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Scientists Create Water-Harvesting Technology That Uses Kitchen Scraps and Seashells – Decrypt

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Scientists Create Water-Harvesting Technology That Uses Kitchen Scraps and Seashells – Decrypt


Researchers at the University of Texas at Austin have figured out how to turn everyday throwaways into a technology that pulls clean water straight from the atmosphere.

The team used different organic materials to develop “molecularly functionalized biomass hydrogels” that extract drinkable water from air using only mild heat, producing nearly four gallons daily per kilogram of material—about three times more than typical water-harvesting technologies.

“This opens up an entirely new way to think about sustainable water collection, marking a big step towards practical water harvesting systems for households and small community scale,” said Professor Guihua Yu, who led the research team.

The research is relevant today, considering nearly 4.4 billion people have restricted access to safe drinking water, according to recent studies. That’s nearly 50% of the entire human population.

Extracting water out of air is not really new, but what sets this approach apart is its use of natural materials that would otherwise end up in landfills—making it safer and more environmentally friendly too. The researchers successfully converted cellulose (found in plants), starch (from foods like corn and potatoes), and chitosan (from seashells) into high-performance water harvesters.

“At the end of the day, clean water access should be simple, sustainable, and scalable,” said Weixin Guan, another researcher involved in the study. “This material gives us a way to tap into nature’s most abundant resources and make water from air—anytime, anywhere.”

The technology works through a two-step process. First, researchers attach thermoresponsive groups to make the materials sensitive to temperature changes. Then, they add special molecules called “zwitterionic groups” to boost the biomass’ water absorption capacity.

The result is a hydrogel that works somewhat like the silica gel packets found in a normal dehumidifier, but with dramatically better performance and safer composition, using natural materials instead of synthetics.

During field tests, the system demonstrated to be successful—a single kilogram of material produced up to 14.19 liters of water daily. The team says similar technologies typically generate between 1 and 5 liters per kilogram each day.

Unlike conventional water harvesting systems that often rely on energy-hungry refrigeration to condense atmospheric moisture, these hydrogels need only mild heating to 60°C (140°F) to release their captured water—a temperature achievable with simple solar heating or waste heat from other processes.

This minimal energy requirement makes the technology particularly promising for off-grid communities and emergency situations where power might be unavailable.

Professor Yu’s team has been developing water-generating technologies for years, including systems adapted for extremely dry conditions and injectable water filtration systems. They’re now working on scaling production and designing practical devices for commercialization, including portable water harvesters, self-sustaining irrigation systems, and emergency drinking water devices.

Edited by Andrew Hayward

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Supermicro Expands US Manufacturing Capacity and Development of Industry-Leading Total IT Solutions with Third Campus in Silicon Valley | Web3Wire

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Supermicro Expands US Manufacturing Capacity and Development of Industry-Leading Total IT Solutions with Third Campus in Silicon Valley | Web3Wire


Supermicro Drives Innovation, Job Creation, and Economic Growth in San Jose‘s Thriving Tech Market

SAN JOSE, Calif., Feb. 28, 2025 /PRNewswire/ — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is pushing forward with a major expansion, announcing plans for a third campus in Silicon Valley. The first building will be over 300,000 square feet, yet the third campus is expected to be nearly 3 million square feet when completed.  With the mayor’s support, this expansion strengthens Supermicro’s position as an industry leader, accelerating liquid-cooled and Data Center Building Block Solutions® for data centers and customers while creating new jobs and opportunities for local talent. Supermicro is the leading IT manufacturer headquartered in the USA.

“We are thrilled to grow our footprint in Silicon Valley,” said Charles Liang, president and CEO of Supermicro. “As AI factories become more prevalent, liquid-cooled data centers are critical to meet these increasing customer demands. We anticipate that up to 30% of new data centers will adopt liquid cooling solutions. Today, Supermicro can deliver 5,000 air-cooled or 2,000 liquid-cooled racks per month to support substantial orders. This expansion is a major step forward in our vision for innovation, investment in workforce, quality, Time-to-Deployment (TTD), Time-to-Online (TTO) service, and technological advancement.”

Learn more about Supermicro’s Building Block liquid cooling solutions here.

