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.

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed mining company IREN released its monthly update report for January 2025, disclosing a mining output of 521 BTC in January, a decrease from last month's output of 529 BTC.

ChainCatcher news, according to CloverPool data, the Bitcoin network completed a new round of difficulty adjustment on February 9, 2024, at 17:33:07 (block height 883,008), with the difficulty value increased by 5.61% to 114.17 T.The current average hash rate of the Bitcoin network is 814.41 EH/s, and the next difficulty adjustment is expected to occur in about 14 days.

ChainCatcher news, the latest data from the encryption research institution HODL15Capital shows that as of February 8, 2025, publicly listed Bitcoin mining companies hold a total of over 95,000 BTC.Among them, Marathon Digital (MARA) holds the most BTC, with 45,659 coins, followed by Riot Platforms (RIOT) with 18,221 coins, CleanSpark (CLSK) with 10,556 coins, and Hut 8 (HUT) with 10,208 coins. Other major mining companies such as HIVE, FUFU, CANGO, and CANAAN hold less than 3,000 coins each.

ChainCatcher news, Nasdaq-listed cryptocurrency mining company Bit Digital, Inc. officially released its unaudited operational update report for January 2025, disclosing a mining output of 28.7 BTC in January, a decrease of 11.4% compared to the previous month. Additionally, by staking 21,568 ETH in the native staking protocol, it earned a staking reward of 65.8 ETH.As of January 31, the company held a total of 768.7 BTC and 27,689.6 ETH, with a fair market value of approximately $78.7 million and $91.3 million, respectively.

ChainCatcher news, Bitcoin mining company Bitdeer has invested $21.7 million to complete a fully permitted power project deal on 19 acres of land near Fox Creek, Alberta. This acquisition enables Bitdeer to build an on-site natural gas power plant and gain approval for a 99 MW grid interconnection with the Alberta Electric System Operator (AESO).Bitdeer expects to collaborate with an engineering and construction company to power the plant in the fourth quarter of 2026. Meanwhile, the company plans to develop a 99 MW data center at the site specifically for Bitcoin mining.

ChainCatcher news, according to data from The Block, Bitcoin mining revenue reached $1.4 billion in January 2025, a decrease of 2.78% compared to $1.44 billion in December 2024.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining announced that it has secured a $50 million PIPE investment from SoftBank. It is reported that SoftBank intends to purchase approximately 10.4 million shares of the company's common stock for $50 million. The new funds will support its HPC data center development business.PIPE investment (Private Investment in Public Equity) is a type of private equity investment focused on publicly traded companies, investing in them through a non-public method.

ChainCatcher news, according to official information, Grayscale has launched a Bitcoin mining ETF (MNRS), which is listed on the NYSE Arca.MNRS tracks the performance of the Indxx Bitcoin Miners Index, providing investors with investment opportunities in global Bitcoin mining companies.