Crypto Today: Smaller Bitcoin Miners Rise, Ferrari’s Crypto Push

In today's crypto news, competition in the Bitcoin mining industry is escalating as smaller miners steadily close the realized hashrate gap with larger counterparts, amidst challenging post-halving conditions. Recent data indicates that public miners like HIVE Digital and Cipher Mining have shown increased hashrate performance due to significant infrastructure investments, now accounting for almost one-third of Bitcoin's network hashrate. Additionally, overall borrowing to fund new infrastructure has surged to over $12 billion in the industry. In another development, Ferrari is launching a digital token to allow a select group of elite clients to bid on its Le Mans-winning 499P racing car, aiming to enhance customer loyalty. This token will facilitate exclusive trading and auctions within its Hyperclub. Lastly, video platform Rumble is set to implement Bitcoin tipping for its users by mid-December, in collaboration with Tether, providing content creators with secure monetization options while aligning with their anti-censorship values.

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