December 2, 2025

IREN Plans $2B Convertible Issuance, Adds Equity Sale as Bitcoin Miners Deleverage

IREN plans to raise $2.3 billion through new convertible bonds and a concurrent equity sale, aiming to reduce portions of its outstanding debts as bitcoin’s hashprice hovers near all-time lows.

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December 1, 2025

Miner Weekly: Bitcoin Mining’s Toughest Margin Crunch

Bitcoin mining has entered the harshest margin environment of all time with hashprice slipping to $35/PH/s. At this level, profitability stress is no longer theoretical; it’s systemic.

November 28, 2025

Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine

Greenidge Generation's power facility and bitcoin mine in Dresden, New York, has been taken fully offline after an electrical switchgear malfunction caused a fire.

November 26, 2025

CleanSpark Unwinds Coinbase Credit Line as Bitcoin Hashprice Hits All-Time Low

CleanSpark has repaid its bitcoin-backed line of credit with Coinbase in full, reflecting a more cautious liquidity stance amid bitcoin's all-time low hashprices.

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Network Data

Bitcoin Price

87,528.08$

1.44% (24h)

Last Updated: Tue Dec 02 2025

Network Hashrate

1,088,456,600 TH/s

Fees in Blocks (24h): 1.2384073 BTC

Est. Difficulty Adjustment: 0.17009225%

Network Difficulty

149,301,205,959,699

Last Updated: Tue Dec 02 2025