Cango just sold 2,000 Bitcoin—$143 million worth—to wipe out debt, while hacking mining costs 19% to $68,216 per coin. But with shares down 39% in a month, is this survival or surrender?
Cango just knifed its Bitcoin production costs by 19%. But selling 2,000 BTC amid price dips? Smart cash grab or sign of deeper woes.
Iran's Bitcoin hashrate just tanked 77%. War hit miners hard – global network? Yawns and carries on.
Marathon Digital just sold $1.1 billion in Bitcoin and fired 15% of its workforce in the same breath. But this isn't a survival move—it's a strategic admission that pure Bitcoin mining is dying.
Riot Platforms just sold $290 million worth of bitcoin in Q1. It's not alone—miners everywhere are cashing out BTC for AI infrastructure bets.
Bitcoin mining just hit a wall. Soluna's massive bet on wind power and AI infrastructure reveals an industry in crisis—and a possible way out.