Mining
North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance
US-based Titan crypto mining software company sets to launch the first Enterprise-Grade Bitcoin Mining Pool in North America.
Ethereum Mining Difficulty Has Reached an ATH
Ethereum, the second-largest cryptocurrency by market capitalization has attained a new mining difficulty all-time high of 4,745,167,085,193,270.
China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns
A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.
UK’s Argo Crypto Mining Firm Begins Paying CEO in Bitcoin
Argo blockchain crypto mining firm has become the first publicly listed company to pay its CEO in Bitcoin.
Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan
Federal authorities have uncovered a large illegal Bitcoin mining site in Kyrgyzstan in the territory of the Bishkek Free Economic Zone.
Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America
Crypto mining giant Bitmain has announced that it will be partnering with crypto mining firm Foundry to extend its services to North America.
Italian Authorities Bust Illegal Ethereum Mining Activities Using Airport Computers
Airport officials working at Italy’s Lamezia Terme International airport have nabbed a 41-year-old technician for unlawfully mining Ethereum using the airport computers.
Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining
Grayscale parent company DCG has announced its entry into Bitcoin mining.
How to Mine Without Buying A Mining Machine
Bitcoin’s price has been rising incredibly and continues to trend upward. Many people may think that if they cannot buy a Bitcoin mining machine, they are missing out on a huge opportunity to generate profit.
UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility
London-based Argo Blockchain has joined an increasing number of firms seeking to construct crypto mining facilities in Texas, US.
World's Second Largest Bitcoin Mining Company Raises $90M in US IPO
The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).
Kazakhstan to Secure $700 Million Funds to Boost its Bitcoin and Crypto Mining Projects
Kazakhstan's government is trying to secure a $700 million investment and reports that it is on track with its crypto mining farm project.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
Former facilities worker who allegedly set up a secret cryptocurrency mining operation
After skipping a court arraignment session, Nadeam Nahas faces arrest for using a school's energy for bitcoin mining.
Digihost Plans to Move Mining Rigs from NY to Alabama, Expand Energy to 55 MW in 2023
U.S.-based crypto miner Digihost Technology Inc. plans to move drilling rigs from New York to Alabama, expanding energy capacity to 55 MW in the second quarter of 2023.
Grayscale Launches Bitcoin Mining-Centered Investment Entity
Crypto asset management firm Grayscale plans to launch a new private co-investment opportunity in mining hardware that enriches the bitcoin ecosystem.
Hut 8 Achieves Record High Annual Revenue of $173.8m
A prominent Canadian cryptocurrency mining company, Hut 8, achieves a record high annual revenue of $173.8 million. Bitcoin holdings will increase by 100% to 5,518 by the end of 2021, with a market cap of $323.9 million.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.
Compass Mining to Sold $30m Worth of Assets in Russia to Fend Off Sanctions
Compass Mining, an American cryptocurrency mining firm, is looking for buyers for its gears stranded in Russia in a bid to avoid being sanctioned by the United States Department of Treasury.
Argo Mining Crypto Production Rose to 219 BTCs in July
Argo not only mined more Bitcoins in July, but also generated higher revenues than the previous month. The crypto mining firm faced challenges of electricity costs and its 17 series machines during the month of July.
Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode
The Iran Grid Management Company, also known as the Tavanir, has cut off the power supply to the country’s licensed cryptocurrency miners, a significant step against its backing for the controversial adventure.
Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans
Despite the market plunge, Argo Blockchain recorded increased Bitcoin mining revenues in June. Argo said the success has been attributed to the increased Bitcoin mining produced by S19J Pro machines.
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.
Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty.
UK to Accept Stablecoins as Form of Payment, Plans to Mint NFT by this Summer
The UK announced to accept stablecoins as a valid form of payment and has set plans to make Britain a global hub for cryptoasset technology and investment.
Stronghold Digital Mining Collects Coal Waste to Power Cryptocurrency Mining
Stronghold Digital Mining, based in western Pennsylvania, has found a new, environmentally friendly way to mine cryptocurrency, Reuters reports.
Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations
Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.
Russia's Apex Bank Grants DFA License to Atomyze, the Nation's First
The Central Bank of Russia (CBR) has granted the Digital Financial Assets (DFA) services license to Atomyze LLC, the first startup in the country to become an asset manager.
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge produced 230 Bitcoins in June, an increase of 18% compared to production seen in May. The company also has ordered additional 200 mining machines to be on delivery to increase its mining ability.
Helium Farm's New Mining Plans Promise Lucrative HNT Returns in 2024
Helium Farm unveils three innovative mining plans in 2024, promising attractive returns on HNT. Offering robust services and global reach, the plans are a blend of profitability and security for investors
New York Governor Cuomo signs PoW mining ban
New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22. PoW mining consensus is predominantly used by Bitcoin miners and a few other altcoins. The practice has been marred by controversies over its high amount of energy consumption.
Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.
Bitcoin Halving: Everything You Need to Know in 5 Minutes
In May 2020, Bitcoin is expected to experience its third halving in history. Bitcoin halving refers to the halving of Bitcoin block rewards, which occurs once every 210,000 blocks created (approximately every 4 years).
Tether's Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks
Paolo Ardoino, CTO of Tether and Bitfinex, confirmed the authenticity of a photo of a container bearing the "Tether Energy" logo, confirming it was a depiction of a control room at a Latin American site nearing completion. Ardoino also shared a 3D design of the site.
Bitdeer Reports Robust Operational Performance for October 2023
Bitdeer Technologies Group, a leading Bitcoin mining company, has seen steady operational performance in October 2023, with strategic developments like Tydal Datacenter construction highlighting its long-term success.
Bitcoin’s 30-Day MVRV Shows BTC UnderBought
Bitcoin’s 30-day MVRV, measuring the returns of 30-day trading addresses, shows BTC is underbought.
Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban
Tech and political oligarchs in Russia are expressing their full displeasure over the proposed blanket ban on crypto.
Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020
BTC transaction fees have plunged based on the ongoing Chinese crackdown on Bitcoin mining facilities.
Crypto Mining Demands Ramps Up in Vietnam Amid Bitcoin’s Price Surge
Surging Bitcoin’s price is currently creating greater demand for cryptocurrency mining in Vietnam. Increased interest in mining activities are also being seen in several regions across the world.
PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool
UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.
Ethereum Whales Continue Ramping up, Despite Price Slip Below $4,000
Active whales in Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins.
Musk Abandons Twitter Board, Tesla Builds Partnership to Make BTC Mining Eco-Friendly
Tesla's boss Elon Musk decides not to join the board, who recently become the biggest shareholder in Twitter. Meanwhile, Tesla, Blockstream, and Jack Dorsey-owned Block have teamed up to power a bitcoin mining facility with solar energy.
Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble
Hut 8 Corp faces serious accusations from JCapital Research, claiming mismanagement and legal issues post-merger, leading to a significant stock price drop. The company is now working to address these allegations and reassure investors.
Greenidge Generation Recruits New Executive Leaders, Forecasts Losses in Q3
Bitcoin mining company and zero carbon power plant supplier Greenidge Generation has announced a transition of leadership and a possible loss in Q3
Marathon Digital Holdings Reports Lower Bitcoin Production in February Due to Maintenance Issues
Marathon Digital Holdings announced a 23% decrease in bitcoin production for February 2024 due to unplanned maintenance issues at its mining facilities, despite a 9% increase in hash rate.
BTC Mining Firm Griid to be Listed on NYSE, valued at $3.3B
Bitcoin mining company Griid announced that it will merge with Adit EdTech Acquisition Corp through a special purpose acquisition company (SPAC) to be listed on the New York Stock Exchange under the stock code "GRDI".
Sparks Fly: Bitcoin and Ethereum Debate on ETH’s Total Supply Goes Viral
Over the past few days, a central debate has been ongoing on crypto Twitter, fueled by Bitcoin and Ethereum advocates. Both Bitcoiners and Ethereans disagree on which cryptocurrency is better for use.
Maple Finance Loans $300m to help Struggling Bitcoin Miners
The lending fund is designed to support crypto mining firms impacted by the market downturn.
Genesis Mining Survey Finds Bitcoin Investors Believe in Safe Haven Value, Not $50,000 BTC Price by 2030
A survey by Genesis Mining reveals that while the majority of Bitcoin investors are sold on the crypto’s ability to replace gold, few are as confident of $50,000 per BTC by 2030.
Bitcoin Mining Transforming Global Energy Crisis, Says Arcane Research
Arcane Research suggests crypto mining would help to resolve the energy crisis triggered by fossil fuels.
SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case
The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as "DEBT Box," along with its four principals and 13 other defendants.
Bitcoin Ordinals Create Stir Within Crypto Community
Luxor CEO Nick Hansen stated Bitcoin Ordinals might produce "synergies" between the mining pool and OridinalHub.
Riot Mined 6,626 Bitcoin, Clinching Record $281M Revenues in 2023
Riot Platforms saw a $280.7 million revenue boost in 2023, attributed to increased Bitcoin production, higher average prices, a strong balance sheet, and enhanced hash rate capacity.
117 Smuggled Crypto Mining Machines Seized by Iranian Police
The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.
Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility
Marathon Digital Holdings and Zero Two have partnered to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, based in Mina Zayed and Masdar City, will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid.
Bitcoin Hashrate Resumes More Than Doubles Amid BTC Being up by More Than 441% since the Halving
Bitcoin’s hashrate has been on the right footing because it has resumed more than doubled after falling by 50% amid intensified crypto mining crackdowns by Chinese authorities.
