Latest news with #Blockware
Yahoo
04-06-2025
- Business
- Yahoo
You can get Bitcoin at a discount. Here is how.
You can get Bitcoin at a discount. Here is how. originally appeared on TheStreet. Bitcoin mining remains fiercely competitive and often out of reach for most investors. In an interview with TheStreet Roundtable during the Bitcoin 2025 conference, Mitchell Askew, head of Blockware Intelligence, explained that attempting to mine from home quickly becomes impractical. 'If you want to mine Bitcoin at your house, your electricity rate is going to be too expensive to do it profitably,' Askew noted that home rigs are 'like running a vacuum cleaner 24-7. It's loud, it's hot, it's dusty, and it's not going to be profitable at your house.' Beyond power costs, he pointed out, most investors lack the technical know-how to configure networks, join mining pools and cope with excessive heat and noise. To meet growing demand from investors seeking direct mining exposure, Blockware operates eight data centers across seven states, securing industrial power rates that drastically lower operating expenses. Askew explains, 'Every day you're producing Bitcoin at a discount to the market price—if you're mining at a block or site with the latest and greatest Bitcoin miner, your break-even cost is around $60,000 per Bitcoin.' Clients purchase ASIC miners and ship them directly to Blockware's facilities. 'They can run it at one of our facilities and get access to industrial power rates, allowing them to mine profitably and without doing any of the setup themselves,' he said. With these industrial power rates, investors gain daily Bitcoin-denominated cash flows without the hassles of home-based mining. He also highlighted the tax advantages of acquiring mining equipment. 'When you purchase ASIC miners, you can depreciate them within each tax year, offsetting a lot of your capital gains at tax,' Askew explained. This depreciation benefit makes mining more appealing than simply buying spot Bitcoin, since investors can reduce taxable income while generating new coins. Central to Blockware's offering is the on-chain Blockware Marketplace, which provides real-time analytics on hash rates, energy consumption and profitability. Investors can review performance metrics before committing capital and pay in Bitcoin or fiat. Askew noted that the platform will soon support purchases of high-performance computing servers alongside mining rigs. By combining specialized infrastructure, transparent analytics and tax efficiencies, Blockware's hosted solution addresses the steep entry barriers that have long deterred investors from direct Bitcoin mining. With capacity filling fast and institutional interest on the rise, investors have a clear alternative to DIY mining or spot-only exposure. You can get Bitcoin at a discount. Here is how. first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared.
Yahoo
04-06-2025
- Business
- Yahoo
You can get Bitcoin at a discount. Here is how.
You can get Bitcoin at a discount. Here is how. originally appeared on TheStreet. Bitcoin mining remains fiercely competitive and often out of reach for most investors. In an interview with TheStreet Roundtable during the Bitcoin 2025 conference, Mitchell Askew, head of Blockware Intelligence, explained that attempting to mine from home quickly becomes impractical. 'If you want to mine Bitcoin at your house, your electricity rate is going to be too expensive to do it profitably,' Askew noted that home rigs are 'like running a vacuum cleaner 24-7. It's loud, it's hot, it's dusty, and it's not going to be profitable at your house.' Beyond power costs, he pointed out, most investors lack the technical know-how to configure networks, join mining pools and cope with excessive heat and noise. To meet growing demand from investors seeking direct mining exposure, Blockware operates eight data centers across seven states, securing industrial power rates that drastically lower operating expenses. Askew explains, 'Every day you're producing Bitcoin at a discount to the market price—if you're mining at a block or site with the latest and greatest Bitcoin miner, your break-even cost is around $60,000 per Bitcoin.' Clients purchase ASIC miners and ship them directly to Blockware's facilities. 'They can run it at one of our facilities and get access to industrial power rates, allowing them to mine profitably and without doing any of the setup themselves,' he said. With these industrial power rates, investors gain daily Bitcoin-denominated cash flows without the hassles of home-based mining. He also highlighted the tax advantages of acquiring mining equipment. 'When you purchase ASIC miners, you can depreciate them within each tax year, offsetting a lot of your capital gains at tax,' Askew explained. This depreciation benefit makes mining more appealing than simply buying spot Bitcoin, since investors can reduce taxable income while generating new coins. Central to Blockware's offering is the on-chain Blockware Marketplace, which provides real-time analytics on hash rates, energy consumption and profitability. Investors can review performance metrics before committing capital and pay in Bitcoin or fiat. Askew noted that the platform will soon support purchases of high-performance computing servers alongside mining rigs. By combining specialized infrastructure, transparent analytics and tax efficiencies, Blockware's hosted solution addresses the steep entry barriers that have long deterred investors from direct Bitcoin mining. With capacity filling fast and institutional interest on the rise, investors have a clear alternative to DIY mining or spot-only exposure. You can get Bitcoin at a discount. Here is how. first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
Bitcoin Eyes $100,000 as Institutional and Spot Demand Bring Bulls Back in Action