“We’re proud to be home to Supermicro, one of the fastest growing and most innovative companies powering the AI revolution with nearly 3,000 local employees and growing,” said San Jose Mayor Matt Mahan. “With this planned expansion, Supermicro is helping San Jose redefine what ‘Made in America’ looks like and creating high paying new jobs to fuel our economy.”

The new development is expected to generate hundreds of new jobs across multiple sectors, including engineering, production, and corporate roles. Supermicro is developing building block liquid-cooled solutions for AI factories and the HPC market, that will help data centers run more efficiently by reducing carbon footprint and saving on operational cost through lower electricity usage over time.  

“PG&E is excited to support Supermicro’s continued expansion in Silicon Valley,” said Teresa Alvarado, vice president for PG&E’s South Bay and Central Coast Region. “Through our ongoing investments in infrastructure and clean energy, PG&E is poised to provide reliable and sustainable power to meet the growing needs of the tech sector.”

Supermicro continues to work closely with data center operators to match the right server technology to the demanding workloads. With its strong commitment to advancing technology, empowering talent, and driving long-term economic growth, construction at the new site is set to begin in 2025.

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

Photo – https://mma.prnewswire.com/media/2630859/Supermicro_San_Jose_Expansion.jpg

Logo – https://web3wire.org/wp-content/uploads/2025/03/Supermicro_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/supermicro-expands-us-manufacturing-capacity-and-development-of-industry-leading-total-it-solutions-with-third-campus-in-silicon-valley-302389009.html



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Coinbase-backed Base unveils upgrades aiming for double Solana’s speed

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Coinbase-backed Base unveils upgrades aiming for double Solana’s speed


Ethereum Layer 2 network, Coinbase-backed Base, has introduced three key innovations to improve blockchain scalability and usability.

According to a Feb. 27 blog post, these tools—Flashblocks, Smart Wallet Sub Accounts, and Base Appchains—seek to simplify blockchain development while enhancing transaction efficiency.

Base explained that these tools highlight its focus on expanding the on-chain economy through faster transactions, customized infrastructure, and improved wallet functionality.

It stated:

“We’re introducing three new building blocks to empower everyone to build onchain: Flashblocks to make Base faster, Base Appchains to help Base scale, and Smart Wallet Sub Accounts to make Base simpler to use.”

These updates reinforce Base’s position as the leading Ethereum Layer 2 network. Data from GrowThePie shows that it handles 4.61 million weekly active addresses, which accounts for over 50% of Layer 2 activity.

Flashblocks

According to the post, Base is testing Flashblocks, a new technology designed to cut transaction processing time from two seconds to 200 milliseconds.

Developed by Flashbots, this innovation could make Base ten times faster, potentially establishing it as the most efficient Ethereum Virtual Machine (EVM) chain.

Flashblocks leverages preconfirmation blocks that refresh every 200 milliseconds, enabling rapid transaction finality. Base added:

“This architecture draws inspiration from innovations in block propagation and execution — such as Solana’s shreds and Celestia’s data squares — while introducing novel optimizations for the rollup context.”

Jesse Pollak, Base’s lead developer, emphasized its performance potential, noting that the platform could operate twice as fast as Solana, significantly improving both developer and user experience.

The technology is currently being tested on Base’s Sepolia testnet. A mainnet launch is planned for Q2 2024.

Base Appchains

Base is rolling out Base Appchains, a Layer 3 (L3) scaling solution built on the OP Stack.

This tool is designed to support applications requiring high transaction throughput. Base stated that Appchains offer developers a more flexible environment by enabling configurable gas tokens, fee structures, and permission models.

The solution integrates directly with the Coinbase Developer Platform (CDP) and provides enterprise-grade infrastructure, including managed sequencers and dedicated blockspace.

Several applications, including Horizen, Metacade, and others, are already leveraging Base Appchains to support real-world privacy applications and meet the high demands of on-chain gamers.

Smart Wallet Sub Accounts

Smart Wallet Sub Accounts improve how users manage their on-chain activity by allowing multiple wallets to function within a single interface.

This feature reduces unnecessary wallet pop-ups and enhances transaction security through granular spending limits.

It also simplifies onboarding, as new accounts can be funded directly from a primary wallet while maintaining strict access controls.

According to Base, Smart Wallet Sub Accounts are ready for integration on the network’s testnet and will be live on the mainnet in Q2.

