ChainCatcher news, F2pool's online data shows that with the Bitcoin price at approximately $84,803, over half of the mainstream Bitcoin mining machines are at the shutdown price edge or are already operating at a loss. Among 135 mainstream mining machines, 68 machines (about 50.4%) have a daily net profit that is negative, meaning these devices can no longer be profitable at the current electricity price ($0.06 per kWh).Among the 67 machines that still have profit potential, 16 machines have electricity costs exceeding 60%, with the Shennong M33S+ and Shennong M30S+ having electricity cost ratios as high as 99%, and the Antminer S19's electricity cost ratio reaching 100%, at the breakeven point.The latest generation of mining machines, such as the Antminer S21 XP water-cooled version, has an electricity cost ratio of only 35%, with a daily net profit of $15.12, and a shutdown coin price of only $29,757, making it the most resilient mining machine in the market. Following closely are the Antminer S21e XP water-cooled version (shutdown coin price $32,237) and Teraflux AI3680 (shutdown coin price $37,197).

ChainCatcher news, according to CloverPool data, Bitcoin mining difficulty underwent a difficulty adjustment at block height 885,024, with the mining difficulty decreased by 3.15% to 110.57 T.

ChainCatcher news, Nasdaq-listed Bitcoin mining company BitFuFu announced that it has signed a final agreement to acquire a Bitcoin mining facility in Oklahoma, with an operational scale of 51MW and a transaction price of $400,000/MW, funded by cash and common stock from BitFuFu's balance sheet.It is reported that with the deployment of the AntMiner S21 series mining machines, the average cash cost of mining one Bitcoin at this site will be as low as $18,000 (excluding depreciation).

According to ChainCatcher news, as reported by Cryptoslate citing a VanEck report, Bitcoin mining companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC) businesses due to unstable transaction fee income.The report points out that while network congestion may lead to short-term fee increases, the rise of off-chain solutions such as exchange-traded funds (ETFs), futures markets, layer two networks, and centralized exchanges creates uncertainty for long-term on-chain revenue growth.It is reported that several mining companies, including Cipher Mining, Iris Energy, Riot Platforms, and HIVE Digital Technologies, have begun to lay out related businesses.VanEck expects that Bitcoin mining companies will allocate 20-30% of their power capacity for AI and HPC businesses in the future to diversify their revenue sources.

ChainCatcher news, according to The Miner Mag, Bitcoin mining company Core Scientific has expanded its high-performance computing (HPC) hosting business to Auburn, Alabama, by leasing AUBix's existing facilities. The company plans to make an initial capital investment of approximately $135 million in this 40,000 square foot facility, with total investments expected to exceed $400 million.Auburn Mayor Ron Anders stated that Core Scientific's $400 million investment is expected to bring in $1.5 million in annual tax revenue for the local area. The lease is for a term of 10 years, with the company having the option to extend it in increments of 5 years for up to 15 years.It is worth noting that Core Scientific resumed its full "HODL" strategy in January of this year, retaining all monthly Bitcoin production, increasing its Bitcoin holdings to over 500 coins.

ChainCatcher news, according to TheMinerMag, a recent report released by the Perryman Group shows that Bitcoin mining has created over 31,000 jobs for the U.S. economy, generating more than $4.1 billion in total output annually. The U.S. accounts for about 40% of the global Bitcoin hash rate.The report emphasizes that Texas is the biggest beneficiary of Bitcoin mining, with estimated annual economic activity of $1.7 billion, creating over 12,200 jobs. Georgia has an annual total output of $316.8 million, while New York contributes $225.9 million.It is reported that the report was commissioned by the industry nonprofit Texas Blockchain Council and the Digital Chamber of Commerce.

ChainCatcher news, according to CoinDesk, Bitcoin mining company MARA Holdings announced on February 18 that it has completed the acquisition of a wind farm in Texas. The wind farm has a rated power generation capacity of 114 megawatts and a grid connection capacity of 240 megawatts.MARA plans to use the wind farm to power its Bitcoin mining operations and will utilize the latest generation of ASIC miners. The company's CEO Fred Thiel stated that after this acquisition, MARA's total power generation capacity will reach 136 megawatts. As of now, MARA holds 45,659 Bitcoins.

ChainCatcher news, according to CoinDesk, JPMorgan's tracking data shows that in February, the global hash rate share of U.S. listed Bitcoin mining companies reached 29%, nearly double that of a year ago.The report noted that the Bitcoin network hash rate increased by 6% this month. However, JPMorgan stated that the daily profitability of crypto mining has decreased by 13% compared to the end of January.

ChainCatcher news, Wall Street trading firm Jane Street and its subsidiaries have acquired a 6% stake in Bitcoin mining giant Iris Energy.The 13G filing submitted on Friday shows that as of December 31, Jane Street Group holds a total of 11,797,987 shares of Iris Energy, representing a 6% stake. Iris Energy mined 521 BTC in January, with an actual hash rate of 28.93 EH/s, accounting for 3.71% of the Bitcoin mining production market share.Additionally, its holdings in Strategy and Coinbase exceed 5%.

