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Mining

Explore the latest coverage from Coinwy's Mining desk.

Bitcoin Miners Face Margin Squeeze as Revenue Drops Below Production Costs Thumbnail

Bitcoin Miners Face Margin Squeeze as Revenue Drops Below Production Costs

Bitcoin miners are grappling with a deepening margin squeeze as revenue from block rewards and transaction fees has fallen below the all-in cost of producing each coin, putting smaller operators under acute financial stress.

By Thiago Alvarez3 min readJun 24, 2026Mining
Texas power grid framework could lift bitcoin miners Thumbnail

Texas power grid framework could lift bitcoin miners

ERCOT's new large-load framework could favor bitcoin miners shifting into data centers, but queue access and power limits still cap upside.

By Thiago Alvarez3 min readJun 18, 2026Mining
Bitcoin Miner Iren Raises $3B in Convertible Note Sale

Bitcoin Miner Iren Raises $3B in Convertible Note Sale

Iren closed a $3 billion convertible note sale after upsizing the deal, with about $2.96 billion in net proceeds for capped calls, working capital, and corporate use.

By Thiago Alvarez4 min readMay 17, 2026Mining
Bitcoin Miner MARA Reports $1.26 Billion Q1 Loss, Sells $1.5 Billion in BTC

Bitcoin Miner MARA Reports $1.26 Billion Q1 Loss, Sells $1.5 Billion in BTC

Bitcoin miner MARA posted a $1.26 billion Q1 loss and sold $1.5 billion in BTC. Here’s the key earnings news, what drove the headline, and why it matters.

By Thiago Alvarez2 min readMay 12, 2026Mining
CleanSpark Q2 Loss Widens After $224M Bitcoin Hit

CleanSpark Q2 Loss Widens After $224M Bitcoin Hit

CleanSpark posted a wider Q2 loss after a reported $224 million hit on Bitcoin holdings. Here is what the filing, earnings materials, and mining context show.

By Thiago Alvarez3 min readMay 11, 2026Mining
Seven Major Bitcoin Mining Pools Join Stratum V2 Working Group

Seven Major Bitcoin Mining Pools Join Stratum V2 Working Group

Seven major Bitcoin mining pools have joined the Stratum V2 Working Group, signaling broader industry coordination around mining efficiency, security, and protocol development.

By Thiago Alvarez4 min readMay 10, 2026Mining
Hut 8 Replaces Coinbase Loan With FalconX Deal to Cut Borrowing Costs

Hut 8 Replaces Coinbase Loan With FalconX Deal to Cut Borrowing Costs

Hut 8 replaced its Coinbase loan with a FalconX deal to lower borrowing costs, putting fresh focus on the company's financing strategy.

By Thiago Alvarez3 min readMay 4, 2026Mining
Tether Takes 8.2% Stake in Antalpha to Back Bitcoin Mining Finance

Tether Takes 8.2% Stake in Antalpha to Back Bitcoin Mining Finance

Tether has taken an 8.2% stake in Antalpha, putting fresh focus on Bitcoin mining finance, Antalpha's role, and what the move could mean for the mining sector.

By Thiago Alvarez3 min readApr 20, 2026Mining
Bitcoin Mining Difficulty Falls Slightly in Latest Adjustment

Bitcoin Mining Difficulty Falls Slightly in Latest Adjustment

Bitcoin mining difficulty edged lower in the latest adjustment, offering miners brief relief. Here’s what changed, why it matters, and what it signals for the network.

By Thiago Alvarez4 min readApr 18, 2026Mining
Bitcoin Mining Companies Sold More BTC in Q1 2026 Than 2025

Bitcoin Mining Companies Sold More BTC in Q1 2026 Than 2025

Major Bitcoin mining companies sold more BTC in Q1 2026 than in all of 2025, highlighting treasury pressure, margin stress, and a strategy shift.

By Thiago Alvarez3 min readApr 16, 2026Mining
Bitcoin Miners Face a Tougher Road to the 2028 Halving

Bitcoin Miners Face a Tougher Road to the 2028 Halving

Bitcoin miners may enter the 2028 halving under heavier pressure from lower rewards, tighter margins, and fiercer competition. Here is the focused outlook.

By Thiago Alvarez5 min readApr 12, 2026Mining
Riot Platforms Wallet Moves $34M in Bitcoin as Miners Keep Selling

Riot Platforms Wallet Moves $34M in Bitcoin as Miners Keep Selling

Riot Platforms moved $34 million in Bitcoin as listed miners continue selling holdings. This outline focuses on the wallet transfer, miner treasury pressure, and market implications.

By Thiago Alvarez3 min readApr 2, 2026Mining
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