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>   
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  <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>
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<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

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