Mentioned in this article

Blocscale



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Bitcoin’s Decline: How It Stacks Up Against Past Market Corrections – Decrypt

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Bitcoin’s Decline: How It Stacks Up Against Past Market Corrections – Decrypt



Bitcoin fell below $80,000 late Thursday evening, extending its decline to 27% from its all-time high of $109,000 reached in January. 

The largest crypto by market value has now dropped beneath its 200-day moving average, a key technical indicator often watched by traders to assess long-term trend strength.

The decline follows accelerating outflows from Bitcoin ETFs, which had fueled much of the rally to record highs. 

Over the month of February, investors have pulled more than $2 billion from spot Bitcoin ETFs, the most significant weekly outflows since their inception. 

Meanwhile, gold ETFs have seen inflows rise, suggesting investors are shifting toward traditional safe-haven assets amid broader macroeconomic uncertainty.

Still, the latest drawdown is relatively mild compared to past Bitcoin cycles. 

Historical data shows Bitcoin has experienced at least 16 significant corrections from all-time highs, with declines ranging from 30% to 85% before eventually recovering. 

The current downturn mirrors a similar 33% drop between March and August 2024, which took 144 days to reach a new high in November. 

More severe declines, such as the 78% plunge in 2021-2022 and the 84% drop in 2018, took significantly longer to recover, with multi-year timelines before fresh highs were reached.

Macro Pressures and Market Shifts

The pullback comes as traders reassess expectations for Federal Reserve interest rate cuts, with persistent inflation data reducing the likelihood of imminent easing. 

Higher rates typically weigh on risk assets, including Bitcoin, which rallied in late 2024 partly on expectations of a looser monetary environment.

Market jitters have been compounded by geopolitical tensions following the Trump administration’s decision to impose tariffs on China, Mexico, and Canada, which has pressured global financial markets. 

A stronger U.S. dollar and declining Treasury yields have all but added further headwinds to Bitcoin’s momentum.

Building on negative sentiment, a more than $1.4 billion security breach on the Bybit exchange last week—the most significant crypto theft in history—has raised concerns about digital asset security, with some analysts linking the event to increased selling pressure.

Despite the correction, Bitcoin’s long-term holders appear to be staying put. 

On-chain data indicates that most selling pressure is coming from newer investors, while wallets holding Bitcoin for extended periods remain relatively inactive.

Even still, Bitcoin’s next move remains uncertain. Historically, corrections of this size have taken anywhere from weeks to over a year to recover, depending on macro conditions and market sentiment. 

Traders are now closely watching support levels around $75,000 and ETF flows for signs of renewed demand, analysts have told Decrypt.

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Nextrope realizuje projekt „Audyt smart kontraktów z AI” – Nextrope – Your Trusted Partner for Blockchain Development and Advisory Services

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Nextrope realizuje projekt „Audyt smart kontraktów z AI” – Nextrope – Your Trusted Partner for Blockchain Development and Advisory Services


Decentralized systems are reshaping how we interact, conduct transactions, and govern online communities. As Web3 continues to advance, the necessity for effective and fair voting mechanisms becomes apparent. Traditional voting systems, such as the one-token-one-vote model, often fall short in capturing the intensity of individual preferences, which can result in centralization. Quadratic Voting (QV) addresses this challenge by enabling individuals to express not only their choices but also the strength of their preferences.

In QV, voters are allocated a budget of credits that they can spend to cast votes on various issues. The cost of casting multiple votes on a single issue increases quadratically, meaning that each additional vote costs more than the last. This system allows for a more precise expression of preferences, as individuals can invest more heavily in issues they care deeply about while conserving credits on matters of lesser importance.

Understanding Quadratic Voting

Quadratic Voting (QV) is a voting system designed to capture not only the choices of individuals but also the strength of their preferences. In most DAO voting mechanisms, each person typically has one vote per token, which limits the ability to express how strongly they feel about a particular matter. Furthermore, QV limits the power of whales and founding team who typically have large token allocations. These problems are adressed by making the cost of each additional vote increase quadratically.

In QV, each voter is given a budget of credits or tokens that they can spend to cast votes on various issues. The key principle is that the cost to cast n votes on a single issue is proportional to the square of n. This quadratic cost function ensures that while voters can express stronger preferences, doing so requires a disproportionately higher expenditure of their voting credits. This mechanism discourages voters from concentrating all their influence on a single issue unless they feel very strongly about it. In the context of DAOs, it means that large holders will have a hard-time pushing through with a proposal if they’ll try to do it on their own.

