Cipher Mining
Bitcoin Price Dropped Below $80K, Along with the Performance of BTC Miners from Wall Street in February 2024
- Major U.S. Bitcoin miners reported lower production in February due to a shorter month and increased network difficulty.
- The sector faces rising hashrate and lowering Bitcoin price, which dropped by 18% last month.
Wednesday, 05/03/2025 | 07:47 GMT by
Damian Chmiel
Wall Street Bitcoin Miner's Stocks Collapse as BTC Price Slips Below $90K
- Double-digit declines to multi-month lows hit all miners, with the worst performer losing 30%.
- This is driven by weaker 2024 financial results but, more importantly, Bitcoin’s falling price.
- BTC dropped to just $86,000, breaking key support levels. Analysts predict a further decline may occur soon.
Wednesday, 26/02/2025 | 07:16 GMT by
Damian Chmiel
Wall Street Bitcoin Miners Report Lower November Production Despite BTC Rising to $100,000
- Major BTC miners reported mixed November production results amid a 7% network difficulty increase.
- Although production declined for the 5th consecutive month, higher crypto prices led to a nearly 25% increase in revenue.
Wednesday, 04/12/2024 | 08:02 GMT by
Damian Chmiel
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