Coinbase Executives Visit UAE to Explore Potential for Crypto Operations
Coinbase executives, including CEO Brian Armstrong, visited the UAE to explore the potential of the region as a strategic hub for its international operations. The visit coincides with a partnership between Marathon Digital Holdings and Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Paolo Ardoino: Tether Tests New Bitcoin Mining Platform, Moria, with Enhanced Software Control
Tether is testing its new Bitcoin mining platform, Moria, which has undergone significant software enhancements, including software-driven PDU management and multisig approval. Moria is designed to integrate with IoT devices, potentially revolutionizing mining operations. Tether's diversification into Bitcoin mining is still in its testing phase.
Texas City Fort Worth Becomes First Government to Mine Bitcoin in the US
Fort Worth, a City in Texas State, announced Tuesday to become the first city government to mine Bitcoin in the United States.
Malware Botnets Hijacked Microsoft SQL Databases to Mine Cryptocurrency Causing Concern
Guardicore, a cloud security and data center firm, has issued a report showing how a malware botnet, tracked as Vollgar botnet, has been hijacking Microsoft SQL Server (MS-SQL) databases around the world and forcing them to mine the cryptocurrencies Vollar and Monero.
China’s Crypto Mining Clampdown Sparked by Illegal Coal Extraction
China’s latest crackdown on cryptocurrency mining was prompted by an increase in the illegal coal extraction.
Melanion Capital Advocates for Bitcoin Mining Against Swedish Government's Banning Call
Swedish authorities' call to ban Bitcoin mining across the EU has been faulted by Melanion Capital who says the position is "completely misinformed."
Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%
Bitcoin miners have been on the right footing after relocating other areas like the United States, Kazakhstan, and Iraq because the hashrate has nearly fully recovered based on a 93% surge.
Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.
Marathon Digital CEO Urges to Incentivize Bitcoin Miners for Embracing Renewable Energy
Fred Thiel, the CEO of Bitcoin mining firm Marathon Digital, has called on the Federal Government to incentivize miners for embracing renewable energy options to mine their cryptocurrencies.
Bitcoin Mining is a 'Net Plus' for the Environment: US Senator Ted Cruz
United States Senator, Ted Cruz has showered accolades on Bitcoin mining as a venture, taking a very divergent view from major critics who believe Bitcoin mining is damaging to the environment.
Bitcoin’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover
Bitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
Arkansas passes Bitcoin mining regulation bill
Arkansas has passed a bill to regulate Bitcoin mining activity in the state, protecting miners from discriminatory regulations and taxes. Digital asset miners must pay applicable taxes and operate without causing stress to public utility generation capabilities. The move follows a similar initiative in Montana and New York's proof-of-work mining moratorium.
14,000 BTC Transferred as Record High since 2021 due to 'Miner Capitulation'
According to data from blockchain analytics firm CryptoQuant, bitcoin miners have transferred 14,000 bitcoins over the past few weeks, the highest number of bitcoins sold since January 2021.
Bitcoin Hash Rate Spikes to All-Time Highs
Bitcoin's hash rate has hit all-time highs of 398 terahashes per second (TH/s) on March 23, with analysts suggesting miners are turning on their rigs as BTC's price rises. The increase in hash rate is attributed to unused mining inventory coming online and entrepreneurs finding cheap sources of mining. While some have speculated that lower prices forced miners to shut down their rigs, others believe that attractively priced hardware is being bought up by well-capitalized miners.
City of Niagara Falls Forces Blockfusion Bitcoin Miner to Shut Down Operations
In Canada, the city of Niagara Falls claims that Blockfusion Bitcoin miner violates local laws and produces environmental disturbances.
Bitcoin Experiences the Second-Largest Drop in Mining Difficulty in History
The latest Bitcoin mining difficulty adjustment has experienced a major decline of 16%, representing the largest drop since late 2012.
Bitcoin Miner Integrated Ventures Sees Decline in Annual Revenue Despite Higher BTC Production
Integrated Ventures Inc. reported a yearly mining revenue of $3,862,849, despite an increase in Bitcoin production to 162.71 BTC in 2023 from 108.29 BTC in 2022. The dip in revenue is attributed to the declining cryptocurrency market with the average dollar value of mined Bitcoin dropping significantly.
US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.
DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.
South Carolina to Play Home for Greenidge's 175 Acre Crypto Mining Farm
Nasdaq-listed Greenidge Holdings has announced its plans to establish a new data center for mining cryptocurrencies in Spartanburg County, South Carolina State.
What is Bitcoin Ordinals?
Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are a way to inscribe digital content on the Bitcoin blockchain.
Huobi & BTC.Top Reportedly Suspends Business Operation in China
Cryptocurrency mining operators, including Huobi and BTC.TOP, are reportedly halting their business in mainland China, sources said.
Venezuela Shuts Down Crypto Mining Operations
Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA.
Bhutan Embraces Bitcoin Mining with Green Energy
Bhutan, known for its focus on "Gross National Happiness," has been quietly accumulating and mining Bitcoin with the help of its abundant hydroelectric power. The country is negotiating with Bitdeer to expand its mining operations further.
Bitcoin Mining Experiences 8th Consecutive Difficulty Since China’s Ban
Even though miners have found the right footing by relocating to other areas like the United States, the eighth consecutive difficulty is being witnessed.
Riot Blockchain Generates $79.8m Revenue with YoY Increase of 244%
Riot Blockchain's first-quarter earnings from 2022 showed a new record of total revenue for the quarter. It was up 244% year-over-year to $79.8 million, and its bitcoin production increased year-over-year in the first quarter of 2022 by 186% to 1,405 BTC.
Bitcoin Mining Firm Marathon Digital Posts 91% Growth in Q3, Gets $100M Credit Line from Silvergate Bank
Marathon Digital Holdings Inc announced its financial results for the third quarter, indicating that the crypto mining firm recorded a 91% growth in revenues in Q3 compared to Q2.
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.
Bitcoin Miners are Squeezed By Lack of Data Centers Amid China's Clampdown
The clampdown on crypto mining from China has caused a shortage of space for the homeless mining machines.
American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses
An American fraud fugitive wanted by the US Federal Bureau of Investigation (FBI) for a $722 million cryptocurrency scam has been nabbed in Jakarta, Indonesia, for child sex crimes.
EU Market Watchdog Speaks Against Renewable Energy Mining for PoW
The Vice-Chair of the European Securities and Markets Authority (ESMA), Erik Thedéen has taken a stance against the use of renewable energy for all PoW mining operations.
Ethereum Launches ETH 2.0 Multiclient Testnet - Medalla
Ethereum software developers proudly launched the blockchain project they have been perfecting these past few months, the Ethereum 2.0 multiclient testnet, Medalla.
Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.
Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan
Bitmain has changed its company structure in the registration filing with government agencies. Leading to Wu becoming executive director and legal representative of the company.
Bitfarms Settles Debt with BlockFi
Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.
Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season
Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid.
Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves
Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.
Crypto Firms Join Forces to Push for Stratum V2 Bitcoin Mining Upgrades
Spiral and Braiins lead efforts along with an industry working group to upgrade the current Stratum V1 protocol for miners.
Microsoft Patents Cutting Edge Human-Powered Crypto Mining System
Microsoft has filed for a patent for a cryptocurrency mining system that will leverage the data collected from people as they interact with advertising or exercise.
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Bitcoin mining firm Core Scientific to file for Bankruptcy
The Number of Bitcoin Addresses Holding At Least 1,000 BTC Hit a Monthly Low
The number of BTC addresses holding more than 1,000 Bitcoins plummeted ``to a1-month low of 2,152.
Ameren Energy Corp Unveils its Secret Bitcoin Mining Operations
Missouri-based energy generation company Ameren Corp has unveiled its secret Bitcoin mining operations near the Sioux Energy Center in the state.
Crypto Miner Hut 8 Launches New Facility in Ontario, Bitcoin Mining Production Remains Robust
Hut 8 Mining Corp currently holds a total of 7,078 BTC on its balance sheet and continues to advance its operations by launching a new crypto mining facility in Ontario, Canada.
EZ Blockchain Introduces Immersion Cooled Crypto Mining Data Center Containers
Crypto Mining Company EZ Blockchain Creates Immersive Liquid-Cooled Data Center, Simultaneously Unveils Newest Product for Cooling Crypto Mining Containers, SmartBox 1500i.
Litecoin Enters Top 20, Soared Over 28% in The Last 7 Days, Here Is Why
Investors are upbeat about Litecoin since the beginning of this month. The token has outperformed in the past few days, with the market cap reaching $4.91 billion.
CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million
CleanSpark, a crypto miner, has purchased 45,000 Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power. The first batch of 25,000 rigs will be delivered in August, with the remainder arriving in September, and they will be installed at a site in Sandersville, Georgia. CleanSpark aims to have 16 EH/s of computing power by the end of the year.
Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad
A Shenzhen-based cryptocurrency miner, BIT Mining, announced it will raise $50 million through private placement to expand its mining business to overseas markets abroad.
Argo Blockchain Announces 1st Quarter Financial Results
Argo Blockchain has released its financial report for the first quarter of 2022. It showed total quarterly revenue of $19.52 million, up from $17.84 million in the same period last year, attributed to an increase in hash rate over the past year.
Russian Official Advocates Legalization of Bitcoin Mining
In a dramatic twist, the Russian Deputy Minister of Energy Evgeny Grabchak is pushing for the regulation of Bitcoin mining given the current realities in the country.
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner.
HIVE Digital Completes $28.75 Million Financing via Special Warrants to Bolster Bitcoin Mining
HIVE Digital Technologies raised CAD $28.75 million through the sale of 5,750,000 special warrants, supporting Bitcoin mining operations and corporate purposes.
