In the Spotlight
Bitmine Accelerates ETH Buys, Treasury Hits 4.6M Coins
TLDR Bitmine increased its Ethereum purchases and lifted its treasury to 4.596 million ETH. The company bought 5,000 ETH directly from the Ethereum Foundation through an over-the-counter deal. Tom Lee said Bitmine added 60,999 ETH [...]
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Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, [...]
