BTC mining profits elusive as difficulty hits all-time high

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The post BTC mining profits elusive as difficulty hits all-time high appeared first on CoinGeek.

More of these deals are likely in the offing as investors come to terms with the fiscal reality of BTC mining and the realization that no one appears to care about the ‘decentralization’ trope anymore.

But Bitfarms isn’t taking this takeover lightly, announcing on August 21 that it was acquiring struggling rival Stronghold Digital in a stock-for-stock merger transaction valued at $125 million plus the assumption of $50 million in debt.

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Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaMaliNigerNigeria

Topics: Satoshi Nakamoto Loka Mining BTC Block reward miners Bitcoin SV CleanSpark Donald Trump Galaxy Digital Foundry USA Mike Novogratz GRIID Infrastructure Rhodium Fabiano Consulting Ben Gagnon Bitfarms Antpool BSV blockchain MARA Marathon Digital Core Scientific Bitbo David Bailey Amanda Fabiano Tech Bitcoin Core Crypto Crime Cartel United States

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 11:00:15 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1709 words

Reading Time: 10 minutes read

Sentences: 63 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 22347709

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