IREN’s co-founders, Dan and Will Roberts, have sold one million shares each, cashing out roughly US$33 million apiece after the company’s stock reached all-time highs. The stock’s recent rally, which has seen its share price climb 50% since September 8, follows the news that the company had purchased 9,000 NvidiaContinue Reading
A solo Bitcoin miner struck it rich on September 7, successfully mining block #913,593 and earning a reward of 3.13 BTC, worth US$347,980. The miner, operating with a hash rate of 200 TH/s on the CKPool platform, had a chance of success of about 1 in 36,000 per day, orContinue Reading
To refocus on infrastructure, Hut 8 will move most Bitcoin mining operations to American Bitcoin. New US sites in Louisiana, Texas and Illinois add 1.53 GW of capacity. Analyst Mark Palmer raised Hut 8’s target to US$36 (AU$55.3), citing strong growth. Hut 8 Corp has announced that it will transferContinue Reading
With Bitcoin trading above $100k USD, mining a block can be extremely profitable — but the record-high hash rate has made it nearly impossible for small miners. Against the odds, a solo miner recently cracked block 910,440 via the Solo CK pool, earning 3.25 BTC plus fees — a windfallContinue Reading
IREN mined 728 BTC in July, surpassing MARA’s 703 BTC Despite a lower hashrate, IREN’s more than 90% fleet utilisation outperformed MARA’s less than 75% IREN’s share price surged 11.4% to US$18.32 and its market cap hit US$4.11b. Australian Bitcoin miner IREN Limited has outperformed its main rival, MARA Holdings,Continue Reading
