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North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance

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.

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan

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.

UK’s Argo Crypto Mining Firm Begins Paying CEO in Bitcoin

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.

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

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.

BlockFi to Sell $160 Million in Bitcoin Mining Machine

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

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.

Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode

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

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

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 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.

Russia's Apex Bank Grants DFA License to Atomyze, the Nation's First

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.

Tether's Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks

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.

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

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.

Core Scientific to Present at 19th Annual Needham Tech & Media Conference

Core Scientific to Present at 19th Annual Needham Tech & Media Conference

Core Scientific's CEO, Adam Sullivan, is set to present at the 19th Annual Needham Technology, Media, & Consumer Conference.

Marathon Digital Holdings Reports Lower Bitcoin Production in February Due to Maintenance Issues

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.

Bitcoin Ordinals Create Stir Within Crypto Community

Bitcoin Ordinals Create Stir Within Crypto Community

Luxor CEO Nick Hansen stated Bitcoin Ordinals might produce "synergies" between the mining pool and OridinalHub.

Paolo Ardoino: Tether Tests New Bitcoin Mining Platform, Moria, with Enhanced Software Control

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.

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining

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

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’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover

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%.

Arkansas passes Bitcoin mining regulation bill

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.

Bhutan Embraces Bitcoin Mining with Green Energy

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

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.

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.

American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses

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.

Bitfarms Settles Debt with BlockFi

Bitfarms Settles Debt with BlockFi

Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves

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.

Ameren Energy Corp Unveils its Secret Bitcoin Mining Operations

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.

CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million

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.

Russian Official Advocates Legalization of Bitcoin Mining

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 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.

Retail Momentum on the Bitcoin Network Slows Down by BTC’s Sinking Social Sentiment

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.

Marathon Digital reports a 229% revenue increase in 2023

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.

Michael Saylor Defends BTC Mining Council Embraces Decentralization

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.

Core Scientific seeks to sell $6.6 million in Bitmain coupons

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.

Hut 8 Mining Company to Merge with US Bitcoin

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

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.

Bitcoin's Average Block Size Hits All-Time Highs

Bitcoin's Average Block Size Hits All-Time Highs

The average Bitcoin block size has reached record highs after Bitcoin NFT Ordinals protocol launched.

Core Scientific to Host CoreWeave's AI and HPC Workloads in $100M+ Deal

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.

Analysis of Dominance and Dynamics of Bitcoin Mining in 2023

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.

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

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.

Core Scientific Sold 1,975 Bitcoins More That It Mined in July

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 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.

Block's 5nm Bitcoin Mining Chip Prototype

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.

Bitcoin Miner Iris Energy Inks $100M Deal as it Contemplates M&A

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

Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery

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.

UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility

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.

Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price

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.

The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low

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.

Greenidge Reduces Debt with NYDIG

Greenidge Reduces Debt with NYDIG

Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.

CleanSpark Orders Purchases of New Bitcoin Mining Rigs to Survive Bear Market

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.

Long-Term Bitcoin Holder Supply Shock Hits a Record-High, Suggesting Price Could Surge in Months

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.

Core Scientific's Bankruptcy Exit: Financial Revival and Operational Expansion

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.

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

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.

Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business

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.

Bitcoin Mining Are Thriving with Cheap Electricity in Argentina

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.

New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done

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.

Ault Alliance's Sentinum Mined 909 Bitcoins this year

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 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.

ExxonMobil to Mine Bitcoin with Excess Natural Gas

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.

Riot Platforms Bolsters Hash Rate with a $97.4M Purchase of MicroBT Miners

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.

Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

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.

Why Energy Experts are Watching the Crypto Market Closely

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.

New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis

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.

Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods

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

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

CEO Sues Board Members for Seizing Control of Crypto Miner

Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.

Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North

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.

Iris Energy to Triple Mining Capacity With Thousands of New Rigs

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

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 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

Iris Energy Bitcoin Mining Firm Files for Direct Listing on US Nasdaq

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.

Indonesian Police Raid Bitcoin Mining Operations Over $1 Million Electricity Theft

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.

What Happens When the Bitcoin Blockchain Produces an Empty Block

What Happens When the Bitcoin Blockchain Produces an Empty Block

Accept the oddities: Bitcoin's blockchain has more empty blocks than intended.

Kazakhstan plans to reduce tax fraud and unlawful business operations

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.

Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M

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.

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

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.

Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining

Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining

Grayscale parent company DCG has announced its entry into Bitcoin mining.

U.S. sanctions: Customers suing Compass Mining

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 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 Corporation Ramps Up Fight Against Power Supplier

Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.

U.S. Department of Energy Halts Bitcoin Mining Survey Amid Legal Pushback

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.

Elon Musk’s Concerns Over Bitcoin's Energy Consumption Are Misguided, Says Ark Invest

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

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.

Russia Gives Tax Incentives to Crypto Miners

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 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 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 Buys 20000 New Bitcoin Miners to Boost

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.

The Bitcoin mining community has experienced a 50% increase in revenue through mining

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 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 Miners from Inner Mongolia and Sichuan Are Selling BTC Mining Tools

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.

Bitcoin Mining Hits Record High

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.

Publicly Listed Bitcoin Mining Companies Show Steady Increase in Hash Rate

Publicly Listed Bitcoin Mining Companies Show Steady Increase in Hash Rate

Bitcoin mining firms produced more BTC and hashrate in January than December.

Marathon Digital to Raise $500M in Convertible Senior Notes

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.

New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

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.

Celsius to Transition to Mining-Only NewCo following Bankruptcy Court's Confirmation of Plan

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.

Bitfarms Achieves Milestone with 446 BTC Mined in December 2023, Marking Significant Growth

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.

Bitcoin Network Mining Difficulty Nears ATH as Institutional Investors Dismiss BTC Price Volatility

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.

Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms

Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms

Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.

Bitcoin Mining Firm Blockmetrix Bags $43 Million Fundraising

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

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

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

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.

FTX’s Sam Bankman-Fried Eyes Bailing Out Jittered Crypto Miners After Inking BlockFi Deal

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

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.

Aspen Creek Launches First Solar-Powered Bitcoin Mining Facility in Colorado

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.

Allegations of fraud against Compass Mining after company cuts ties with Russian

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.

Mississippi State Senate Passes Bill to Protect Crypto Miners

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."

Bitcoin Mining Might Become More Easier and Lucrative Following China’s Crackdown

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.

World's Second Largest Bitcoin Mining Company Raises $90M in US IPO

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).

Bitcoin Mining Revenue Reaches a 2020 Yearly High of $21 Million per Day

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.

Chinese Bitcoin Mining Giant Canaan Files for $400m US IPO

Chinese Bitcoin Mining Giant Canaan Files for $400m US IPO

One of China’s largest bitcoin mining hardware makers, Canaan Creative, publicly filed for a U.S. IPO on Monday, The Block Reports.

Ethereum Mining Difficulty Has Reached an ATH

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.

Bitcoin Experiences the Second-Largest Drop in Mining Difficulty in History

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.

Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

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.

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

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.

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