Practical Example

Consider a voter who has been allocated 25 voting credits to spend on several proposals. The voter has varying degrees of interest in three proposals: Proposal A, Proposal B, and Proposal C.

Proposal A: High interest.

Proposal B: Moderate interest.

Proposal C: Low interest.

The voter might allocate their credits as follows:

Proposal A:

Votes cast: 3

Cost: 9 delegated tokens

Proposal B:

Votes cast: 2

Cost: 4 delegated tokens

Proposal C:

Votes cast: 1

Cost: 1 delegated token

Total delegated tokens: 14Remaining tokens: 11

With the remaining tokens, the voter can choose to allocate additional votes to the proposals based on their preferences or save for future proposals. If they feel particularly strong about Proposal A, they might decide to cast one more vote:

Additional vote on Proposal A:

New total votes: 4

New cost: 16 delegated tokens

Additional cost: 16−9 = 7 delegated tokens

Updated total delegated tokens: 14+7 = 21

Updated remaining tokens: 25−21 = 425 – 21 = 4

This additional vote on Proposal A costs 7 credits, significantly more than the previous vote, illustrating how the quadratic cost discourages excessive influence on a single issue without strong conviction.

Benefits of Implementing Quadratic Voting

Key Characteristics of the Quadratic Cost Function

Marginal Cost Increases Linearly: The marginal cost of each additional vote increases linearly. The cost difference between casting n and n−1 votes is 2n−1.

Total Cost Increases Quadratically: The total cost to cast multiple votes rises steeply, discouraging voters from concentrating too many votes on a single issue without significant reason.

Promotes Egalitarian Voting: Small voters are encouraged to participate, because relatively they have a much higher impact.

Advantages Over Traditional Voting Systems

Quadratic Voting offers several benefits compared to traditional one-person-one-vote systems:

Captures Preference Intensity: By allowing voters to express how strongly they feel about an issue, QV leads to outcomes that better reflect the collective welfare.

Reduces Majority Domination: The quadratic cost makes it costly for majority groups to overpower minority interests on every issue.

Encourages Honest Voting: Voters are incentivized to allocate votes in proportion to their true preferences, reducing manipulation.

By understanding the foundation of Quadratic Voting, stakeholders in Web3 communities can appreciate how this system supports more representative governance.

Conclusion

Quadratic voting is a novel voting system that may be used within DAOs to foster decentralization. The key idea is to make the cost of voting on a certain issue increase quadratically. The leading player that makes use of this mechanism is Optimism. If you’re pondering about the design of your DAO, we highly recommend taking a look at their research on quadratic funding.

If you’re looking to create a robust governance model and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure that your DAO will stand out as a beacon of innovation and resilience in the long term.



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Outdoor BTS Antenna Market Size Trends and Forecast by Application, Type, and Geography,Opportunity Analysis | Web3Wire

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Outdoor BTS Antenna Market Size Trends and Forecast by Application, Type, and Geography,Opportunity Analysis | Web3Wire


Outdoor BTS Antenna Market

The global outdoor BTS antenna market was valued at approximately USD 5 billion in 2023 and is projected to reach around USD 9.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2032.

Outdoor BTS Antenna Market Overview

The Outdoor BTS (Base Transceiver Station) Antenna market is growing steadily, driven by the rapid expansion of 5G networks, increasing mobile data traffic, and the need for enhanced network coverage. These antennas play a crucial role in supporting wireless communication by ensuring seamless connectivity across urban, suburban, and rural areas. The rise in IoT applications, smart cities, and advanced communication technologies is further fueling market demand. Telecom operators are heavily investing in upgrading their infrastructure to improve signal strength, reduce latency, and enhance overall network efficiency. North America and Asia-Pacific are key regions leading the market, with significant deployments in 5G and next-generation wireless technologies. Major industry players are focusing on innovations such as multi-band and MIMO (Multiple Input Multiple Output) antennas to optimize network performance. The increasing adoption of cloud-based radio access networks (C-RAN) and small cell deployments is expected to further drive market growth in the coming years.

