Gas on the Ethereum network falls to its lowest level since 2020, and Bitcoin miner revenue hits a record low. According to data from The Block, the Ethereum network's Gas fell to the lowest level since 2020 this Saturday. Gas prices have led to Ethereum's consumption rate dropping to the lowest level in 12 months. According to data from ultrasound.money, due to the low consumption rate, Ethereum is currently experiencing slight inflation, with a seven-day average supply growth rate of 0.56% per year. In addition, after the Bitcoin block reward halving event, the income of Bitcoin miners in TH/s (7-day moving average) has reached a historic low in the past two months. In addition to the halving, another possible reason for the decrease in miner income is the low number of new wallets entering the Bitcoin ecosystem, currently at the lowest level since 2018 (7-day moving average).

coin: Marathon Digital has unveiled ambitious plans to strengthen its operations by 2024, revising its hashrate rise forecast from about 46% to about 50 EH/s. This adjustment is due to the anticipated fourth Block Reward Halving of the Bitcoin network. Chairman and chief executive officer Fred Thiel said confidence comes from the company's strong Liquidity and advanced mining technology. Despite market challenges, Marathon set the Benchmark to achieve operational efficiency of 21 J/TH and maintain financial stability while scaling up. Bernstein analysts noted that mining stocks such as Marathon performed well due to strong financial results and investor confidence. Bitcoin Mining Difficulty has reached unprecedented levels, resulting in hashrate remaining stable, partly due to higher transaction fee income.

Bitcoin network has not generated any blocks in nearly 1 hour, with the current block height at 837568 and the network difficulty at 83.13 TH, according to Blockexplorer data.

Bitcoin mining company Digihost has announced its latest operations in March, holding about $6.2 million in cash, bitcoin and cash deposits as of March 31, 2024, an increase of about 60% from $3.9 million in the previous month, as a result of the signing of a multi-year hosting agreement with one of the manufacturers of digital currency mining servers on March 5. Under the executed agreement, Digihost received an upfront payment and 4,640 units of S19 XP (21.5W/TH), equivalent to approximately 14MW of colocation capacity. （Globenewswire）

Odaily Planet Daily News F2Pool posted on the X platform that as Bitcoin continues to hit new highs, the average daily mining revenue of Bitcoin has reached $0.12 per 1 TH/s, which is almost double a year ago.

PANews reported on February 28 that Canaan Technology (NASDAQ: CAN) announced its unaudited financial results for the fourth quarter and full year of 2023. According to the financial report, Canaan's total revenue in the fourth quarter was US$49.1 million, an increase of 47% from the third quarter of 2023, and the total sales Computing Power in the quarter was 5.5 million TH/s, an increase of 191.9% from the fourth quarter of 2022 and 45.7% from the third quarter of 2023. Key financial data for the fourth quarter of 2023: total sales Computing Power of 5.5 million TH/s, up 45.7% from 3.8 million TH/s in the third quarter of 2023 and 191.9% year-on-year from 1.9 million TH/s in the same period of 2022; revenue of $49.1 million, up 47% from $33.3 million in the third quarter of 2023. Mining revenue: $3.7 million, up 13.6% from $3.264 million in the third quarter of 2023. Key financial data for the full year of 2023: total sales of Computing Power of 19.6 million TH/s, an increase of 29.6% from 15.1 million TH/s in 2022; revenue of $211.5 million, down from $651.5 million in 2022; Mining revenue of $34 million, up from $32.5 million in 2022.

1. The current Ethereum L2 TVL reached $16.7 billion, an increase of 3.58% in 7 days; 2. Recently, SIM card swapping attacks have surged, and the X accounts of founders such as Manifold Trading and Rug Radio have been stolen one after another; 3. The un Close Position position of CME Bitcoin contracts exceeded 120,000 BTC, equivalent to about US$5.33 billion; 4. BakerySwap: The second phase of the Launchpad project will only support participation using BAKE and 1CAT; 5. OP broke through 2.7 USDT, up 19.57% in 24H; 6. Blast TVL exceeded $950 million; 7. TH short-term broke through 2,300 USDT and then fell, up 3.55% in 24H; 8. SILLY fell below 0.06 USDT, and the 24H gain narrowed to 45.7%; 9. Arthur Hayes: USDE will surpass USDT to become the largest USD Stable Coin; 10. Hong Kong Securities and Futures Commission: Ready to accept applications for virtual asset spot ETFs.

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Auradine, a platform for network infrastructure solutions such as artificial intelligence and security, announced the launch of the new generation of Teraflux Bitcoin miners AT2880 and AI3680. The AT2880 air-cooled miner is capable of achieving an output from 0 to 260 TH/s with an optimal efficiency of 16 J/TH. The AI3680 immersion-cooled miner is capable of achieving outputs from 0 to 375 TH/s with an optimal efficiency of 15 J/TH. The miners are the fastest and most efficient bitcoin mining systems in the world, and they also offer advanced uptime and demand response features to help miners reduce costs and work effectively with energy providers, according to the press release.