On December 30th, Bloomberg ETF analyst James Seyffart posted on social media that as of Wednesday this week, Valkyrie's Bitcoin Miner ETF (WGMI) had risen about 399% in 2023. Although there has been a slight decline in the past few days, the full-year increase is still 314%, making it the best-performing non-leveraged ETF in the United States in 2023.

CryptoQuant data shows that after a large amount of withdrawals this week, the Bitcoin reserves of cryptocurrency miners have dropped to the lowest point since May. This indicates that selling pressure is increasing, as miner reserves measure the amount of tokens held in subsidiary miner wallets, which may signal the prelude to selling as tokens are transferred to cryptocurrency exchanges. Currently, Bitcoin miners hold approximately 1.832 million BTC reserves, which is lower than the highest point of 1.845 million in October. Previously, AliCharts pointed out in a social media post that miners had sold 3,000 BTC in the past 24 hours, equivalent to about $129 million.

BIT Mining Limited (NYSE: BTCM) announced that it has agreed to sell its entire mining pool business operated under BTC.com to Esport Win Limited for a total price of $5 million. As the cryptocurrency net liabilities of the business are approximately $11 million, the sale is expected to increase the total equity of BIT Mining's shareholders by approximately $16 million. This sale does not include or affect any other business of BIT Mining.

BTC Digital Ltd., a bitcoin mining company listed on Nasdaq, announced that it has signed a subscription agreement with three individual investors to issue and sell 303,497 shares of common stock with a face value of $0.06 per share, raising a total of $1,014,286 or $3.342 per share.

Cryptocurrency mining company HIVE Digital announced the purchase of 7,000 Antminer S21 mining machines from Bitmain, with an estimated delivery time of January to June 2024.

Ocean mining pool allows Bitcoin miners to decide whether to process blocks containing non-financial transactions, such as creating Ordinals. The head of the mining pool, Luke Dash Jr., was previously a staunch opponent of Ordinals.

Marathon Digital Holdings, Inc. has reached a final acquisition agreement with Generate Capital and a subsidiary of PBC to acquire two currently operational Bitcoin mining facilities with a total capacity of 390 megawatts for a total of $178.6 million, which will be paid in cash from Marathon's balance sheet.

According to a recent report by Matrixport, Bitcoin has seen a YTD increase of over 150%, outperforming the Nasdaq by over 53%. However, other crypto firms such as Coinbase and Bitcoin miners have seen even bigger gains, with Coinbase climbing over 333% and Bitfarms Ltd experiencing a jump of 601% in the past 12 months. Matrixport suggests that a diversified portfolio including these companies could see potential gains of up to 572% if Bitcoin hits $70,000. The report also highlights the surge in Bitcoin transaction fees due to renewed interest in non-fungible tokens (NFTs). Matrixport remains bullish on Bitcoin, predicting a price of $125,000 by the end of 2024.

Hut 8 announced it will further accelerate its growth by acquiring four Canadian power plants and a new Bitcoin mining site. The company's subsidiary, BidCo, has won the bid to acquire Ontario gas-fired power plants and the North Bay Bitcoin mine owned by Validus Power Corp. The total capacity of the four power plants is 310 megawatts (MW), and the bidding amount has not been disclosed. It is reported that the transaction is scheduled to be completed in January, pending court approval.

Bitcoin mining enterprise Stronghold released its 2023 November operational and financial performance update report, which showed a production of 193 Bitcoins in November and generated about $700,000 in energy revenue, an increase of about 4% compared to the previous month (198 Bitcoins and $100,000 energy revenue).In addition, the company created about $7.2 million in revenue in November, setting a record for the highest monthly revenue in 2023.