- Bitcoin experienced an upward difficulty adjustment of 14.95%–the largest increase in 2.5 years. This brings the difficulty almost in line with pre-halving levels. There’s some speculation on what is happening behind the scenes, including a combination of older hardware being plugged in to take advantage of the negative difficulty adjustments as well as next gen hardware coming online.
- ASIC manufacturer Ebang disclosed a $2.5m loss for Q1 2020, according to an update to their IPO prospectus. The IPO would make Ebang the second Chinese ASIC manufacturer publicly traded in the US after Canaan.
Mining news for this week: