The worst of bitcoin’s 50% drawdown may already be behind us.

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A solo miner turned $75 in rented hashpower into a $200,000 Bitcoin block reward, defying steep odds in a rare, lottery-like win.

Despite incredibly long odds, someone scored a $200K BTC block reward after spending just $75 to rent Bitcoin mining power.

A solo miner hit the jackpot today after validating a block to cash in 3.125 Bitcoin, or about $200,000, from the block reward through rented hashrate.

Canaan Inc. (CAN), a manufacturer of bitcoin mining hardware and an operator of crypto mining infrastructure, said it bought ...