ChainCatcher news, according to Cointelegraph, based on a study conducted by the Perryman Group and released by the Texas Blockchain Council and the Digital Chamber of Commerce, the Bitcoin mining industry, despite being an emerging field, has already created over 31,000 jobs in the United States directly through mining operations and indirectly through supporting industries.Twelve states in the U.S. account for most of the nation's Bitcoin mining activity, with Texas standing out, having created over 12,200 jobs directly through Bitcoin mining and related supporting industries.In addition, mining activities contribute over $4.1 billion to the U.S. GDP each year and effectively support the stable operation of local energy infrastructure by serving as a grid load balancing resource.

ChainCatcher news, Nasdaq-listed company Hive Digital officially released its performance report for the period ending December 31, 2024. Its Executive Chairman Frank Holmes stated that the company's mining output for 2024 was 1,770 BTC, and by the end of last year, it reached a new high in Bitcoin holdings, with a total of 2,805 Bitcoins valued at over $260 million. This figure represents a year-on-year increase of 263% compared to the $72 million in Bitcoin on the balance sheet at the end of December 2023.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitdeer officially updated its Bitcoin holding data, disclosing its latest holdings as of February 14th to be 833 BTC (excluding customer deposits), an increase of 28 BTC compared to last week's holdings.

ChainCatcher news, according to Decrypt, an explosion occurred in Bandar Puncak Alam, Malaysia, where an illegal Bitcoin mining operation was discovered, marking another case of electricity theft related to cryptocurrency in the country.At 11:41 AM on Tuesday, thick smoke and flames were seen coming from the house, prompting local residents to call for help. After the fire was extinguished at 4:45 PM, investigators found a complex illegal setup: nine Bitcoin mining machines, a blower, and a D-link router, all connected to an unauthorized power source.In Malaysia, while Bitcoin mining itself is not illegal, tampering with power supply lines is a criminal offense under Section 37 of the Electricity Supply Act, punishable by a fine of up to 100,000 Malaysian Ringgit (23,700 USD) and a maximum of five years in prison.

ChainCatcher news, according to Bitcoin News, Bitcoin mining company Digihost plans to convert its Bitcoin mining facility located in Alabama into an artificial intelligence and high-performance computing data center. This move is a business adjustment made in response to regulatory restrictions in New York State.

ChainCatcher news, according to Cryptonews, Abu Dhabi cryptocurrency mining company Phoenix Group has released its annual report for 2024.The data shows that the company's mining revenue increased by 236% year-on-year to $107 million, with total revenue reaching $206 million and a net profit of $167 million. The company currently contributes a hash rate of 15.0 EH/s to the Bitcoin network, accounting for 1.9% of the total network hash rate.The company plans to go public on Nasdaq this year.

ChainCatcher news, according to decrypt, JPMorgan analysts wrote in a report on Tuesday that the market capitalization of publicly traded cryptocurrency companies tracked by JPMorgan (including Coinbase and Bitcoin mining companies like Marathon and Riot) grew by 14% in January, reaching $108 billion, while the cryptocurrency market itself had a market capitalization of about $3.2 trillion at the end of January, an increase of 8%.Analysts pointed out that as a crypto-friendly regulatory environment begins to take shape under Trump's administration, the market capitalization growth rate of publicly traded cryptocurrency companies is nearly double that of the overall cryptocurrency market.Additionally, the SEC's willingness to work with cryptocurrency companies may benefit Coinbase, as the SEC filed a lawsuit against Coinbase in 2023 for alleged violations of registration requirements. However, JPMorgan analyst Charles Pearce stated that the performance of publicly traded cryptocurrency companies may have been largely driven by hype surrounding artificial intelligence, "the narrative for Bitcoin mining companies partly revolves around their ability to transition to HPC data centers, and some stocks have benefited from this development, which is unrelated to the overall trend of the cryptocurrency market."

ChainCatcher news, reported by TheMinerMag, shows that Bitcoin mining company CleanSpark released its fourth-quarter financial report, indicating that thanks to upgrades in mining machines and optimization of operating expenses, the company's unit cost of computing power has decreased by approximately 25%. During the reporting period, the company mined 1,945 Bitcoins, with mining revenue reaching $162 million, and the direct production cost per Bitcoin was $36,139.The financial report shows that CleanSpark invested $192 million in mining equipment in the fourth quarter, improving the energy efficiency of its mining machines to 19.2 J/TH. The company's electricity and hosting costs are approximately $0.0511 per kilowatt-hour. In January 2025, CleanSpark's actual computing power reached 34.77 EH/s, mining 626 Bitcoins, ranking second among public mining companies. During this period, the company raised $186 million through stock financing and $635 million through convertible bond financing.

ChainCatcher news, CoinDesk senior analyst James Van Straten stated that Bitcoin mining difficulty reached a historic high of 114.7 T after the weekend adjustment, an increase of 5.61% from the last difficulty adjustment.This change coincides with the timing of the Hash Ribbon indicator signaling miner capitulation. The Hash Ribbon is a market indicator that typically forms when miners capitulate—when mining costs exceed profits, suggesting that Bitcoin may be nearing a local bottom.According to data from Glassnode, miner capitulation began in early February. Bitcoin has dropped over 4% so far this month. Historically, when this indicator signals capitulation, it usually marks a local price bottom.If this pattern holds, the bottom for Bitcoin could be around $91,000. The last capitulation signal appeared in October 2024, after which Bitcoin surged by 50%.As mining difficulty increases, mining becomes more competitive, putting additional pressure on miners. January's production data reflects this, with Riot Platforms being the only major publicly listed miner reporting a month-over-month increase in output.