On Tuesday, as the entire crypto market slipped more than 2.5%, publicly traded bitcoin miners (36 of them, but not all) strutted in the opposite direction, chalking up a 4% gain during the stock market’s trading session.
Canaan Inc. has secured a purchase order from a U.S.-based bitcoin miner for more than 50,000 of its latest Avalon A15 Pro mining machines, marking its largest order in three years.
By the numbers, Bitcoin’s network difficulty climbed 5.97% at block height 917,280, landing it the title of this year’s third-biggest jump.
Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul.
Soluna Holdings and Canaan Inc. signed a hosting deal to deploy 20 megawatts of Avalon A15 XP bitcoin miners at Soluna’s wind-powered Project Dorothy site in Briscoe County, Texas.
Bitcoin’s brute computational engine is flexing harder than ever, as the network packed on a staggering 111 exahash per second (EH/s) in just eight days—catapulting the hashrate to a jaw-dropping 1,107 EH/s. Whatever’s powering this beast, it’s pushing the network into uncharted territory.
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