Request a sample copy of this report at: https://www.omrglobal.com/request-sample/outdoor-bts-antenna-market

Advantages of requesting a Sample Copy of the Report:1) To understand how our report can bring a difference to your business strategy2) To understand the analysis and growth rate in your region3) Graphical introduction of global as well as the regional analysis4) Know the top key players in the market with their revenue analysis5) SWOT analysis, PEST analysis, and Porter’s five force analysis

The report further explores the key business players along with their in-depth profilingEricsson, Huawei, Nokia, Comba Telecom and more…..

Outdoor BTS Antenna Market Segments:◘ By Type: Base Station Antennas, Macrocell, Small Cells

◘ By Application: Mobile Networks, 5G/4G Networks, Communication Towers

Report Drivers & Trends Analysis:The report also discusses the factors driving and restraining market growth, as well as their specific impact on demand over the forecast period. Also highlighted in this report are growth factors, developments, trends, challenges, limitations, and growth opportunities. This section highlights emerging Outdoor BTS Antenna Market trends and changing dynamics. Furthermore, the study provides a forward-looking perspective on various factors that are expected to boost the market’s overall growth.

Competitive Landscape Analysis:In any market research analysis, the main field is competition. This section of the report provides a competitive scenario and portfolio of the Outdoor BTS Antenna Market’s key players. Major and emerging market players are closely examined in terms of market share, gross margin, product portfolio, production, revenue, sales growth, and other significant factors. Furthermore, this information will assist players in studying critical strategies employed by market leaders in order to plan counterstrategies to gain a competitive advantage in the market.

Regional Outlook:The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

» North America (U.S., Canada, Mexico)» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)» South America (Brazil, Argentina, Rest of SA)» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

If you have any special requirements, Request customization: https://www.omrglobal.com/report-customization/outdoor-bts-antenna-market

Outdoor BTS Antenna Benefits for Stakeholders:⏩ The study represents a quantitative analysis of the present Outdoor BTS Antenna Market trends, estimations, and dynamics of the market size from 2025 to 2032 to determine the most promising opportunities.⏩ Porter’s five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.⏩ In-depth analysis, as well as the market size and segmentation, help you identify current Outdoor BTS Antenna Market opportunities.⏩ The largest countries in each region are mapped according to their revenue contribution to the market.⏩ The Outdoor BTS Antenna Market research report gives a thorough analysis of the current status of the Outdoor BTS Antenna Market’s major players.

Outdoor BTS Antenna questions answered in the report:➧ What will the market development pace of the Outdoor BTS Antenna Market?➧ What are the key factors driving the Outdoor BTS Antenna Market?➧ Who are the key manufacturers in the market space?➧ What are the market openings, market hazards,s and market outline of the Outdoor BTS Antenna Market?➧ What are the sales, revenue, and price analysis of the top manufacturers of the Outdoor BTS Antenna Market?➧ Who are the distributors, traders, and dealers of Outdoor BTS Antenna Market?➧ What are the market opportunities and threats faced by the vendors in the Outdoor BTS Antenna Market?➧ What are deals, income, and value examination by types and utilizations of the Outdoor BTS Antenna Market?➧ What are deals, income, and value examination by areas of enterprises in the Outdoor BTS Antenna Market?

Purchase Now Up to 25% Discount on This Premium Report: https://www.omrglobal.com/buy-now/outdoor-bts-antenna-market?license_type=license-single-user

Reasons To Buy The Outdoor BTS Antenna Market Report:➼ In-depth analysis of the market on the global and regional levels.➼ Major changes in market dynamics and competitive landscape.➼ Segmentation on the basis of type, application, geography, and others.➼ Historical and future market research in terms of size, share growth, volume, and sales.➼ Major changes and assessment in market dynamics and developments.➼ Emerging key segments and regions➼ Key business strategies by major market players and their key methods

Contact Us:Mr. Anurag TiwariEmail: anurag@omrglobal.comContact no: +91 780-304-0404Website: http://www.omrglobal.comFollow Us: LinkedIn | Twitter

About Orion Market ResearchOrion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



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Relay Secures £27M Investment Led by Plural VC to Revolutionize AI-Powered Logistics – Web3oclock

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Relay Secures £27M Investment Led by Plural VC to Revolutionize AI-Powered Logistics – Web3oclock




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Bitwise Secures $70 Million to Accelerate Crypto Investment Solutions Amid Surging Market Growth – Web3oclock

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Bitwise Secures  Million to Accelerate Crypto Investment Solutions Amid Surging Market Growth – Web3oclock


Strengthening Crypto Asset Management in a Booming Market:

Scaling Through Innovation and Institutional Demand:

Strategic Deployment of Funds:

Bitwise already has 32 investment solutions in beta, alpha, and on-chain strategies. Its portfolio is diverse and comprises:

Yield and alpha strategies that incentivize active engagement in blockchain networks.

