Results for: Mining

On Monday, Bitcoin saw a modest increase after completing its fourth halving on Friday, with prices rising 1.8%. Public cryptocurrency miners witnessed gains, with Marathon Digital and Riot Platforms showing rises of 3% and 5%, respectively. The halving event, occurring every four years, reduces incentives for Bitcoin miners while restricting the supply of new Bitcoins. Despite this, some analysts predict potential short-term risks for Bitcoin. Larger, well-established mining operations are better positioned to navigate the halving, while smaller operations may face challenges. Hash rates, indicating computational efficiency, are crucial in determining the profitability of mining.

Royalty Management Holding Corporation (Nasdaq: RMCO) will be attending the National Minerals Week 2024 in Kingston, Jamaica, from May 5th to 10th. The conference, hosted by the Jamaican Ministry of Agriculture, Fisheries, and Mining, will focus on raising awareness of the minerals and resources located within Jamaica and their role in the world economy. RMCO will meet with local organizations and communities to discuss opportunities for local hiring and partnerships to maximize value for all stakeholders. The company has invested in a high-quality iron ore, vanadium, and titanium asset in Jamaica that will provide a royalty stream to its investors.