Iran to Introduce Additional Penalties for Illegal Crypto Mining
The Iranian government is going to pass new regulations to increase the penalties for illegal cryptocurrency mining using subsidized electricity.
Number of Ethereum Whales on the Decline as Market Sees a Massive Correction
Ethereum holders, those with at least 100 coins are on the decline.
Retail Momentum on the Bitcoin Network Slows Down by BTC’s Sinking Social Sentiment
Crypto analyst Joseph Young noted that a slow down in retail momentum and miners moving out of China were affecting Bitcoin.
NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE
Net Savings Link, Inc., a technology services company for the digital asset industry, announced a partnership with Metaverse Network LLC to release HIVE - the first multi-token-enabled blockchain home mining device.
Marathon Digital reports a 229% revenue increase in 2023
Marathon Digital reports a stellar 229% revenue increase in 2023, marking a significant turnaround with record BTC production.
New Wave of Green Energy Programs Influence Crypto Mining Sector
The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.
Riot Blockchain Mines 318 BTCs, Decreased 28% Compared Last July
Colorado-based bitcoin mining company Riot Blockchain Inc. announced that it produced 318 BTC in July, a decrease of about 28 % from 443 BTC in July last year.
UK Research Shows 66% Control of Hash Rate is Coming From China
Reporting on a study developed by UK based company CoinShares, as much as 66% of global hash rates come from and are controlled by Chinese Entities.
Michael Saylor Defends BTC Mining Council Embraces Decentralization
Michael Saylor refuted criticism over the newly formed Bitcoin mining council, emphasising that the council is committed to decentralization.
Crypto Miner HIVE Requested for Resubmission of Form 40-F
Hive Blockchain Technologies Ltd said it received a letter from Nasdaq, requesting that the company renew its annual report on Form 40-F due to delays in filing submit plans to meet exchange listing compliance.
Core Scientific seeks to sell $6.6 million in Bitmain coupons
On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.
Argo Blockchain regains stock listing compliance with Nasdaq
Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.
China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining
Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, according to local media, citing an acute power shortage.
ETH Miner Balances Recovering with its Transactions Hitting $2.5 Trillion in Q2 of 2021
This renewed Ethereum momentum is propelling ETH miner balances on the road to recovery.
Cipher Mining's Strategic Expansion: 16,700 New Miners Ahead of Bitcoin Halving
Cipher Mining gears up for Bitcoin's 2024 halving with a strategic purchase of 16,700 new miners, eyeing increased market value and mining capacity.
Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.
BlackRock's Bitcoin Strategy: Mining Investments and ETF Proposals
BlackRock has invested $411.54 million in Bitcoin mining businesses, including Riot Platforms Inc., Marathon Digital Holdings, Cipher Mining, and Terawulf, and proposed a Bitcoin ETF, despite SEC reluctance, highlighting Bitcoin's growing importance in finance.
Hut 8 Mining Company to Merge with US Bitcoin
Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.
Square Says It Has No Plans of Purchasing More Bitcoin After $20 Million Loss
Following Tesla's announcement that it will halt Bitcoin payments, Square disclosed that it had no intentions of buying more Bitcoin.
BTC Mining Hardware Startup Fabric Systems Raises $13M
Fabric Systems has said that the funds will be used to fund the development of two core launch products including a liquid immersion-cooled ASIC machine.
Bitcoin's Average Block Size Hits All-Time Highs
The average Bitcoin block size has reached record highs after Bitcoin NFT Ordinals protocol launched.
Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG
Luxor announced the completion of a Series A funding with a total value of $5 million.
Hut 8 Mining Corp Refutes JCapital Research's Allegations
Hut 8 Mining Corp, a leading Bitcoin miner, strongly refutes allegations by JCapital Research in a recent short report, emphasizing their commitment to transparency and urging stakeholders to refer to official SEC and Canadian regulatory filings for accurate information.
China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.
Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown
Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub following the turmoil that was continually rocking Kazakhstan.
Core Scientific Signs Hosting Deal to Add 75 MW to ASIC Server Capacity
US-based crypto mining company Core Scientific has signed a colocation agreement to secure at least 75 megawatts of energy capacity for its data centres.
Core Scientific to Host CoreWeave's AI and HPC Workloads in $100M+ Deal
Core Scientific has signed a multi-year contract to provide CoreWeave with up to 16 MW of data center infrastructure for AI and HPC workloads, with potential revenue exceeding $100 million.
Argo Blockchain Inks Bitcoin Mining Machine Swap Agreement with Core Scientific
The London-listed Bitcoin mining company, Argo Blockchain, has inked a partnership with Core Scientific that will see both companies swap their BTC mining machines over the next few months.
HIVE Purchases Additional 4,000 New Bitcoin Mining Machines
HIVE Blockchain, a publicly listed firm based in Canada, has announced a purchase of 4,000 Bitcoin mining machines to increase its hash rate production.
Analysis of Dominance and Dynamics of Bitcoin Mining in 2023
In 2023, Bitcoin mining saw top pools like Foundry and Antpool dominate, navigating 27 difficulty adjustments and 147 empty blocks, showcasing evolving blockchain dynamics.
Russia to Permit Partial Bitcoin Mining
Despite the back-and-forth stance toward crypto in Russia, serval Russian departments have reached a consensus that Bitcoin mining should be legalized in areas rich in electricity.
Generate Capital to Purchase Bankrupt Compute North's Assets in 2 Mining Sites
The loan secured from Generate Capital prompted Bitcoin miner Compute North to file for bankruptcy protection.
Russia Considering to Impose Special Energy Tariffs on Cryptocurrency Miners
Russia is looking to impose special energy tariffs on crypto miners paying more, who are being accounted for massive electricity consumption.
Ripple’s CEO Argues XRP Decentralization: Are Bitcoin and Ethereum Really Controlled by China?
The Ripple team has countered the SEC's decentralization argument claiming that Bitcoin is controlled by China as a result of the mining pool concentration. Is this true?
Central Bank of Russia Intends to Ban Crypto Mining and Activities
The Central Bank of Russia is going on the offensive in relation to the digital currency ecosystem in the country as the apex bank is calling for a blanket ban on crypto-related activities.
Intel to Discontinue Blockscale Bitcoin Mining Chips
Intel plans to cut costs by discontinuing its Blockscale Bitcoin mining chips, with the company stopping orders for the ASICs by Oct. 20 and ending shipping roughly in April 2024. Intel launched the Blockscale mining chips in April 2022 with a hash rate of up to 580 gigahash per second. The move is part of Intel's strategy to prioritize certain chips for outside customers while monitoring market opportunities in the crypto space.
Topnotch Bitcoin Mining Machine Manufacturer Bitmain Suspends Sales due to Chinese Crackdown
The world's top bitcoin mining machine manufacturer Bitmain Technology Co., Ltd. announced that it would suspend the sale of mining machines worldwide in response to the Chinese government's recent crackdown on domestic mining activites.
Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner
Microsoft’s recent patent for a human powered crypto mining system based on sensors that convert physical or mental activity into computer power has generated a lot of interest and captured the imagination of the public, but perhaps some are looking a little too closely.
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.
Bitcoin Slips to 4-Month Low as Kazakhstan Internet Shutdown Hampers Mining
Bitcoin dropped below $42K for the first time since September 2021 as the market remains in the red.
HashFlare founders arrested in $575M crypto scam
HashFlare's customers lease hashing power to mine cryptocurrency. The mining operation "defrauded hundreds of thousands" The founders allegedly laundered "criminal proceeds" through 75 properties, six luxury vehicles, cryptocurrency wallets, and thousands of mining machines. Alexei Potapenko and Turgin founded HashFlare. The company mined less than 1% of what it claimed and bought Bitcoin from third parties. The FBI wants scheme participants' information.
Celsius Received Approval to Continue Bitcoin Mining
Celsius Network has been granted the approval to use its mined Bitcoin to offset some of the deficit incurred in its daily operations.
Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.
Bitcoin Miners Generated Revenue Worth $1.68 Billion in November
Over the last month, it seems to be a good month for Bitcoin miners because they cashed in a whopping $1.68 billion.
Core Scientific Sold 1,975 Bitcoins More That It Mined in July
Core Scientific mentioned that curtailment activities related to power shutdowns limited its Bitcoin production activities during the month of July. The company, however, said it mined more Bitcoins during July than the previous month.
Sweden Prefers Using Electricity for Job Creation Activities than Bitcoin Mining
Sweden is a major Bitcoin mining hub in Europe. The Government is seeking ways to track how much power Bitcoin miners use.
Bitcoin Transaction Fees Soar After Block Reward Halving
Bitcoin transaction fees continue to soar after halving.
US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted
The United States now ranks as the largest Bitcoin mining hub, ahead of China with 35.4% of the global hash rate as of the end of August.
Bitcoin's Hashrate Recovers and Hits New ATH at 182.01 EH/s
BTC miners have been able to dust themselves off following China's intensified crackdown, given that the hashrate reached historic highs of 182.01 EH/s.
Mina Stones to Propel Ethical Mining in Africa via Credits Blockchain
Mina Stones, a pioneer of Handcrafted African Fine Jewelry, seeks to avert the unethical mining problem in Africa by using Credits blockchain to alter the present gemstones supply chain.
IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts
A video posted by the International Monetary Fund (IMF) on its social platform has generated a lot of criticism from the cryptocurrency community.
Vespene Energy Raises $4.3M Funding to Convert Landfill Methane into Bitcoin
Vespene Energy, a methane mitigation company, said that it is developing an infrastructure that will enable methane gas to produce electricity for Bitcoin mining.
Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract
Core Scientific has secured a $53.9 million investment from Bitmain, a leading manufacturer of digital currency mining servers. The deal involves a $23.1 million cash payment and an equity exchange worth $53.9 million in Core Scientific common stock. The partnership aims to boost the Bitcoin Network's efficiency and contribute to the company's self-mining hash rate.
Block's 5nm Bitcoin Mining Chip Prototype
Block has completed the prototype design for its 5nm Bitcoin mining chip, with plans to decentralize the supply of mining rigs through open-source technology. The company has purchased a large batch of ASIC chips from Intel to fast-track development of its proprietary 3nm chip.
The Most Unworkable State Law
An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.
Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View
The safety of crypto wallets was recently questioned, after an incident where a Bitcoin address was successfully hacked.
Bitcoin Perpetual Swaps Open Interest Hits the Highest Point Since Mid-April by Topping the $16B Mark
Bitcoin (BTC) has been experiencing an uptick in activities with perpetual swaps open interest recording a 5-month high.
Bitcoin Miners’ Control of BTC Network is Gradually Shrinking
Coin Metrics, a provider of on-chain and off-chain crypto asset market data, has released a new report showing Bitcoin miners’ control of the BTC network is decreasing.
Bitcoin’s Long-Term Address Activity Rebounding, Signaling a Breakout sign
On-Chain metrics provider Santiment noted that BTC long-term address activity surged to levels witnessed in mid-April, which could signal a breakout.
Only 2 Million Bitcoin Left to be Mined Within a Projected Timeline of 118yrs
A total of 19 million of the total 21 million of the coin’s maximum supply has been mined, leaving barely 2 million before the generation of new Bitcoin ceases for good.
The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches
The clean energy encrypted mining and semiconductor exchange-traded fund (ETF), created by registered investment advisor and emerging fund manager Viridi, was officially traded on the New York Stock Exchange on July 20 under the code name RIGZ.
Thailand Sees PoW Mining Surge As China Ban Lingers On
As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.
Crypto Miner Sphere 3D Sues Partner over Alleged Bitcoin Spoofing Attack
Sphere 3D, a crypto miner, has filed a lawsuit against Gryphon Digital Mining, its partner, after an alleged spoofing attack led to the irregular transfer of Bitcoin. Gryphon CEO allegedly wired BTC to a fraudster posing as Sphere 3D's CFO. Sphere 3D accuses Gryphon of violating their contractual duties and putting the company's assets at significant risk.
Hive Blockchain Generated 465.1 BTC, 2957 ETH in July
Hive Blockchain said it currently holds 3,091 Bitcoin and 6,820 Ethereum as of August 4, 2022, after producing 278.5 BTC and 2,957 ETH in July.
Gryphon Digital Mining Cancels to Go Public via Reverse Merger with Sphere 3D
The firms said they terminated the merger plan announced last June because of the current unfavourable market conditions.
Kyrgyzstan's Rising Tide in Crypto Mining Tax Revenue
Kyrgyzstan's rapidly growing crypto mining industry, leveraging abundant hydropower resources, is emerging as a key player in the global market, contributing significantly to national revenue and promoting sustainable practices.
Bitcoin Miner Iris Energy Inks $100M Deal as it Contemplates M&A
Bitcoin mining company Iris Energy has agreed on a deal to sell up to $100 million in shares to investment bank B. Riley, as the company contemplates mergers and acquisitions following a recent capital increase
China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto
Sparkpool, an Hangzhou-based Ethereum mining pool in China, has suspected of providing its services to its customers in China and further plans to halt the services abroad.
Fidelity Investments Acquires $20M Stake in Bitcoin Miner Marathon Digital
Fidelity Investment Inc now has a 7.4% stake in Marathon Digital Holdings, a major crypto mining firm in North America.
Bitcoin Miner Rhodium Plans to List on Nasdaq through Reverse Merger
Bitcoin miner Rhodium Enterprises is planning to list on Nasdaq under the ticker “RHDM” through a reverse merger with business consulting firm SilverSun Technologies Inc., Bloomberg reported on Sept 30.
Protests Erupt as Alexander Lukashenko Wins Disputed Landslide Election in Crypto Forward Belarus
In Belarus, a highly contested election victory for longstanding President Alexander Lukashenko over Svetlana Tikhanovskaya has erupted in protests. Despite the dispute, the Soviet forged dictator’s stay of power may be good news for crypto.
Hut 8 Purchases 5,800 Mining Rigs to Improve Productivity in Ontario
Hut 8 has bought new Bitcoin mining machines. The miner considers the purchase as part of efforts to alleviate a bottleneck in its production facilities.
Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery
Core Scientific has announced a significant fiscal recovery for Q4 2023, with a notable increase in self-mined bitcoin and improved financial results.
Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price
American Nasdaq-listed cryptocurrency mining company CleanSpark has announced the purchase of new 10,000 Antminer S19j Pro units for $28 million.
Bitcoin Miner Argo Updates Computing Power to 3.2 EH/s at the end of 2022
U.K.-based publicly traded cryptocurrency miner Argo Blockchain said on Wednesday it plans to update its year-end computing power from 5.5 EH/s to 3.2 EH/s by the end of 2022, a drop of 41.8%.
Bitcoin’s Mining Difficulty Jumps by 3.44%, Reaching New ATH at 36.84 Trillion
Bitcoin's mining difficulty has increased by 3.44%. The increase means that more competition is rising.
Mawson Infrastructure Group Signs New Hosting Services Deal with Foundry Digital
The deal demonstrates yet another step forward in Mawson's goal to become the world's biggest carbon neutral Bitcoin miner.
Canaan Deploys 10,300 Mining Machines in Kazakhstan, Expanding its Mining Operations
Canaan announced that it has signed strategic cooperation agreements with a number of crypto mining companies and plans to launch joint mining operations in Kazakhstan.
The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low
Statistics by on-chain metrics provider Santiment show that Bitcoin’s ratio of supply on crypto exchanges hit a six-month low.
The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem
Cryptocurrency being a digital currency, created and managed through the use of advanced encryption techniques known as cryptography has been gradually modifying the world of finance as well as other sectors such as e-commerce and since its creation in 2009.
Riot Blockchain Sees Growth in Q1 2020 Despite COVID-19 Disruption
Riot Blockchain Inc., one of the few listed public cryptocurrency mining companies in the United States on Nasdaq, reported financial results for Q1 of 2020, which ended on March 31. The company has seen a small growth in its earnings per share during this quarter. Riot Blockchain previously changed its name from Bioptix in 2017 after shifting its focus from biotechnology to Bitcoin mining. The company’s share price skyrocketed to a $38 high in late 2017, which then fell to $110 after Riot was accused of misleading investors by capitalizing on public interest in blockchain to drive up its share price. These claims have been dismissed on the basis that it was not proven that the company’s name was changed to drive up the share price.
BTC Mining Report Draws Criticism
The New York Times’ recent report on Bitcoin mining has been criticized by some BTC proponents for cherry-picking data and overstating the fossil fuel use of BTC miners. They also point out the increasing use of sustainable energy in the sector. Despite the debate on energy consumption, Bitcoin mining remains significant for blockchain security and decentralization.
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.
What is Helium Mining?
Helium mining involves using hotspots to provide wireless connectivity for IoT devices, earning HNT tokens. It's part of the decentralized Helium Network, with various hotspot types and considerations for optimization.
Bitcoin Mining Difficulty Spikes 13.55%, Reaches New ATH of 35.6 Trillion Hashes
Mining difficulty has reached a new all-time record, indicating that more miners are participating in the network.
CleanSpark Orders Purchases of New Bitcoin Mining Rigs to Survive Bear Market
Despite the current crypto bear market, CleanSpark is trying to become one of the experienced miners to capture the bulk of the market share.
Russia Might Resort to Bitcoin Mining as Sanctions Continue to Bite
Based on the ripple effect of sanctions slapped on Russia because of its ongoing invasion of Ukraine, Russia continues to be starving for foreign currency. It might make Bitcoin mining an alternative to bypass sanctions.
KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum
Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.
Long-Term Bitcoin Holder Supply Shock Hits a Record-High, Suggesting Price Could Surge in Months
On-chain analyst Will Clemente believes Bitcoin might witness a significant price appreciation in coming months based on the long-term holder supply shock.
Bitcoin on Showtime: Winklevoss Biographer Writes BTC Mining Plot for Billions
Sunday’s episode of the Showtime series Billions featured a cryptocurrency mining scheme being executed in a prep school.
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
Paraguay is advancing its crypto bill. Though it appears taking clues from its counterpart, El Salvador.
Core Scientific's Bankruptcy Exit: Financial Revival and Operational Expansion
Core Scientific's court-approved bankruptcy plan sets the stage for its Nasdaq relisting, debt restructuring, and operational expansion, aiming to bolster revenue and shareholder value.
Dorsey's Payments Firm Block Starts to Begin Mining Bitcoin
Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide.
Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms expressed its happiness with the progress that it continues to make. The firm achieved record levels of hash rate, revenue, and Bitcoin mined in the first quarter.
Bitcoin Pizza Guy and the Tenth Anniversary of the Most Regrettable Purchase in Human History
On May 22, 2020, the 10th anniversary of Bitcoin Pizza Day will be marked. It is because ten years ago, on this day Laszlo Hanyecz, aka ‘Bitcoin Pizza Guy,’ traded his 10,000 BTC for two Papa John’s Pizzas with eighteen-year-old Jeremy Sturdivant, aka jercos.
