Bitcoin mining has become unprofitable in the United States and several other major countries as the cost to produce one Bitcoin now exceeds its market value. With energy prices varying globally, miners face mounting pressure ahead of the next reward halving. Some operations are pivoting to AI data centers, while others rely on ultra-low electricity rates to stay afloat.
about Bitcoin Mining Unprofitable in U.S. as Costs Exceed PriceCore Scientific
0 in Finance and 0 in Crypto last weekCoreWeave Raises $2B in Convertible Notes for AI Infrastructure Expansion
AI infrastructure provider CoreWeave (CRWV) has announced a $2 billion private offering of convertible senior notes due 2031, a major capital raise aimed at fueling its expansion in the competitive artificial intelligence sector. The move, which includes sophisticated financial engineering to protect existing shareholders from dilution, follows a yearlong strategic pursuit of additional power capacity through data center operator Core Scientific, underscoring the intense resource demands of scaling AI infrastructure.
about CoreWeave Raises $2B in Convertible Notes for AI Infrastructure ExpansionBlockFi Resumes US Crypto Withdrawals After Court Order
BlockFi has resumed cryptocurrency withdrawals for eligible US clients following a court order in its ongoing bankruptcy proceedings, marking a significant development in the complex case that has frozen customer assets since November 2022. The partial restoration of services comes with strict eligibility criteria and excludes international users, while the company continues to navigate regulatory challenges and pursue fund recovery from bankrupt entities including FTX and Alameda Research.
about BlockFi Resumes US Crypto Withdrawals After Court OrderBitcoin Mining Stocks Plunge 20-50% Amid BTC Pullback
Major Bitcoin mining stocks suffered devastating losses this week, plummeting 20-50% as the sector dramatically underperformed Bitcoin’s modest pullback. Publicly traded miners saw billions in market value evaporate during the five-day trading period, with nearly every significant mining company posting double-digit declines that highlight the sector’s heightened volatility and amplified risk profile compared to the underlying cryptocurrency.
about Bitcoin Mining Stocks Plunge 20-50% Amid BTC PullbackBitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit Plunge
Bitcoin mining profitability has collapsed to two-year lows as record network difficulty and vanishing fees create an industry crisis. The sector is rapidly dividing between traditional miners facing existential threats and those successfully pivoting to AI infrastructure services, with hashprice dropping 19% in just one month to $42.14 per terahash per day despite Bitcoin trading around $101,500. This structural shift is fundamentally rewriting the business model for cryptocurrency mining operations worldwide, creating a stark divide between those riding out Bitcoin’s hardest math problem and those rewriting it entirely through AI.
about Bitcoin Mining Crisis: AI Pivot Splits Industry Amid Profit PlungeCoinbase Q3 Soars, Bitcoin ETF Outflows, New Volatility ETF
Coinbase delivered a stellar Q3 performance with $1.9 billion in revenue as trading volumes rebounded, while BlackRock’s Bitcoin ETF saw significant outflows amid price volatility, and REX Shares launched a new ETF targeting crypto-exposed stocks. The crypto markets continue to demonstrate both opportunity and turbulence for investors, with volatility proving both a challenge and an opportunity across different financial products.
about Coinbase Q3 Soars, Bitcoin ETF Outflows, New Volatility ETFREX Launches ETF Turning Crypto Volatility Into Weekly Income
REX Shares has launched a new exchange-traded fund designed to transform market volatility into weekly income streams. The REX IncomeMax Option Strategy ETF employs hedge-fund style tactics focused on volatile equities, including several crypto-focused companies. This actively managed product aims to generate premium income through sophisticated options trading while providing downside protection against extreme market swings.
about REX Launches ETF Turning Crypto Volatility Into Weekly IncomeCore Scientific Shareholders Reject $9B CoreWeave Merger
Bitcoin miner Core Scientific’s shareholders have rejected a proposed $9 billion acquisition by AI infrastructure firm CoreWeave, dealing a significant blow to one of the most-watched mergers in the cryptocurrency sector. The deal, which had been in negotiation for over a year, failed to secure necessary approval during Thursday’s shareholder meeting, with final voting results to be formally disclosed in an SEC filing on Friday.
about Core Scientific Shareholders Reject $9B CoreWeave MergerCoreWeave’s $9B Bitcoin Miner Deal Rejected by Shareholders
Core Scientific shareholders have rejected a proposed $9 billion all-stock merger with AI computing firm CoreWeave, terminating what would have been one of the largest transactions in the high-power computing space. The shareholder rejection sent CoreWeave’s stock down nearly 4% while Core Scientific’s shares rose slightly, reflecting investor concerns that the deal undervalued the Bitcoin miner despite ongoing profitability challenges in the cryptocurrency mining industry.
about CoreWeave's $9B Bitcoin Miner Deal Rejected by ShareholdersBitcoin Mining Crisis: Bankruptcies, Energy Costs & Survival
Bitcoin miners are facing their toughest challenge yet as rising energy costs and plummeting BTC prices push major mining firms toward bankruptcy. While companies like Core Scientific and Argo Blockchain struggle with liquidity crises, the industry’s hash rate continues to hit record highs. This paradox defines the current state of Bitcoin mining profitability.
about Bitcoin Mining Crisis: Bankruptcies, Energy Costs & SurvivalEarnings Season Surprises, Trade Deal Hopes Boost Markets
Corporate America is delivering unexpectedly strong earnings results during a data-light week, providing investors with much-needed direction as markets navigate uncertain waters. The positive momentum is further bolstered by renewed optimism around US-China trade negotiations, with President Trump expressing confidence in reaching a fair deal that could ease longstanding tensions between the economic superpowers.
about Earnings Season Surprises, Trade Deal Hopes Boost MarketsBitcoin Miners Move $5.6B to Exchanges as AI Offers Escape
Bitcoin miners are showing signs of stress as they transfer massive amounts of Bitcoin to exchanges following a $19 billion market downturn. Data reveals over 51,000 BTC worth $5.6 billion moved to Binance in just one week, signaling potential sell pressure buildup. This shift comes as mining profitability hits multi-month lows and operators explore AI computing as an alternative revenue stream.
about Bitcoin Miners Move $5.6B to Exchanges as AI Offers Escape