MINING
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.
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.
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.
Crypto Miners in Texas Halted Due to Extreme Heat
Many crypto miners have shut down operations due to a heatwave in Texas.
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.
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.
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.
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.
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 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.
