Will Bitcoin's halving provide a long-term boost to miners?

Castle Rock, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its first quarter 2024 earnings conference call for Wednesday, May 1, 2024, at 8:30 A.M. EST. During the call, Riot will discuss the results for the quarter ended March 31, 2024. This conference call will be available through the audio webcast, please use this link here to regis

The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.

Investors are anticipating the bitcoin (BTC-USD) halving event in the near future, as soon as this weekend. The price of bitcoin has retreated from its recent highs and is currently trading above $64,000 as of Friday. During this event, the reward for mining new bitcoin blocks is cut in half, slowing down the rate at which new bitcoins are introduced into circulation. Yahoo Finance's Julie Hyman and Madison Mills break down the details, providing insights into the implications for bitcoin miners...

After trending lower recently, the S&P 500 index has been sideways for year-to-date. The recent market correction has been driven by potential rate-cut delays and escalated geopolitical tensions. This correction as a good buying opportunity. Undoubtedly, the first stocks to consider are undervalued blue chips, followed by high-quality growth stocks. At the same time, look at stocks under $20 that have a high beta and can deliver quick returns when the market sentiment changes. My personal view i

Bitcoin's (BTC-USD) halving event is expected to occur over this weekend, either Friday, April 19 or Saturday, April 20. The halving event operates to reduce the number of available bitcoins in circulation once every four years, ultimately controlling inflation within the cryptocurrency. CoinFund Co-Founder and CIO Alex Felix and BitGo Managing Director and Head of the Go Network Matt Ballensweig join Market Domination to discuss bitcoin's long-term price trajectory. Ballensweig considers the ha...

Leading Bitcoin (NASDAQ:BTC-USD) miners are working hard to boost output and efficiency in the run-up to the 2024 Bitcoin halving. Slated for some time between April 19 and 20, the block reward will fall from 6.25 to 3.125. The Bitcoin halving occurs every four years, ensuring deflation. Bitcoin investors monitor the event because it frequently raises the cryptocurrency’s price, which currently needs a boost after falling 8% below $62,000 due to global fears. Consequently, by mid-2024, our first

Riot Announces Energization of Its New Corsicana Facility, With Miners Now HashingCASTLE ROCK, Colo., April 18, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has successfully energized the substation at the Company’s Corsicana Facility. “Two years ago, we purchased 265 acres of land in Navarro County, Texas, driven by our vision to build the world's largest Bitcoi

Should crypto investors buy this beaten-down stock?

Keep an eye on Bitcoin mining stocks, especially with the halving on April 20. Granted, the halving event will halve the Bitcoin (BTC-USD) miners can earn from validating transactions. However, as we’ve seen before and after the halving events in 2012, 2016 and 2020, not only did the price of Bitcoin take off, but in most cases, so did the miners. Even better, CEOs are upbeat ahead of the 2024 halving, according to Bernstein analysts. The “CEOs point to miner dollar revenues at all-time highs, p