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Cryptoslate

Stay updated with the latest crypto news, insights, and data on CryptoSlate. Your go-to source for everything crypto.

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News

CryptoSlate
cryptoslate.com > bitcoins-316-day-hashrate-drought-shows-why-ai-could-make-this-mining-downturn-harder-to-reverse

Bitcoin’s 316-day hashrate drought shows why AI could make this mining downturn harder to reverse

1+ week, 4+ day ago   (920+ words) Hashrate remains below its peak after 316 days as miners weigh improving BTC economics against long-duration compute revenue. Bitcoin’s hashrate has spent 316 days below its record as miners redirect power toward AI. The seven-day network average stood near 914 exahashes per second…...

CryptoSlate
cryptoslate.com > veteran-bitcoin-developer-luke-dashjr-exits-ocean-pool-will-hash-power-follow-him-to-new-pool

Veteran Bitcoin developer Luke Dashjr exits OCEAN pool - Will hash power follow him to new pool?

1+ week, 6+ day ago   (538+ words) OCEAN still represented 2.45% of trailing-day blocks after buying out its co-founder, while CONVOY disclosed no operational footprint. OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and three leadership roles…...

CryptoSlate
cryptoslate.com > a-22-9-million-capital-deficit-threatens-to-derail-an-energy-firms-pivot-to-off-grid-bitcoin-mining

A $22.9 million capital deficit threatens to derail an energy firm's pivot to off-grid Bitcoin mining

3+ week, 1+ day ago   (701+ words) July output was worth roughly $1.16 million at Aug. 21 spot prices before unsettled hosting costs, as interest begins on $16 million of seller notes. Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary…...

CryptoSlate
cryptoslate.com > bitcoin-miners-are-getting-a-new-ai-hedge-but-it-may-protect-them-from-the-wrong-risk

Bitcoin miners are getting a new AI hedge, but it may protect them from the wrong risk

3+ week, 1+ day ago   (928+ words) CFTC-backed compute futures could cushion GPU price swings while leaving hundreds of millions in financing and dilution exposure untouched. The US derivatives regulator is exploring a market for futures tied to AI computing power just as Bitcoin miners pour hundreds…...

CryptoSlate
cryptoslate.com > this-bitcoin-miner-just-signed-a-350-million-ai-deal-but-it-needs-185-million-to-make-it-work

This Bitcoin miner just signed a $350 million AI deal, but it needs $185 million to make it work

3+ week, 2+ day ago   (536+ words) HIVE must complete a massive Nvidia buildout before most of the contract can start generating revenue. HIVE Digital Technologies’ $350 million AI cloud contract depends on a $185 million GPU buildout that must be completed in the fourth quarter before most of…...