitcoin ETFs Outpace Mining Production in December 2024Bitcoin Miners Embrace AI and Yield Strategies for Growth in 2025
Bitcoin miners are set to increase revenue in 2025 through yield strategies for BTC holdings and diversification into AI compute. Companies like CleanSpark and Bit Digital are exploring securities lending and high-performance computing (HPC) initiatives, while potential regulatory shifts may enhance the industry’s outlook. Key players are focusing on scaling operations and securing power agreements to capitalize on these emerging opportunities.
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