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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 > bitcoin-miner-manufacturer-canaan-sells-crypto-to-buy-back-shares-after-97-6-million-quarterly-loss

Bitcoin miner manufacturer Canaan sells crypto to buy back shares after $97 million loss

5+ day, 5+ hour ago   (481+ words) Revenue fell below its $35 million guidance floor, while later crypto sales funded part of its share buybacks. Canaan, the Bitcoin mining-equipment maker, reported second-quarter 2026 revenue below its earlier guidance on Sept. 8, as weaker machine demand put more weight on its…...

CryptoSlate
cryptoslate.com > ethereum-arbitrage-study-reveals-builders-receive-5-for-every-1-burned-by-the-network

Ethereum arbitrage study reveals builders receive $5 for every $1 burned by the network

1+ week, 1+ hour ago   (838+ words) Bitquery's 30-day sample separates trading proceeds from ETH supply reduction, while builders' onward payments leave final profit shares unresolved. Ethereum arbitrage generated about $5.24 in builder receipts for every $1 burned in a 30-day sample reported by blockchain data provider Bitquery. Its…...

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, 6+ 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?

2+ week, 1+ 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 > crypto-miner-warns-of-potential-bankruptcy-as-unclosed-financing-leaves-33-million-in-maturing-debt-exposed

Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed

4+ week, 2+ hour ago   (408+ words) The PIPE’s Oct. 10 outside date lands 21 days before the notes mature, with $9.2 million of June liquidity. Under its current plan, the proposed Vulcan financing totals $39.4 million and would redeem $33.1 million in senior notes due Oct. 31. Its Aug. 14 quarterly filing said…...