Bitcoin Mining Costs Soar by 168% as Capacity Expands

BitFuFu, a cloud mining company affiliated with Bitmain, has recently unveiled its unaudited financial and operational report for the second quarter of 2024, which concluded on June 30. The report highlights significant developments in the cost dynamics and operational scale of Bitcoin mining during this period.


Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K

Defunct exchange Mt. Gox moved 13,265 BTC on-chain, according to Arkham Intelligence. According to Galaxy’s Alex Thorn expects only 1,265 BTC may be offloaded in the market. Mt. Gox-related selling pressure might raise its head again in the bitcoin {{BTC}}