CoinObserver.net | Crypto News
Stay informed with the latest crypto news at CoinObserver.net. Get real-time BTC news, Bitcoin ETF news, and Ethereum ETF updates. Explore comprehensive coverage of Bitcoin and altcoin mining news.
Marathon Digital, a U.S.-based company, recently disclosed its quarterly figures. During the first three months of 2024, the company managed to mine 2,811 Bitcoins, valued at a staggering $176 million. Remarkably, the company unveiled possessing liquidity amounting to $1.6 billion, affirming the inclusion of Bitcoin within this substantial figure. Profits Surge as Marathon Digital Reveals…
The United States Energy Information Administration (EIA) has announced its initiation of a comprehensive investigation into the energy consumption of crypto mining companies based in the U.S. This probe, set to commence next week, specifically targets certain Bitcoin mining entities. The call for this investigation came under the “Urgent Collection of Data” title from the…
As Bitcoin’s price continues to surge, Bitcoin miners have ramped up their selling activities. Data compiled by TheMinerDag reveals that the top 13 publicly traded Bitcoin mining companies sold more Bitcoin than they produced throughout October. Companies like Marathon Digital and Core Scientific reported a sales-to-production ratio of approximately 105%. This implies that miners sold…