Crypto Currency

Cipher Mining mines 176 Bitcoin in June, holds over 2,200 BTC

Key Takeaways Cipher Mining mined 176 Bitcoin last month. Cipher Mining’s total Bitcoin holdings reached 6,154 BTC by June end. Share this article URL Copied

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Cipher Mining mines 176 Bitcoin in June, holds over 2,200 BTC

Key Takeaways

  • Cipher Mining mined 176 Bitcoin last month.
  • Cipher Mining’s total Bitcoin holdings reached 6,154 BTC by June end.

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Cipher Mining, a prominent Bitcoin mining firm backed by BlackRock, has revealed its June Bitcoin mining update. According to a press release published Tuesday, the company mined 176 Bitcoin (BTC) last month, bringing its total holdings to 2,209 BTC as of June 30.

Cipher Mining also reported that 75,000 mining rigs are currently operational, and the operating hash rate reached 8.6 EH/s by the end of June.

Cipher Mining said June was a “solid month of production.” The firm activated an additional 30MW at each of its Bear and Chief data centers.

“At Bear we have now received and installed all the new mining rigs, and we expect to finish installing the remainder of the new mining rigs at Chief later this month,” Tyler Page, CEO of Cipher, commented on the expansion efforts.

Earlier today, CleanSpark, another prominent Bitcoin mining company, reported mining 445 BTC in June. Throughout 2024, the company has mined a total of 3,614 BTC. As of June 30, CleanSpark held 6,591 BTC.

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Crypto Currency

The Architecture of Money: Mapping Financial Power in the Age of Bitcoin

Bitcoin Magazine The Architecture of Money: Mapping Financial Power in the Age of Bitcoin Carlijn Kingma, Thomas Bollen, and Martijn Jeroen van der Linden on The Waterworks of Money, the hidden structures of finance, and bitcoin’s place in Europe’s monetary future. This post The Architecture of Money: Mapping Financial Power in the Age of Bitcoin

Published 3 hours ago in

Bitcoin Magazine

The Architecture of Money: Mapping Financial Power in the Age of Bitcoin
Carlijn Kingma, Thomas Bollen, and Martijn Jeroen van der Linden on The Waterworks of Money, the hidden structures of finance, and bitcoin’s place in Europe’s monetary future.
This post The Architecture of Money: Mapping Financial Power in the Age of Bitcoin first appeared on Bitcoin Magazine and is written by Dennis Koch…
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Crypto Currency

Wall Street’s Bitcoin bears quietly retreated despite recent plunge toward $80,000

CFTC data for Oct. 13 show rising spread legs lifted gross longs despite fewer outright longs, without establishing spot buying. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…

Published 3 hours ago in
Wall Street’s Bitcoin bears quietly retreated despite recent plunge toward $80,000

CFTC data for Oct. 13 show rising spread legs lifted gross longs despite fewer outright longs, without establishing spot buying.
Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…
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Crypto Currency

Bitcoin Price Outlook: Strive’s BTC Accumulation Could Accelerate Momentum

Strive purchased 4,045 BTC worth approximately $335 million last week, bringing its two-month accumulation to 15,462 BTC valued at $1.27 billion. With Bitcoin trading near $81,000, traders are watching $80,400 support and $82,500 resistance, while a breakdown could expose the $78,500 level…

Published 3 hours ago in
Bitcoin Price Outlook: Strive’s BTC Accumulation Could Accelerate Momentum

Strive purchased 4,045 BTC worth approximately $335 million last week, bringing its two-month accumulation to 15,462 BTC valued at $1.27 billion. With Bitcoin trading near $81,000, traders are watching $80,400 support and $82,500 resistance, while a breakdown could expose the $78,500 level…
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Crypto Currency

Strategy buys another $22 million of Bitcoin, increases planned share buybacks

Strategy bought the Bitcoin dip—again. The digital asset treasury giant disclosed Monday that it added more than $22 million worth of the cryptocurrency last week, as prices swung between roughly $80,000 and $84,000. Recommended Video The latest purchase added 267 Bitcoin to Strategy’s total holdings, which are currently worth around $64 billion. The company also

Published 3 hours ago in
Strategy buys another $22 million of Bitcoin, increases planned share buybacks

Strategy bought the Bitcoin dip—again. The digital asset treasury giant disclosed Monday that it added more than $22 million worth of the cryptocurrency last week, as prices swung between roughly $80,000 and $84,000.

The latest purchase added 267 Bitcoin to Strategy’s total holdings, which are currently worth around $64 billion. The company also spent roughly $193 million buying back shares of STRC, one of its preferred stocks, which pays investors regular dividends. Its board also approved an additional $1 billion for preferred-share buybacks, bringing the total authorization to $3 billion.

Strategy’s latest acquisition comes a week after its previous purchase of $21 million worth of Bitcoin. Since August, the company has bought Bitcoin on six separate occasions, renewing its aggressive buying streak.

Its latest purchase comes amid sharp swings in Bitcoin’s price that briefly threatened to erase its gains over the past two months. In August, the cryptocurrency snapped its losing streak, climbing from roughly $63,000 to $77,000. By late September, it had topped $80,000 for the first time since May and reached a peak of about $86,000.

But over the past week, a series of tensions have fueled swings in Bitcoin’s price. Oil prices jumped Friday as attacks on shipping in the Strait of Hormuz raised fears of supply disruptions, adding to inflation concerns. Prices fell Monday after President Donald Trump waived some Russia-related sanctions and tariffs, raising hopes that more fuel would reach global markets.

Technology stocks also sold off as investors questioned whether the AI boom could last. The Nasdaq fell more than 2% Friday, but regained most of those losses by Monday morning.

But Strategy’s latest purchase shows the company is continuing to build its holdings despite the market’s swings, in line with executive chairman Michael Saylor’s long-standing preference for holding Bitcoin. “You do not sell your Bitcoin,” he said last October.

Strategy briefly departed from that stance earlier this year, however, selling Bitcoin on four separate occasions during a bear market that pushed the cryptocurrency’s price as low as $58,000 in June.

Fortune Daily breaks the traditional barrier between audience and

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