ChainCatcher news, according to data disclosed by Cointelegraph on the X platform, Bitcoin miners have transferred approximately 45,000 BTC to exchanges in the past three days.

ChainCatcher news, according to The Block, since the U.S. presidential election, Bitcoin has surged to a new high of over $93,500, with some large miners taking the opportunity to profit by selling part of their Bitcoin, approximately 2,000 coins sold last week.However, CryptoQuant analysts believe that Bitcoin is still undervalued, as valuation indicators do not show it to be overvalued, and with increasing market demand and improving liquidity, it is expected to soon challenge $100,000.

ChainCatcher news, according to data disclosed by The Block's research director Lars, Bitcoin miner revenue in October increased by 25.4%, reaching $1.02 billion.In addition, Ethereum staking revenue also stopped declining and rebounded to $221.5 million, an increase of 5.8%.

ChainCatcher news, according to data from The Block Pro, Bitcoin miners' revenue in October was $1.02 billion, an increase of $204.3 million compared to September, representing a month-on-month rise of 25%. Of this, $975.22 million came from block rewards, while $44.78 million came from transaction fees.

ChainCatcher news, the cryptocurrency mining company Bitfarms has signed a second hosting agreement with the American Stronghold Digital Mining to expand its operations at its facility in Pennsylvania. The initial terms of the agreement will expire on December 31, 2025, after which it will automatically renew annually. Additionally, Bitfarms will pay Stronghold 50% of the miner profits each month.Bitfarms CEO Ben Gagnon stated that the 20,000 miners on site will enhance efficiency and continue to improve the overall efficiency of the company. Previously, Bitmain signed the first hosting agreement with Stronghold in September, when it added an initial 10,000 miners to its Panther Creek facility in Pennsylvania. (Cointelegraph)

ChainCatcher news, according to The Block, JPMorgan analysts indicate that Bitcoin miners face a window of opportunity to sign contracts for data center and high-performance computing (HPC) services with large-scale computing and AI startups over the next 9 months.Due to delays in data center approvals and grid connections, Bitcoin miners can leverage their existing infrastructure to meet AI computing demands. The report notes that the capacity of the U.S. power grid is limited, and the demand for AI and HPC will continue to grow until 2026.

According to ChainCatcher news, reported by The Block, in September, the overall revenue of listed cryptocurrency mining companies experienced a decline for the third consecutive month, while the network difficulty increased, making the situation even more challenging.According to a report by JPMorgan, the Bitcoin network's hash rate increased monthly in the second quarter, reaching 643 EH/s in September, a 2% increase from August. Meanwhile, miners' revenue per EH/s decreased by 6% month-on-month, averaging $42,100.Despite the fact that Bitcoin's value increased by about 7% in September in terms of market capitalization, recovering most of the losses from August, the total market capitalization of 14 U.S.-listed Bitcoin miners tracked by JPMorgan rose by 4% in September, reaching $21 billion.

ChainCatcher news, according to Bitcoin.com, Bitcoin mining service provider Gomining has announced the establishment of the GoBTC Foundation, focusing on Bitcoin L1 and L2 projects. The foundation seeks to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.The foundation stated that it collaborates with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to enhance the overall Bitcoin ecosystem. To support new projects, the foundation offers two main programs: the IDO Launchpad and an accelerator, which includes a 12-week mentorship program.

ChainCatcher news, theblock.co mining data shows that Bitcoin miners earned $815.7 million from rewards and fees in September, marking the lowest income month of 2024, which is $35.66 million less than August. Of this, $800.184 million came from Bitcoin block rewards of 3.125 BTC, while in terms of fees, miners earned a total of $13.86 million for the entire month.It is worth noting that September was also the month with the lowest fee income of the year.

According to ChainCatcher news, as reported by Bitcoin Magazine, last week the U.S. Bitcoin spot ETF purchased a total of 6,573 BTC, while miners produced only 3,150 BTC. This means that the Bitcoin purchased by the U.S. Bitcoin spot ETF is more than twice the amount produced by miners.

