2024

Bitcoin

April

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>HIVE and TeraWulf prioritize efficiency to navigate Bitcoin halving impact. </strong></li> 
 <li><strong>Both miners maintain strong gross margins despite decreased production. </strong></li> 
 <li><strong>Expansion plans highlight their commitment to long-term growth in the Bitcoin mining sector. </strong></li> 
</ul>   
<p>Bitcoin miners HIVE Blockchain and TeraWulf are focusing on efficiency to navigate the challenges posed by the recent <a href="https://coinedition.com/the-aftermath-of-bitcoin-halving-miners-struggle-and-the-road-to-recovery/">Bitcoin halving</a>. Michael Saylor, founder of Microstrategy, emphasized the importance of miners adopting the “Bitcoin Standard,” echoing the sentiment of the broader industry.</p>   
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Bitcoin Miners should adopt the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> Standard.</p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1823334974637924474?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure>   
<p>HIVE <a href="https://x.com/theMiningPod/status/1823074180088135977" target="_blank" rel="nofollow">mined</a> 449 Bitcoin during the quarter, a decline from the previous quarter’s 658 BTC, while TeraWulf self-mined 699 Bitcoin. In comparison, competitor <a href="https://coinedition.com/riot-platforms-defies-bitcoin-halving-posts-strong-q2-earnings/">Riot Platforms</a> produced 370 BTC in July alone. This shift in production highlights the notable impact of the halving event in April 2024.</p>   
<p>Both companies are focusing on operational efficiency and cost management to stay competitive. HIVE reported a gross operating margin of 35%, while TeraWulf achieved a higher gross profit margin of 60.9%. These margins reflect the…</p>
<p>The post <a href="https://coinedition.com/hive-and-terawulf-efficiency-key-for-bitcoin-miners-post-halving/">HIVE and TeraWulf: Efficiency Key for Bitcoin Miners Post-Halving</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

HIVE and TeraWulf: Efficiency Key for Bitcoin Miners Post-Halving

Coin Edition

Other articles published on Aug 13, 2024

Are Bitcoin ETFs on track to surpass Satoshi Nakamoto as the largest BTC holder?

El Salvador secures $1.6 billion to improve its ports and bolster Bitcoin City

FBI Breaks Silence About Bitcoin Creator Satoshi Nakamoto

What is Ore on Solana?

Spot Bitcoin ETFs on Track to Pass Satoshi in BTC Held as Flows Flip Positive

OKX Nigeria Shuts Down After Government Amends Regulations

Join our free newsletter for daily crypto updates!