Mining firm Compute North Files for Chapter 11 Bankruptcy
Crypto mining firm Compute North has filed for Chapter 11 bankruptcy protection in a federal court as it had been struggling to survive due to the market downturn.
Ethereum’s Top 5 Mining Pools Account for 65.4% of ETH Blocks
Ethereum miners have cashed in the most in the crypto space so far this year, even surpassing Bitcoin miners.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
91% of Bitcoin Mined, Remaining less than 1.9m Units to Issue before 2140
Only 9% of Bitcoin is left to be mined for the next century, according to a data platform from the Clark Moddy Bitcoin's dashboard.
Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business
Digital asset lending firm Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe.
What is Compass Mining?
Compass Mining has emerged as an innovative leader in the cryptocurrency mining service industry, enabling individuals and institutions to participate in Bitcoin mining without the complexity of managing hardware.
US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.
Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem
Cynthia Wu is the Head of Business Development and Sales at Matrixport where she is also focused on building business for Cactus Custody and managing Matrixport’s key investor relations. In this first part of our exclusive interview, Wu shares her insights with Blockchain.News on the state of the Bitcoin mining, the surge in Bitcoin’s Hashrate and the potential impact that the coming Bitcoin halving will have on Bitcoin miners.
Ethereum Miner Balances Hit a 50-Month High as ETH Leads in NFT Sales
Ethereum (ETH) miners have seen their holdings go through the roof to the tune of $1.85 billion.
Bitcoin Mining Are Thriving with Cheap Electricity in Argentina
Bitcoin miners are capitalizing on Argentina’s subsidized electricity. The incentive appears to give international miners a viable alternative. Therefore it attracts them to set up their mining facilities domestically.
Marathon Digital Shares Filing Details of its Purchased Miners and Cost
American Bitcoin mining firm Marathon Digital disclosed that it has ordered a total of 78,000 Antminer S19 XP from Bitmain Technologies in a bid to advance its position as a leading miner in the space.
Bill Gates Denies COVID-19 Vaccine Microchips and Satanic Conspiracy Theories
Bill Gates, Microsoft Founder and billionaire philanthropist, has responded to conspiracy theories that his charity foundation is planning to use the coronavirus vaccine to implant microchips into the global population. The conspiracy itself appears to have started with a patent for a very innovative cryptocurrency mining system filed by Microsoft earlier this year.
Crypto Mining Firm EZ Blockchain Launches Low-Emission Custody Hosting Service
Crypto miner EZ Blockchain will be promoting its low-emission custody all-inclusive hosting service at the Mining Disrupt conference in Miami, July 26-28.
New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done
A new bill could force crypto firms to halt their Bitcoin mining activities in New York state.
Bitcoin Miners Have Transformed to Holders and Buyers Since 2020
Bitcoin miners have emerged as notable holders and buyers in the crypto space, which signifies a behavioral change.
Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product
Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.
Intel Launches Second-Generation Bitcoin Mining Chip ‘Blockscale’
Intel is keen on introducing the most efficient blockchain mining chips that enable more energy efficiency and a lightning-fast mining experience.
Mike Novogratz Considers Galaxy's Helios Purchase "Transformative"
Galaxy Digital Holdings CEO Mike Novogratz dubbed the Helios mining transaction "transformative." Dec. 28 saw the crypto investment firm's $65 million purchase of Argo's main mining plant. Galaxy operates trading, asset management, crypto mining, venture investments, and investment banking.
White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
Regulatory scrutiny increases as crypto mining activities are rising and consuming huge amounts of energy.
Bitcoin Miner Digihost Under Risk of Delisting from Nasdaq
Crypto miner Digihost is under scrutiny and has been threatened with getting delisted by Nasdaq for trading below $1 for 30 consecutive days.
Applied Blockchain Refinances $15M Credit Facility from a North Dakota-based Bank
U.S. bitcoin mining company Applied Blockchain, Inc has announced that it has entered into a credit agreement with a North Dakota-based bank for a $15 million loan that will expand its crypto mining operations to take advantage of opportunities emerging in the current bear market
Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China
The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain's Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies.
Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage
Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.
Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners
The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus.
ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High
Ethereum (ETH) has been undergoing a mass exodus away from crypto exchanges recently, given that its balance dropped to a two-year low.
WEF Promotes Eco-Friendly Crypto Mining Firm Crusoe Energy
The World Economic Forum (WEF) featured a video showcasing Crusoe Energy Systems, a cryptocurrency mining firm that uses waste energy sources to power their modular data centers. Although the video never directly mentions cryptocurrency mining, several crypto industry figures praised Crusoe's efforts in reducing flaring and utilizing stranded energy sources to generate ultra-low-cost computing infrastructure.
Ault Alliance's Sentinum Mined 909 Bitcoins this year
Ault Alliance's subsidiary, Sentinum, mined 909 Bitcoins from Jan to Jul 2023, with 668 in Michigan and 241 via a partnership with Core Scientific.
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital secured another loan deal of $ 100 million to sustain its operations amid the crypto market rout.
Montana Passes Crypto Miner Rights Bill
Montana’s House of Representatives passed Bill number 178, which seeks to enshrine the rights of crypto miners and prohibit local authorities from obstructing crypto mining operations. The bill now awaits Governor Greg Gianforte’s signature to become law. The legislation establishes a “digital asset mining right,” forbids discriminatory electricity rates charged to crypto miners, and removes the authority of local governments to use zoning laws to impede crypto mining activities.
Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin assured its customers that funds are safe and promised to fix the issue amid a bearish market.
ExxonMobil to Mine Bitcoin with Excess Natural Gas
Energy producer giant ExxonMobil has launched a pilot program that will convert this excess natural gas into energy that powers mobile generators that can mine Bitcoin.
Texas Bitcoin Miners Agree to Reduce Power Usage
The crypto miners made the move after ERCOT suggested the need to reduce power consumption.
Bitcoin Miner CleanSpark Announces Second Quarter 2022 Financial Results, Beating Analyst Expectations
CleanSpark announced financial results for the second quarter of 2022, with total revenue for the quarter quadrupling year-on-year to $33.5 million and adjusted earnings before interest, taxes, depreciation (Ebitda) of $22.5 million.
Litecoin Mining Difficulty Hitting A New All-Time High Of 17.99 Million Hashes
Competition among Litecoin miners has reached a new record high as the network’s mining difficulty on Friday hit a new all-time high.
Mining Valuations in Focus: Bitdeer and Sphere 3D Lead November's Stock Insights
The November valuation analysis of Bitcoin mining stocks reveals significant disparities, with Bitdeer undervalued and Marathon overvalued, while Sphere 3D offers a bargain despite limited growth prospects.
Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program
The Tokyo High Court has dismissed the acquittal of a 32-year-old Japanese man who had been let off the hook by the Yokohama District Court in March 2019 after being accused of unlawfully inserting a cryptocurrency mining program dubbed Coinhive.
Four Years Down the Line, Iran's Pilot National CBDC is Ready
The Central Bank of Iran (CBI) is taking its favour for digital innovation to a new level with the possibility of introducing its Central Bank Digital Currency (CBDC) within a short time.
Foundry Ranks as the 2nd Largest BTC Mining Pool Globally
Foundry, an American-based crypto mining pool has climbed up the rankings and is now the second-largest Bitcoin mining pool after AntPool.
Nasdaq-Listed Riot Blockchain Posts a Profitable Third Quarter
Riot Blockchain Inc, one of the few blockchain companies to be listed on the Nasdaq has posted yet a profitable third quarter performance.
Microsoft’s Crypto Patent Fuels Another Right Wing Satanic Conspiracy By Ex-CIA Agent
Ex-CIA agent Kevin Shipp has dragged Microsoft's crypto-mining patent right back into the center of another right-wing conspiracy.
VanEck Launches Mining ETF on List Today
Investment firm VanEck has launched a mining ETF (DAM), which will officially go public on Wednesday.
Riot Platforms Bolsters Hash Rate with a $97.4M Purchase of MicroBT Miners
Riot Platforms invests $97.4 million in state-of-the-art mining hardware from MicroBT to scale up efficiency and capacity at its Rockdale mining facility.
What are the Top 5 Blockchain Market Events to Watch in Q2 2020?
Looking ahead to Q2 2020, what are the top 5 blockchain market events to watch? This article provides a simple guide for you!
Bitcoin Mining Geographical Distribution Shifts as U.S. Becoming the Biggest Beneficiary
BTC mining is becoming more geographically distributed after China's clampdown on Bitcoin mining recently.
Underground Bitcoin Mining Pushes China to 2nd Spot in Terms of Hashrate, Study Reveals
The ban on cryptocurrency mining by the Chinese government has not shelved mining activities in the country.
Bitcoin Flash Crashed to $51K,Triggering a $9.32B Liquidation - What's Next?
After Bitcoin fell below the previous support level of $60,103 yesterday, it plummeted from $60K to around $51K, incurring a loss of around $9,000 in just four hours and creating the largest reversal record since February.
Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout
The hashrate of various Bitcoin (BTC) mining pools dropped based on the blackout experienced in Northwest China, as acknowledged by pseudonymous Chinese journalist Wu Blockchain.
Russian Blanket Crypto Ban May now be Limited to PoW Mining Activities
New reports emerging out of Russia now suggest that the Central Bank of Russia (CBR) is looking to amend its proposed plans to enact a blanket bank on digital currencies
Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network
Elon Musk urges that layer-2 payments Lightning Network is essential to offer the required bandwidth for Bitcoin transactions to solve its scalability problem.
Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.