Increased spot demand and ETF inflows are driving Bitcoin's upward momentum and liquidity surge. Reduced Bitcoin supply on exchanges is pushing prices higher, signaling growing institutional interest. Bitcoin's technical breakout suggests strong bullish momentum, with $100,000 as a key resistance level. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. Bitcoin (BTC) is testing the $97,000 level after a strong rebound from early April declines. Some indicators suggest that this move is more than just a technical bounce; it could signal the beginning of a solid uptrend. As we move into the second quarter of 2025, Bitcoin's spot demand is clearly increasing. Fund inflows into major ETFs like the iShares Bitcoin Trust ETF (NASDAQ:IBIT) are a key factor. Last week, IBIT saw $1.5 billion in new funds. This growing institutional interest is boosting liquidity while pulling supply out of the market, which could pressure prices downward. Unlike the rallies of 2021 and 2023, this surge in spot demand is supported by a more stable, less leveraged market. The focus is now more on direct buying than on derivatives. At the same time, the amount of Bitcoin on exchanges has fallen to a five-year low. By the end of April, large investors had accumulated over $4 billion worth of BTC, while long-term investors added 150,000 BTC to their holdings. This reduction in supply is driving prices higher. On the Bitcoin mining front, an important indicator has caught attention. According to Blockware, the average production costs for miners are now close to the current BTC price. Historical data suggests that when this happens, it often signals the start of a bull rally following market bottoms. Bitcoin's long-term price outlook closely follows global liquidity cycles. As 2025 begins, declining risk appetite due to Trump's trade policies led to selling pressure in the first quarter. However, the tendency of the US and other major central banks to return to loose monetary policies is helping direct capital into alternative investments, such as crypto assets. Meanwhile, the presence of ETFs is allowing this new capital to impact the BTC price much more quickly than before. In the derivatives markets, there is also significant interest in $100,000 call options. According to data from Coinglass and Deribit, the highest open interest is at this level, indicating that $100,000 is both a strong psychological resistance and a price point investors expect to surpass. These positive developments for Bitcoin also align with the technical outlook. Last week, the cryptocurrency saw a critical breakout, moving away from support levels with strong momentum. This week, Bitcoin broke an important resistance level in the $93,000–95,000 range. The next resistance point is around $99,500 (Fib 0.786), just below the $100,000 mark. Breaking the resistance at Fib 0.618, where Bitcoin has been flat since April 23, signals strong positive momentum. A similar pattern occurred in mid-April when the cryptocurrency broke resistance in the $83,000–85,000 range. If the momentum continues, it could enter the $100,000 range and push towards $106,000. This move could trigger the search for new highs. Additionally, the upward shift in short-term moving averages since mid-April is a bullish signal in this scenario. While technical and fundamental indicators are currently positive for Bitcoin, support levels will be crucial if the market experiences a profit-taking pullback. On the daily chart, the $94,200–94,500 zone is likely to act as the first support in a potential backtest. If this support level is breached, the price may fall further to the $90,500–91,000 area. Looking at the broader picture, Bitcoin ended its downtrend by breaking through $83,000. Then, with a move to $87,000, it signaled the end of the short-term consolidation phase. These two moves strongly indicated a trend reversal. While the current uptrend remains intact, it is likely to maintain its upward momentum as long as it stays above $95,000 and is supported by positive developments. In the near future, $100,000 is expected to act as a key psychological resistance level. **** Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk belongs to the investor. We also do not provide any investment advisory services. Related articles Bitcoin Eyes $100,000 as Institutional and Spot Demand Bring Bulls Back in Action 3 Altcoins Gearing Up for a Major Bull Run After Clearing Key Resistance Zones Bitcoin Nears $95K With $700M in Shorts at Risk—All Eyes on Weekly Close Sign in to access your portfolio
Business Wire
22-04-2025
- Business
- Business Wire
Soluna Signs Deal with Blockware at Project Dorothy 2, Expanding Bitcoin Hosting Business
BUSINESS WIRE)--Soluna Holdings, Inc. ('Soluna' or the 'Company'), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced today that it has signed a two-year hosting agreement with Blockware, one of North America's leading crypto mining infrastructure and services providers. Under the terms of the agreement, Blockware will deploy approximately 1,500 of its next-generation S21+ mining units at Soluna's Project Dorothy 2 data center in Texas. The deployment, targeting an initial deployment of 5 megawatts (MW), began on April 21, 2025, with operations expected to fully ramp up by June 1, 2025. Blockware anticipates deploying 250 PH/s to 350 PH/s at the site. 'We're thrilled to welcome Blockware to Project Dorothy 2,' said John Belizaire, CEO of Soluna Holdings. 'This new partnership underscores the value of our renewable-powered data centers for Bitcoin mining. It also strengthens our pipeline of stable, high-quality customers who align with our vision for renewable computing.' At Project Dorothy 2, Soluna offers Blockware a competitively priced, sustainable hosting environment uniquely suited to dynamic power markets. As part of the agreement, Soluna will provide full-stack infrastructure support, maintenance, and data center operations, including power management, internet connectivity, and on-site security. 'This partnership with Soluna advances Blockware's mission to bring more hashrate to the United States' said Mason Jappa, CEO of Blockware. 'Bitcoin mining is one of the most important industries of the 21st century, and we are committed to partnering with the best operators in the industry to deliver world-class hosting solutions and access to low-cost power.' Blockware's deployment at Project Dorothy 2 represents another milestone in Soluna's commitment to building out renewable-powered infrastructure for energy-intensive computing workloads. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident,' and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ('SEC'), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the SEC. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law. About Soluna Holdings, Inc (Nasdaq: SLNH) Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna's pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna's proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit and follow us on: Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly. About Blockware Blockware is a leading Bitcoin mining infrastructure and services provider, evolving from a mining hardware brokerage to a comprehensive Mining-as-a-Service platform. With billions in hardware transactions and a trusted mining community, Blockware offers U.S.-based infrastructure that delivers premier hosting solutions, liquidity, and operational tools to optimize transparency, efficiency, and profitability. Their innovative Bitcoin-native Marketplace is transforming the way miners buy and sell hardware, hashrate, and energy contracts, providing just-in-time liquidity and driving the future of decentralized, transparent, and efficient mining.
