Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode (David Pan/Bloomberg)

Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum’s Merge  —  Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …

Mike Truppa / The Block:
Ethereum activates its long-awaited The Merge upgrade and transactions are now being processed under proof of stake  —  – The Merge upgrade is transitioning Ethereum from proof of work to proof of stake.  — The Merge is one of the largest technological events in the industry to date.

Sam Reynolds / CoinDesk:
Binance’s mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners  —  The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

David Pan / Bloomberg:
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs’ value plunges  —  Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.

Sidhartha Shukla / Bloomberg:
After Ethereum’s Merge, a look at four more upgrades to the network that are under active development, called The Surge, The Verge, The Purge, and The Splurge  —  After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project.

Martha Muir / Financial Times:
A look at life for ether miners after the Merge, including repurposing obsolete equipment to mine other cryptocurrencies, host cloud services, and heat homes  —  Ether crypto miners are looking to repurpose technology made obsolete by last month’s “Merge” for other energy-intensive activity …