Bitcoin Mining

The gold rally may need to cool before bitcoin could really gain momentum, suggested another analyst.

Rising bitcoin prices, improved efficiency, and heavy investment in high-performance computing fueled a strong second quarter for miners, the bank...

The bitcoin miner produced 629 bitcoin in September, and sold 445 tokens for about $49 million.

The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.

The average network hashrate rose 9% to an average of 1,031 EH/s last month, according to the bank.

The broker maintained its buy rating on the stock and raised its price objective to $16 from $12.

Alongside, JPMorgan downgraded IREN and CleanSpark

The broker hiked its IREN price target to $75 from $20 while reiterating its outperform rating on the stock.

The credit facility allows CleanSpark to leverage its bitcoin holdings to fund expansion without selling the asset.

U.S.-listed mining companies accounted for 26% of the Bitcoin network last month, unchanged from July, the report said.