Why Energy Experts are Watching the Crypto Market Closely
Words like Bitcoin and Oil Market seem to have no correlation between them. However, given the kind of small world we are living in, there's more than meets the eye. Check out this article which explains the perfect correlation between Bitcoin and Oil Market and why energy experts are keeping a close watch on the crypto market.
Riot Blockchain Mined 508 BTCs, Increased 150% in April
The production growth is attributed to Riot Blockchain’s continued investment resources in its plants and advanced mining chips.
Bitcoin Miner Bitfarms Starts Production in Argentina
The new production facility marks Bitfarms’ 10th mining facility and Argentina as the fourth country where the firm conducts its mining activities, besides the U.S., Canada, and Paraguay.
Riot Platforms' Major Expansion: Acquiring 66,560 Bitcoin Mining Rigs from MicroBT
Riot Platforms acquires 66,560 Bitcoin mining rigs from MicroBT, worth $290.5 million, strengthening its position in the cryptocurrency industry, potentially impacting Bitcoin mining dynamics post-halving.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Celsius Mining Sells $1.3M Equipment
Celsius Network's mining division is selling $1.3 million in mining equipment. In July 2022, the firm went insolvent, locking up $4.7 billion in consumer deposits. Core Scientific closed over 37,000 Celsius-owned mining equipment in January.
Crypto Miner Marathon Secures 200MW Energy Capacity from Applied Blockchain
Bitcoin miner Marathon has announced the completion of a deal with Applied Blockchain to secure at least 200 megawatts of energy capacity.
Are Bitcoin Miners The Most Violent People on Earth? Climate Journalist Eric Holthaus Seems to Think So
Eric Holthaus has criticized Bitcoin miners, describing them as violent people.
Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods
Recent China floods did not affect the Bitcoin network hash rate. However, some miners were not spared as they were wiped out.
Legalizing Crypto Payments Will Happen "Sooner or Later": Russia Trade Minister
In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said the move to legalize cryptocurrencies as a means of payment in the country is bound to happen “sooner or later.”
CEO Sues Board Members for Seizing Control of Crypto Miner
Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.
Bitcoin Miners’ Wallet Net Flows Are Increasingly Turning Negative
Bitcoin (BTC) experienced a sharp correction that drove the price to lows of $30k . Some analysts believe that Bitcoin miners have been on the receiving end because the recent market crash slashed their profit margins.
Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North
Compute North, which filed for bankruptcy protection last month, owes as much as $500 million to at least 200 creditors. Now the crypto miner got over $80 million in funding from Marathon Digital Holdings Inc.
Compass Mining to Cut Salaries, Spending and 15% Staff
Compass Mining said that the Bitcoin mining company is cutting salaries, spending and 15% of its team.
The First Crypto Miner ETF Unveils in Australia
Australian Bitcoin miner Iris Energy applies for IPO on the Nasdaq. The stock code is "IREN". Reportedly, $100 million has been raised.
Ethereum’s Open Interest Surges to Historic Highs of $13B
Ethereum's open interest has been rising in tandem with the price based on their strong correlation.
Core Scientific Offloads 7,202 BTC Worth $167m in June
American Nasdaq-listed cryptocurrency mining firm Core Scientific sold as much as 7,202 Bitcoin units in June, worth approximately $167 million at an average price of $23,000.
Iris Energy to Triple Mining Capacity With Thousands of New Rigs
Iris Energy will triple its crypto mining capacity with 44,000 ASIC machines.
A cryptocurrency mining rights bill prohibit the discrimination of crypto
The Montana Senate approved a law to protect cryptocurrency miners from discrimination.
Russia Mulling Crypto for Cross-Border Payments
Russia is reportedly mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for its invasion of Ukraine
Bitcoin Miner Core Scientific Secures $100m Financing amid Bear Market
Core Scientific plans to use the financing to boost its liquidity. Many mining companies face an uphill struggle in the crypto bear market.
Bitcoin Miner Crusoe Energy Acquires its Big Rival Great American Mining
The acquisition has brought companies with complementary capabilities, assets, and customer relationships to make Crusoe a big Bitcoin mining firm in the US.
Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions
Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.
Iris Energy Bitcoin Mining Firm Files for Direct Listing on US Nasdaq
Australia’s Bitcoin mining firm has filed to go public through a direct listing on the US Nasdaq stock exchange.
Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers
A former employee of an Australian federal agency avoided prison despite mining cryptocurrency on government supercomputers.
Gold Guaranteed Coin Mining Introduces Tokenised Gold Investment
Gold Guaranteed Coin Mining has launched the Gold Guaranteed Coin (GGCM), which uses blockchain technology to digitally store physical gold.
Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.
Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd
The planned acquisition would be another major step forward for Bit Origin Limited to accelerate its efforts into the crypto mining business.
Indonesian Police Raid Bitcoin Mining Operations Over $1 Million Electricity Theft
Indonesian police have closed 10 illegal Bitcoin mining operations, detained 26 individuals, and confiscated over 1,300 mining rigs, stealing nearly $1 million worth of electricity.
Nvidia Agrees to Pay $5.5 Million to SEC Fine for Failure to Crypto Mining Disclosures
The SEC said it found that Nvidia misled investors in 2017 and 2018 on how cryptocurrency contributed to the profits in its gaming business.
Kyrgyzstan Shuts Down Over 500 Illegal Crypto Miners
Kyrgyzstan has moved to stem the rise of illegal crypto mining activities in the country by disrupting the activities of a network of unauthorized operators.
Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft
Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.
What Happens When the Bitcoin Blockchain Produces an Empty Block
Accept the oddities: Bitcoin's blockchain has more empty blocks than intended.
NASDAQ Listed MIGI Boosts Bitcoin Self-Mining in July 2023 Operational Update
Mawson Infrastructure Group, a leading digital infrastructure and Bitcoin mining company, reported a 23% month-on-month increase in its "Total Revenue Equivalent in BTC" to 163. The company's operational capacity was 96 Megawatts, supporting 27,636 Bitcoin miners. Mawson is exploring expansion opportunities in PJM energy markets and securing strategic sites for long-term digital infrastructure.
Kazakhstan plans to reduce tax fraud and unlawful business operations
The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024.
Why Cryptocurrency Massive Energy Consumption Is Extravagant?
Overblown bitcoin energy consumption is leaving an adverse impact on environmental sustainability and different opinions exist of bitcoin miner experts regarding this major concern.
China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining
Guangdong regulators have revamped a new mechanism for investigations and confiscations of crypto mining activities.
Hive Blockchain Says Produced 278.5 BTC and 2,542 ETH in June
Hive Blockchain stated that it currently holds 3,239 bitcoin (BTC) and 7,667 Ethereum (ETH), after producing 278.5 BTC and 2,542 ETH in June.
The City of Mobile in Alabama State Launches Bitcoin Mining Project
Mobile city in the US has established a partnership with Distributed Ledger, Inc. (DLI) to develop sustainable Bitcoin mining projects.
Ethereum Classic Hash Rate Surges 200% Ahead of Ethereum Merge
Ethereum Classic’s hash rate has risen from 30 TH/s to 64 TH/s in the last 30 days. The surge indicates an increased mining activity on the Ethereum Classic network.
New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns
New York Senators are seeking a new law that clamps down on coal-powered mining while giving exceptions to green energy-powered Bitcoin mining.
Core Scientific and Celsius Mining Settle Litigation with Texas Data Center Purchase Agreement
Core Scientific has agreed to sell its Cedarvale Bitcoin mining site in Texas to Celsius Mining LLC for $14 million. The deal will settle ongoing litigation and allow Celsius to expand its Texas data centers. The Cedarvale site, valued at $45 million, will be overseen by US Bitcoin Corp. The transaction is not impacting Core Scientific's mining fleet.
Kazakhstan Energy Ministry Cracks Down on Illegal PoW Mining
The Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of the Republic of Kazakhstan has taken a more aggressive approach to curb PoW mining in the country.
Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M
CleanSpark made the acquisitions to expand its operating presence while maintaining cost-effective production rates.
Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megawatts (MW) of energy capacity for its TIER 0™ data center in Granbury, Texas.
US Authorities Uncover Chinese-linked Bitcoin Mining Operations
US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.
World Economic Forum Partners with Mining Companies to Design Blockchain Solutions
According to a Medium post released on Oct. 25, seven major mining and metals companies have decided to partner with World Economic Forum (WEF) to experiment, design, deploy blockchain solutions and sustainably maximize blockchain sourcing of raw materials.
Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv
According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia's security department, in conjunction with law enforcement officials.
Luna Trading Draws Online Discussions in China Despite Crypto Ban
Despite being banned in China, cryptocurrency is gaining attraction in the country as the value of some of the world’s most prevailing digital currencies and Non-fungible tokens (NFTs) has increased.
Aave Announces the Launch of Its V2 Liquidity Mining Program
Aave announced the launch of the V2 liquidity mining (LM) program, which will operate for three months for analysis and end on July 15.
U.S. sanctions: Customers suing Compass Mining
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.
Bitcoin Mining Difficulty Hits a 7-Year High
Bitcoin Mining Difficulty hit a 7-year high recently.
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis
Malaysian police recently arrested five cryptocurrency mining operators that were caught stealing electricity from a state-owned power company, Sarawak Energy Berhad (SEB).
Crypto Trading Volumes in Exchanges Sank by Over 40% in June
The ripple effect of the recent crypto market crash continued to be felt as trading volumes at major exchanges nosedived by more than 40% in June.
U.S. Department of Energy Halts Bitcoin Mining Survey Amid Legal Pushback
The DOE's emergency Bitcoin mining survey is withdrawn following legal challenges from Riot Platforms and the Texas Blockchain Council.
Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
CleanSpark continues to pursue growth in a sector ripe for mergers and acquisitions amid a bear market.
Elon Musk’s Concerns Over Bitcoin's Energy Consumption Are Misguided, Says Ark Invest
Ark Investment Management company has commented on Elon Musk’s concerns over Bitcoin mining's impact on the environment.
Core Scientific to Pay Outstanding Debt with Mining Machines
In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.
Crypto Miner EZ Blockchain Expands Mining Rigs to 16 MWs in Georgia State
Crypto mining company EZ Blockchain plans to expand its mining rigs to 16 megawatts using Georgia's underutilized power resources.
Kyrgyzstan Government Increases Electricity Tariff for Crypto Miners
Kyrgyz authorities have hiked the electricity tariff for crypto miners. The increment comes after the cryptocurrency mining sector is seen as one of the major consumers of power in the country.
Bitcoin Trading Should Be Banned by Central Banks, Says Former British Member of Parliament
Former Member of the British Parliament Nick Boles appears to disfavour Bitcoin, saying that the central banks should monitor the cryptocurrency’s trades.
El Salvador Takes First Steps Towards Bitcoin Mining Using Volcanoes
Nayib Bukele, the president of El Salvador, has announced the first steps that the country has taken to enable volcanoes to mine Bitcoin.
Leading Chinese Filecoin Miner Maker IPFSMain Suspends All Products
One of the leading Chinese Filecoin mining machine providers, IPFSMain has suspended sales of all products.
Russia Gives Tax Incentives to Crypto Miners
Russia offers tax benefits for crypto mining investors during tough times.
Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021
Greenidge Generation Holdings Inc. plans to offset all carbon emissions from its Bitcoin mining facility, starting June 1st, 2021.
Bitcoin’s Hashrate Rebounding after Engaging a 50% Drop
Bitcoin’s hashrate seems to be on an upward trajectory after nosediving by 50% amid an intensified crackdown on crypto mining by Chinese authorities.
CleanSpark Purchases Over 1000 Mining Rigs to Strengthen Productivity
Nevada-based bitcoin mining company CleanSpark, Inc announced that it has acquired 1,061 Whatsminer M30S rigs at a steep discount, expanding its infrastructures to mine more Bitcoins.
Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms
Power plants in Iran are considering supplying surplus electricity to Bitcoin and cryptocurrency mining farms in the nation.
Bitcoin Mining in China Dropped before the Latest Crackdown
New research conducted by the Cambridge Centre for Alternative Finance (CCAF) shows that Bitcoin mining in China has already nosediving even before the government started cracking the whip on crypto mining in May.
Kazakhstan Intends to Attract Over $738 Million in Crypto Investments in Next Three Years
The government of Kazakhstan is making plans to attract $738 million in investments related to cryptocurrencies and digital mining activities set up with the nation over the next three years.
Dual Miners Launches Dual Miners with SHA-256 and Scrypt
Chip design and the manufacturing company Dual Miners announced the launch of SHA-256 and Scrypt, as the first dual-mining machine hardware equipment worldwide, which is expected to be more energy efficient than other algorithms.
Virginia Proposes Regulatory Framework for Digital Asset Mining and Transactions
Virginia Senate Bill No. 339, introduced by Senator Salim, aims to regulate digital asset mining and transactions, exempting businesses from certain licenses and providing tax benefits for digital asset exchanges.
Japan's Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia
Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia.
CleanSpark Buys 20000 New Bitcoin Miners to Boost
CleanSpark bought 20,000 Antminer S19j Pro+ devices for $32.3 million to increase its mining capacity.
Largest U.S. Public Pension Fund Holds Over 100,000 Shares in Bitcoin Miner RIOT Blockchain
The largest U.S. public pension fund, CalPERS increased its stake in RIOT Blockchain (RIOT), a Bitcoin mining firm, during Bitcoin’s sensational price surge at the end of 2020.
Marathon Digital Releases Q1Result, Generating 1,259 BTC with YoY Increase of 556%
Marathon Digital Holdings, Inc, one of the largest bitcoin mining companies in North America, announced that its bitcoin production output increased by 556% year-over-year to 1,259 BTC for the first quarter of 2022.
The Bitcoin mining community has experienced a 50% increase in revenue through mining
Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.
Riot Acquires Next-Gen Miners from MicroBT, Boosting Mining Capacity
Riot has made a groundbreaking move by entering into a long-term purchase agreement with MicroBT. This landmark deal involves the acquisition of 33,280 state-of-the-art Bitcoin miners manufactured in the United States by MicroBT.
Bitcoin Mining Revenue Reaches a 2020 Yearly High of $21 Million per Day
Bitcoin (BTC) mining revenue has hit a new 2020 record, with $21 million per day earned on November 18.
Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from Bitmain for $48M
The bitcoin mining company Gryphon Digital Mining announced that it has purchased 7,200 S19J Pro ant mining machines manufactured by bitcoin mining machine manufacturer Bitmain Technology Co., Ltd for $48 million.
BTC Miner Bitfarms' Energy Capacity Touches 21% in July
Bitfarms' increase in energy capacity reached 166 megawatts following the firm's completion of the second phase of construction at a location in Canada.
Hypervine Pilots Blockchain-Enabled Satellite Data Project to Curb Climate Impact of Mining Sector
Hypervine, a blockchain construction company based in Glasgow, Scotland, has revealed the kicking off of a blockchain-powered project that will utilize satellite data to boost efficiency in the mining industry. Expressly, it will be funded by the European Space Agency (ESA).
Bitcoin Mining Difficulty Hits One Month High
The Bitcoin mining difficulty has increased for the third time in a row, reducing miners profitability.
European Crypto Miners Share Insights About Their Local Mining Industry
dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.
China's CCP Official Expelled for Violation Crypto Mining Ban Provisions
A former member of the Chinese Communist Party’s (CCP) advisory body has been expelled from the party in what appears to be the first full-blown sanction of an official who has touched Beijing’s nerve against cryptocurrency mining.
Bitcoin Miners from Inner Mongolia and Sichuan Are Selling BTC Mining Tools
As the plans to clamp down on Bitcoin mining dawns in China, many miners in the mainland are listing their hardware for sale.
Energy Crisis Is Forcing Cryptocurrency Mining Companies Out of Kazakhstan
Kazakhstan recently welcomed the Bitcoin miners from China. But now lack of adequate electricity supply is causing some mining farms to relocate elsewhere.
Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan
Bitcoin mining giant Bitmain, continues to grow despite the public feud of its co-founders Jihan Wu and MicreeKetuan Zhan dominating the news over the last year.
Bitcoin Mining Hits Record High
Bitcoin’s mining hash rate hit a record 544 EH/s on Dec. 25, but miners face challenges with profitability slumping despite a 150% price surge in 2023.
US National Lab Computer Scientists Deploy Artificial Intelligence (AI) to Thwart Illegal Crypto Mining
Los Alamos National Laboratory has created an artificial intelligence (AI) system capable of identifying malicious codes that mine cryptos such as Bitcoin.
Publicly Listed Bitcoin Mining Companies Show Steady Increase in Hash Rate
Bitcoin mining firms produced more BTC and hashrate in January than December.
PowerGhost: The Mining Malware to Watch in 2020
In Part 3 of the interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared with us the state of cryptocurrency mining malware and he believed we should watch out for Powerghost in 2020! Yeo also explained the cybersecurity solutions of Kaspersky on quantum computing.
Marathon Digital to Raise $500M in Convertible Senior Notes
Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company has announced its plans to raise half a billion dollars as a debt offering via convertible senior notes.
Sphere 3D Sues Gryphon Digital Mining Over Alleged Spoofing Attack
Sphere 3D has filed a lawsuit against Gryphon Digital Mining over an alleged spoofing attack that resulted in the irregular transfer of Bitcoin. Gryphon's CEO allegedly wired 18 BTC in January to a fraudster posing as Sphere 3D's chief financial officer through a spoofing attack.
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake
Greenidge Bitcoin mining firm has been denied air permit by the regulator in a move that could lead to the retrenching of hundreds of workers in the crypto mining sector.
Marathon Digital Shares Soars to 6-Month High Drawing on Sustained BTC Mining Operations
The shares of Nasdaq-listed American blockchain mining firm Marathon Digital have printed its highest price record in 6 months as the firm unveiled its Bitcoin mining performance of October.
El Salvador President Proposes Volcanic-Powered Bitcoin Mining System
El Salvador is considering building a Bitcoin mining hub around its volcanoes.
Bitcoin Mining Firm PrimeBlock Looks to Go Public Via $1.5B SPAC Merger
PrimeBlock is the latest Bitcoin mining company to announce plans to list its shares on a US public stock market through a merger with 10X Capital Venture Acquisition Corp II.
Bitcoin Falls to $60K amid a Sharp Drop in Hash Rate and Turkey's Crypto Payment Ban
Bitcoin fell below the $61K level for the first time today due to the decline in hash power of Chinese mining pools and the ban on cryptocurrency for the purchase of goods and services proposed by the Turkish government.
Crypto Market Capitalization Inches Closer to $3 Trillion
The cryptocurrency market capitalization is a stone’s throw away from the $3 trillion mark as it stands at $2.96 trillion.
Celsius to Transition to Mining-Only NewCo following Bankruptcy Court's Confirmation of Plan
Celsius Network, following bankruptcy court approval, is transitioning to a Bitcoin mining-focused entity to address regulatory challenges from the SEC.
Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
Due to dropping income and BTC prices, Core Scientific filed for Chapter 11 bankruptcy in Texas. In July 2021, the company was valued at $4.3 billion. Due to a lengthy bear market, Core Scientific sold 9,618 BTC in April to continue functioning. Microsoft has banned cloud customers from mining cryptocurrency to improve service reliability.
Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain
Jihan Wu has regained his status as legal representative and executive director of Bitmain stripping Micree Zhan of broad controlling powers.
Amun AG, on 7 Unique Metrics of Bitcoin Valuation
We have exclusively spoken with Lanre Jonathan Ige, Researcher of Amun AG on the limitations of traditional valuation approach and some unique metrics for Bitcoin valuation.
Bitfarms Achieves Milestone with 446 BTC Mined in December 2023, Marking Significant Growth
In December 2023, Bitfarms reported a productive month with 446 BTC mined, $18.9M in revenue from BTC sales, and a $84M year-end cash reserve.
Coinbase Addresses Zcash Mining Centralization Concerns
Coinbase's Blockchain Security Team has identified a 51% control over the Zcash network's computational power by a single mining pool, ViaBTC. This raises concerns about security vulnerabilities, such as double-spend attacks and censoring transactions. To address this, Coinbase increased the Zcash confirmation requirement to 110 blocks, transitioned its trading markets to a limit-only state, and engaged with stakeholders.
Tether's Development Team Nears Completion of Advanced Mining Libraries
Tether's dev team is nearing completion of JavaScript libraries for mining, utilizing Holepunch.to technology. CTO Paolo Ardoino announced the development on Aug 5, 2023.
Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion
HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name "HIVE Digital Technologies Ltd." This rebranding initiative is designed to mirror the company's progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia's superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).
Mining company Argo Blockchain to Launch Flagship Mining Facility in Texas
The London-listed Bitcoin mining company Argo Blockchain will officially launch its flagship mining facility Helios in Texas next week.
Latvian National Extradited to the U.S for Crypto and Wire Fraud
Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.
Bitcoin Network Mining Difficulty Nears ATH as Institutional Investors Dismiss BTC Price Volatility
Bitcoin’s network mining difficulty has risen by 8.9 percent today, and is now only 4.4 percent below its all-time high.
China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues
Bitmain, one of the largest mining equipment makers globally, has reported revenues of $300 million thus far in 2020. While its business has faced turmoil in recent times, the core strategy continues to reap benefits.
Ripple (XRP) CEO on How China Is Controlling Bitcoin and Will Potentially Dominate All Cryptocurrencies
Ripple CEO Brad Garlinghouse explained why the majority of Bitcoin (BTC) was controlled by China, as he discussed the country's role in the blockchain sector.
Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms
Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.
Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.
Georgia State Becomes next Mining Hub, Bitcoin Miners Enjoy its Green Energy
The exodus of crypto mining operations out of China massively has become a blessing in disguise to the United States, given that it now takes the lion’s share.
Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan
American Bitcoin mining firm Genesis Digital Assets is purchasing additional 20,000 units of bitcoin ASIC miners from China’s Bitcoin mining hardware manufacturer Canaan Creative. The purchase will help Genesis to scale up its mining operations.
Bitcoin Mining Firm Blockmetrix Bags $43 Million Fundraising
The latest financing adds on top of the previous series A funding round that Blockmetrix raised in June last year.
Crypto Mining May be Sacrificed as EU Continues to Battle Energy Crisis
With the energy crisis in the EU, member countries may be mandated to halt crypto-mining activities
Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet
Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.
British Columbia Court Upholds Government's Temporary Ban on Cryptocurrency Mining Electricity Supply
British Columbia's Supreme Court upheld a temporary suspension of electricity supply to new cryptocurrency mining operations, emphasizing the government's role in balancing energy demands with sustainability goals.
Compass Mining CEO And CFO Abruptly Resign, Company Faces Business Struggles
The CEO and CFO of Compass Mining firm have left their job positions at a time when the firm is experiencing challenges to maintain its operations. The miner has appointed interim officials to take over.
Crypto Mining Hive Signed a $66 million GPU Subscription Agreement with Nvidia
Hive Blockchain Technologies Ltd signed a Graphics Processing Unit (GPU) procurement contract worth $66 million with a top-notch GPU inventor Nvidia Thursday. The announcement has come officially to join the Nvidia Partner Network (NPN) cloud service provider plan.
IBC Group Terminates BTC & ETH Mining Operations in China
IBC Group announced to terminate their crypto mining operation and facilities across China in response to the recent clampdown from the Chinese authorities.
Norway's Second-Richest Man Pumps $60M into Bitcoin and Establishes a Crypto Company
Norway's Kjell Inge Røkkes Aker has launched a crypto company Seetee and invested $60 million into Bitcoin.
Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining
The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.
Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT
Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.
Bitcoin Addresses Holding for More Than a Year Hit an ATH with 10.15 Million BTC
Long-term Bitcoin holders' accumulation continues to break the record.
Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders
North American publicly traded cryptocurrency mining company Hut 8 Mining Corp has announced its July 2022 operational update.
Compass Mining Publishes Guidelines for Mining Cryptocurrencies at Home
Compass Mining, an American Bitcoin mining company, has published a guideline that will help retail individual miners to set up their mining rigs at home.
Bitcoin Mining Simulators VS Crypto Faucets – Who wins?
Compare Bitcoin faucets vs crypto mining simulator games in search of the best way to get free bitcoins and the most fun!
DMG Blockchain Solutions Quarterly Revenue Leaps $14.2m, up 639% Year-over-Year
Blockchain and crypto company DMG Blockchain Solutions announced record revenue of $14.2 million in the first quarter of 2022, up 639% year-over-year.
FTX’s Sam Bankman-Fried Eyes Bailing Out Jittered Crypto Miners After Inking BlockFi Deal
Sam Bankman-Fried, the CEO and founder of crypto exchange FTX, revealed that he was looking at the option of making acquisitions in the limping crypto mining sector
Bitcoin Network Difficulty Level Attains New ATH of 29.794T
The Bitcoin network has grown in difficulty yet again as it recorded a new All-Time High (ATH) of 29.794T.
China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals
An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map is the first-of-its-kind effort in visualizing hash power data by geography.
Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
A solo Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain, earning a block reward of 6.25 BTC worth over $150,000. The miner was able to produce a valid hash after just two days of mining, a rare occurrence that typically takes solo miners months to achieve. The miner may have rented hashing power to produce the output hash, and they used the Solo CK Pool mining service to create a solo mining pool.
Aspen Creek Launches First Solar-Powered Bitcoin Mining Facility in Colorado
Aspen Creek said it was formed with a simple premise to develop a sustainable source of renewable energy to power its operations and put renewables back on the grid.
Riot Blockchain Yearly Bitcoin Production Increases by 236%, Accumulates $194M in BTC
NASDAQ-listed blockchain mining company Riot Blockchain announced the production capacity of BTC in September has increased by about 346% year-on-year to 406 BTC.
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.
Bitfury Floats 28MW Bitcoin Mining Farm in Canada
Amsterdam-based Bitcoin mining company, Bitfury, has announced the launch of a new data centre in Sarnia, Ontario.
Mississippi State Senate Passes Bill to Protect Crypto Miners
The Mississippi state senate approved a law to shield the bitcoin mining business from unfair "regulatory hurdles."
Cost of Producing Bitcoin Dropped to around $13,000, says JPMorgan
The cost of producing Bitcoin has gone negative as it dropped from about $24,000 at the start of June to around $13,000 currently, according to JPMorgan Chase & Co.
Ethereum Revamps Website And Transitions to Staking with Latest Testnet Release
Ethereum Foundation is transforming their website and adding new designs to ethereum.org to deliver a more user-friendly and educational experience for the Ethereum community.
Bitcoin Mining Might Become More Easier and Lucrative Following China’s Crackdown
While Chinese authorities were intensifying the Bitcoin (BTC) mining crackdown, some crypto experts believe this might be a blessing in disguise to this sector.
Publicly-Traded Bitcoin Miners’ Accumulation Goes a Notch Higher
As Bitcoin (BTC) surpassed the $55K level for the first time since May, publicly-traded miners have been cashing in as they have been in an accumulation stage.
Belarus President Alexandra Lukashenko Urges His Citizens to Embrace Bitcoin Mining
The president of Belarus, Alexandra Lukashenko, is urging his citizens to take advantage of cheap electricity in the country to do crypto mining instead of seeking jobs abroad.
May 13: ALT Coins Give You Wings
Trade Strategy: Similar to yesterday. I've closed my long volatility trades, and will start to sell some volatility here and whenever it spikes. While implied volatility has sharply declined from 100% to 80% since Sunday, the longer-term average before the 12 March crash is around 55-60% so there's still juice to be short vol.
Ethereum Miners Revenue Percentage Reaches Monthly Low
The percentage of miner revenue from fees on the ETH network reached a monthly low of 36.145%.
Square Considering to Build Bitcoin Mining System: Jack Dorsey
Square Inc has more ambitions with Bitcoin cryptocurrency. Jack Dorsey, Square CEO, has revealed that the payment firm is intending to build a Bitcoin mining system.
Mining Capital Coin CEO Indicted for Masterminding $62M Crypto Ponzi Scheme
Mining Capital Coin CEO Luiz Capuci Jr is indicted Friday for orchestrating a scam that defrauded investors around the world of about $62 million, according to the U.S. Department of Justice
Marathon Digital Overclocks To Get An Edge
North America's biggest Bitcoin mining business is overclocking its machines. Overclocking increases a computer's CPU clock speed above its manufacturer's limit. Marathon Digital mined 4,144 BTC in 2022, including 475 in December.