Solo bitcoin miner turns $75 of rented hashrate into a $200,000 block reward

Solo bitcoin miner turns $75 of rented hashrate into a $200,000 block reward

• Solo bitcoin miner turns $75 of rented hashrate into a $200,000 block reward The miner rented 1 petahash per second through on-demand cloud mining and got lucky on block 938,092,

Bitcoin miner Hive reports record revenue as hashrate expands despite $91 million net loss tied to accelerated depreciation

• The company’s loss was driven by accelerated depreciation related to its Paraguay expansion and non-cash revaluation adjustments.