BITPRISMIA
American Bitcoin (ABTC), reportedly backed by Donald Trump's family, has acquired 16,299 Bitmain Antminer rigs, signaling a major investment in Bitcoin mining and confidence in the sector's long-term growth.
Core Scientific reported a 62% decline in Q2 mining revenue to $62.4 million, reflecting broader challenges in the Bitcoin mining industry such as rising network difficulty and energy costs.
Greenidge has sold its Mississippi Bitcoin mining facility to LM Funding America for $3.9 million due to financial strain, reflecting the volatile nature of the crypto mining industry.
ConsenSys is reducing its workforce by 7% (49 employees) to improve profitability and adapt to evolving market conditions, reflecting broader industry trends in the crypto sector.
VanEck's research highlights excessive equity-based executive pay in Bitcoin mining companies, sparking shareholder discontent due to disparities with other sectors and volatile market conditions.