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Bitcoin miners are facing challenges as Bitcoin's price drops and mining difficulty increases.

Signs of renewed accumulation are emerging among Bitcoin (BTC) holders, according to Glassnode.

Bitcoin (BTC) traded back above the $60,000 mark, gaining 2.9% over the past 24 hours to reach $61,100 at the time of writing.

A record low amount of bitcoin on exchanges indicates a bullish trend, potentially leading to new all-time highs.

Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22% of issued and outstanding Bitfarms common stock. The acquisition takes the total count of Bitfarms shares owned by Riot to about 85.3 million. Bitfarms said earlier in the day its co-founder and chair Nicolas Bonta, one of the three board members top shareholder Riot sought to replace, would leave the company immediately.

The investment was led by Archetype and included contributions from IOSG, Spartan, Amber Group and Big Brain Holdings.

NEW YORK (Reuters) -Talen Energy is focused on capturing surging demand from data center developers as the independent power company looks to pivot away from its crypto mining operation, company executives said on Tuesday. Talen is among a group of U.S. electric companies benefiting from the power needs of artificial intelligence and cloud computing data centers, with shares of Talen up nearly 100% since the start of the year. "It's not a strategic asset for us and we are looking at... other alternatives," Talen Energy Chief Executive Officer Mark McFarland said of the crypto mining business on a second-quarter earnings call.

Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.

The world's top crypto is expected to stay volatile ahead of November's election.

While U.S. crypto insiders continue to pound away at a noncommittal Biden administration, a more urgent mission is developing to find out the digital assets views of Vice President Kamala Harris, though her dual life as vice president and presidential candidate may interfere with taking a strong stance.