Multi-strategy funds and separately managed accounts.

On-chain staking solutions.

Blockchain profitability index funds that track and measure the profitability of blockchain networks.

Bitcoin and Ethereum exchange-traded products (ETPs).

Expanding Talent and Market Reach:

Regulatory Developments and Future Growth:

Looking Ahead: Scaling Innovation in Crypto Investment



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Bitcoin Miner MARA Posts Record Quarterly Revenue, Beating Estimates – Decrypt

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Bitcoin Miner MARA Posts Record Quarterly Revenue, Beating Estimates – Decrypt



Bitcoin mining company MARA Holdings reported record revenue and earnings in Q4 2024, surpassing analysts’ expectations and the challenges presented by last year’s Bitcoin halving event.

The company posted a 37% increase in revenue, reaching $214.4 million, compared to $156.8 million in Q4 2023, owing to a 132% rise in the average price of Bitcoin mined, as per its fourth-quarter statement.

The Florida-based firm’s net income for the quarter grew by 248%, totaling $528.3 million, compared to $151.8 million in the same period last year. 

While Bitcoin’s price increase contributed a hefty $119.9 million to the total, the company still faced a $64.2 million drop in revenue due to decreased Bitcoin production, which was heavily impacted by the April halving event.

The Bitcoin halving effectively slashed the reward miners receive from solving the computational puzzle inherent in proof-of-work networks by 50%, from 6.250 BTC to just 3.125 BTC per block.

As a result, MARA mined 2,492 BTC in Q4 2024, down 27% from the 3,490 BTC produced in the same quarter in 2023.

However, despite the decline in production, MARA was able to increase its total blocks won by 25%, achieving 703 blocks in Q4 2024 compared to 562 in Q4 2023.

Earnings per share also far exceeded expectations, coming in at $1.24, a significant uplift compared to analysts’ forecast of a loss of $0.32 per share, as per Market Beat data.

The EPS result marked a significant earnings surprise, with MARA’s stock climbing by 7.41% to $13.38 in after-hours trading, Google Finance data shows.

MARA’s hashrate grew 115% to 53.2 EH/s in Q4 2024, up from 24.7 EH/s in Q4 2023, driven by strategic acquisitions and energy capacity expansion.

Energy hashrates measure the computational power used in mining, typically in exahashes per second (EH/s), determining the rate of transaction processing and network security.

MARA’s energy and hosting costs also rose sharply by 70%, totaling $127.4 million in Q4 2024, compared to $75.1 million in Q4 2023. 

The company’s direct energy cost per Bitcoin for its owned mining sites increased to $28,801, up from $23,000 in the previous year, reflecting the challenges of scaling operations while maintaining profitability.

MARA reported a 62% BTC yield per share for 2024 and did not sell any Bitcoin out of its total holding of 44,893 BTC, worth $4.6 billion, in Q4.

The second-largest corporate holder of Bitcoin is taking proactive steps to differentiate itself from its competitors.

“Our focus is not just on Bitcoin mining but on being the lowest-cost producer in an environment where efficiency and adaptability are paramount,” MARA Chairman and CEO Fred Thiel wrote in the annual shareholder letter.

While MARA comes forward with a strategic push, other miners are struggling to cope with rising energy costs and the impact of Bitcoin’s halving event. 

Those challenges are reflected in Bitdeer’s recent performance, as the Singapore-based miner disclosed a significant fourth-quarter loss of $532 million. Despite its efforts to develop proprietary mining chips, Bitdeer’s stock took a hit, dropping 20% following the announcement.

Edited by Sebastian Sinclair

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Ligero Raises $4M to Revolutionize ZK Tech, Backed by Galaxy Ventures & 1kx – Web3oclock

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Ligero Raises M to Revolutionize ZK Tech, Backed by Galaxy Ventures & 1kx – Web3oclock




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