ChainCatcher news, according to The Block, Core Scientific CEO Sullivan stated in an analyst interview that Bitcoin miners could achieve "exponential" growth in the coming years through its artificial intelligence data center services. However, this depends on whether the company can prove its ability to deliver gigawatt-level AI data centers to clients beyond its initial customer, CoreWeave.Sullivan stated, "Signing contracts for another 500MW or 1GW in the next few years would mean we are no longer a $2.5 billion company, but could potentially become a $25 billion to $30 billion company."Former investment banker Sullivan joined the company in April 2023, just four months into its Chapter 11 bankruptcy proceedings, following a crash in Bitcoin prices during the 2022 bear market, while energy prices soared. However, after successfully emerging from bankruptcy in January this year, Core Scientific signed a 12-year agreement with AI Hyperscaler CoreWeave, with total revenue potentially reaching $3.5 billion.Sullivan noted that Core Scientific had previously collaborated with CoreWeave on Ethereum GPU mining, then shifted to a proof-of-stake consensus mechanism, and reopened discussions with the company about conversion possibilities at the end of 2023.

ChainCatcher news, according to on-chain data analyst Ali, Bitcoin miners sold 2,655 Bitcoins over the weekend, worth approximately $154 million.

According to ChainCatcher news and data from theblock, Bitcoin miners' earnings in August hit a year-to-date low, generating a total of $851.36 million from subsidies and fees, of which $20.76 million came from on-chain fees.Mining revenue in August decreased by $99.75 million compared to July, and on-chain transaction fees contributed by users fell by $4.14 million from the previous month. Between block heights 855,014 and 859,303, Bitcoin miners mined a total of 4,289 blocks, with Foundry USA mining 1,248 blocks, accounting for 29.10%, and Antpool mining 1,074 blocks, accounting for 25.04%.

ChainCatcher message, the National Electricity Administration of Paraguay (ANDE) recently discovered and seized an illegal Bitcoin mining operation with 693 miners. ANDE confirmed its illegal act of stealing electricity, which is classified as a criminal offense under Law No. 7300/24, with a maximum penalty of 10 years in prison.

ChainCatcher news, according to CoinDesk, on-chain analytics firm CryptoQuant stated in a report that Bitcoin miners are once again expanding their capacity, as the network hash rate reached an all-time high this week following a "surrender" event. On Tuesday, the network hash rate set a new record of 627 exahash per second, recovering from an 8.5% drop in early July. The hash price (i.e., the average revenue per unit of mining power) also hit an all-time low, but miners are still expanding their capacity, indicating that their sentiment remains optimistic despite the sell-off in recent months.CryptoQuant stated: "Last week we may have seen a miner surrender event, as Bitcoin outflows from miners surged after the price hit $49,000. On August 5, the daily miner outflow of Bitcoin soared to 19,000 BTC, the highest level since March 18. Miners sold some Bitcoin as their average operating profit margin was squeezed to 25%, the lowest level since January 22." During bull markets, miner surrender events typically occur near local bottoms in Bitcoin prices.

ChainCatcher news, Bitcoin miner Cipher Mining reported a net loss of $15 million in the second quarter of 2024, slightly higher than the net loss of $13.2 million reported in the same period last year.Despite the widening losses, the company's revenue, cash on hand, and power supply also increased year-on-year. Its second-quarter revenue surged from $31.22 million in the same period last year to $36.81 million, while the cost of revenue decreased from $15.87 million to $14.28 million. The company's cash and cash equivalents amounted to $122.56 million, a significant increase from $86.11 million at the end of 2023, primarily due to the issuance of common stock valued at $163.28 million.Cipher also reported that its current hash rate is approximately 8.7 EH/s, with a goal of reaching 13.5 EH/s by the end of 2024 and 35.0 EH/s by the end of 2025, following the signing of an agreement to exercise an option to acquire three new energy sites with a cumulative power capacity of 1.5 GW.

ChainCatcher message, CryptoQuant posted on social media that Bitcoin miner reserves have fallen to the lowest level since the historical high in early 2021.

ChainCatcher news, according to Cointelegraph, Bitcoin miners' revenue has continued to decline over the past two weeks, reaching an annual low of $2.54 million on August 11. This figure was last seen in October 2023.

ChainCatcher news, according to data disclosed by CryptoQuant, the Bitcoin miner hash rate is rebounding, rising to 604 EH/s, an increase of 6% since July 9, and now less than 2% away from its all-time high.