Topic
mining
5 stories
Cango stock drops ~21% after $81.6M quarterly loss as miner shrinks its fleet
Bitcoin miner Cango's stock fell about 21% on September 1 after it reported an $81.6 million second-quarter net loss and roughly halved revenue while shrinking its mining fleet.
StarkWare says it pushed through a quantum-resistant Bitcoin transaction — by going around the network
StarkWare says it executed the first Bitcoin transaction hardened against quantum attack, using brute-forced signatures that a MARA mining pool had to accept directly because ordinary nodes would reject it.
Bitcoin mining difficulty falls below year-ago levels for only the second time ever
Bitcoin's mining difficulty has dropped to 126.23 trillion, 1.1% below where it sat a year ago — only the second annual decline ever, after China's 2021 mining ban.
Russia moves BitRiver founder into pre-trial detention over undelivered mining rigs
A Moscow court moved BitRiver founder Igor Runets from house arrest into pre-trial detention over an unfulfilled 2023 mining-equipment contract with an En+ subsidiary, with investigators alleging 1 billion rubles in damages.
Trump-family miner American Bitcoin plans reverse split to keep its Nasdaq listing
American Bitcoin, the Trump-family bitcoin miner, will execute a 1-for-15 reverse stock split next week to stay above Nasdaq's $1 minimum bid after shares hit a record low around $0.64.