Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

02/08/2025

Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

02/08/2025

Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

02/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

    02/08/2025

    BTC Nearing Exhaustion or Gearing Up for $130K Next?

    02/08/2025

    ‘No One Needs Bitcoin,’ Peter Schiff Downplays BTC Price Surge

    02/08/2025

    Bitcoin’s next 3 price levels to watch after record high

    02/08/2025

    Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

    02/08/2025

    The Most Searched Cryptocurrencies of the Last Days Have Been Revealed! “Ethereum and These Five Altcoins Are at the Top!”

    02/08/2025

    The top corporate ETH holders as Wall Street eyes crypto

    02/08/2025

    Ethereum Most Important Macro Trade for Next Decade: Tom Lee

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

    02/08/2025

    Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

    02/08/2025

    Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

    02/08/2025

    Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

    02/08/2025
  • Blockchain

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025

    The Protocol of Agents: Web3’s MCP Potential

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025
  • DeFi

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025

    Alchemy Pay Integrates into Solv Protocol to Bridge Fiat with Bitcoin DeFi

    02/08/2025

    Blazpay Joins Forces with CryplexAI to Drive AI DeFi with DePIN Storage

    02/08/2025

    Harbour Industrial Capital Invests $1.2 M into Four High-Growth Polkadot Ecosystem Projects

    01/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

    02/08/2025

    50% of non-investors don’t understand it well enough to buy

    02/08/2025

    JPMorgan Chase’s Plans for Charging Fintechs for Customer Account Data Raising Concerns With at Least One CFPB Official: Report

    02/08/2025

    Arthur Hayes says stablecoins will finance Trump’s ‘fascist

    01/08/2025

    Skycorp Solar’s Strategic Leap into Digital Assets and Ethereum Investment

    01/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

    31/07/2025

    $500,000,000 USDC Stun World’s Largest Crypto Exchange Amid Hourly Bloodbath

    31/07/2025

    Bithumb Temporarily Halts Celestia (TIA) Transactions!

    31/07/2025

    Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    London Bitcoin Company Surpasses 1,000 Miners in North America

    31/07/2025

    Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

    02/08/2025

    The SEC launches new project to engage small crypto startups

    02/08/2025

    COINS Act 2025 Offers a ‘Rights-First’ Roadmap

    31/07/2025

    GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum

    31/07/2025

    Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

    02/08/2025

    Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

    02/08/2025

    Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

    02/08/2025

    Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

    02/08/2025
  • MarketCap
NBTC News
Home»Mining»Bitcoin Miners Return, Invests Above $1B on Equipment Purchase
Mining

Bitcoin Miners Return, Invests Above $1B on Equipment Purchase

NBTCBy NBTC10/03/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin miners have actively returned to the market after a long period of silence in the recent crypto winter. According to a recent Bloomberg report, Bitcoin miners spend a lot of dollars on equipment and use energy at record levels, marking the revival of Bitcoin mining.

Reportedly, the Bitcoin miners are back in survival mode driven by Bitcoin’s prevailing bullish trend. Following the Spot Bitcoin ETF launch in January, Bitcoin has seen substantial surges in its price. The cryptocurrency, which stood below the $45k level, surged past $45k immediately after the launch.

With the increasing acceptance of ETFs and anticipations of the upcoming Bitcoin halving, BTC price started moving upward, crossing the substantial $50k and $60k levels, finally marking a new all-time high of $70k recently. Currently trading at $68,684, Bitcoin exhibits a 24-hour increase of 1.94% and a weekly surge of 12.23%.

As per the data shared by TheMinerMag, top mining companies have ordered about $1 billion worth of specialized computers since February 2023. CleanSpark Inc. and Riot Platforms spent the highest amounts of $473 million and $415 million, respectively, leading the group. Asher Genoot, the CEO of the Bitcoin miner Hut 8 Corp., stated,

Scale matters because you can get machines for better rates, bigger energy deals and drive down the cost of development. When you have scale, you have more marginal and growth profits and you can cover your big costs.

These miners look for inexpensive power as the computers they use to validate records of transactions on the blockchain to earn Bitcoin rewards consume a large quantity of energy. The machines they purchase help them to use the devices at favorable electricity charges.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

01/08/2025

Bitcoin mining faces surging power demands and record-low fees

01/08/2025

Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

31/07/2025

London Bitcoin Company Surpasses 1,000 Miners in North America

31/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

02/08/2025

Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

02/08/2025

Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

02/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.