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 weekCrypto Venture Capital Investments Increase 26 Percent Year on Year in 2024
Crypto venture capital investments surged 26.1% in 2024, totaling $9.33 billion, with 1,535 projects disclosed. December saw a 60.9% month-on-month funding increase to $740 million, despite an 18.7% year-on-year decline. DeFi projects led the sector, while notable deals included Stripe’s $1.1 billion acquisition of Bridge and Iris Energy’s $413.4 million raise.
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