8 / 36 Relevant items tagged with #BitcoinMining

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Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor

[Aug 8 9:36 PM] Ionic Digital's CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.

Russia legalizes Bitcoin and cryptocurrency mining

[Aug 8 7:17 PM] Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system.

Miner profitability falls to record lows — Blocksbridge

[Aug 8 5:31 PM] Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.

Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss

[Aug 7 11:20 AM] According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of…

Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden

[Aug 6 7:12 PM] Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter…

Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract

[Aug 6 5:01 PM] The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years.

World’s largest Bitcoin miner increased BTC holdings by $124M in July

[Aug 6 1:57 PM] Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full “HODL.”

Bitcoin Mining Was Never Banned In China

[Aug 5 6:29 PM] An extraordinary reveal: Mining was never banned in China.Yes, you read that right. In fact, not only was it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining.But what of this Reuters report and others that…

Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year

[Aug 3 2:10 PM] In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a…

Mining company CleanSpark sold only 2.54 Bitcoin in July

[Aug 2 5:23 PM] CleanSpark announced it had increased its treasury holdings by 567% when compared to the same period last year.

Bitcoin network difficulty breaks 3-month downtrend to mark new ATH

[Aug 2 11:12 AM] Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.

Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate

[Aug 2 8:19 AM] Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.

Bitcoin Miner Cleanspark Acquires Wyoming Mining Site

[Aug 2 3:30 AM] Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity…

Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates

[Aug 1 9:13 PM] The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.

CleanSpark's mining expansion continues with Wyoming facilities

[Aug 1 6:17 PM] The US miner is now the second-largest by market cap, after flipping Riot Platforms.

Bitcoin Hashrate Hits All-Time High as Trump Vows to Boost Industry

[Aug 1 9:56 AM] According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657 EH/s set…

Bitcoin Miner Riot Platforms' Second-Quarter Loss Widens to $84.4M as Costs Surge

[Aug 1 9:55 AM] The company's loss per share doubled to $0.32.

Bitcoin's Future Could be Tied to the Outcome of the U.S. Election: Jefferies

[Jul 30 9:12 AM] Trump’s policy shift towards crypto is very recent, but it may impact the price of bitcoin in the near term depending on who wins the U.S. election in November, the report said.

What happens when 1% of Bitcoin holders control 99% of BTC supply?

[Jul 29 1:00 PM] Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply.

190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024

[Jul 28 12:10 PM] At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s)…

This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC

[Jul 27 11:00 AM] Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTC’s previous price drops, underscoring the mining giant’s confidence in the long term potential…

No BTC strategic reserve announcement from Sen. Lummis—Bitcoin 2024

[Jul 26 3:30 PM] Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden's proposed 30% tax.

Bitcoin mining will thrive under a Trump administration — MARA CEO

[Jul 26 12:18 PM] Marathon CEO Fred Thiel said he would not comment on Harris’ policies because they are still unknown at this time.

Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil

[Jul 25 10:30 PM] Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing…

Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition

[Jul 25 6:30 PM] Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin.  This significant purchase, detailed in a recent company statement, has increased…

Auradine Ships 3nm Teraflux Bitcoin Mining Platform

[Jul 25 10:45 AM] Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer (nm) silicon application-specific integrated circuit (ASIC) technology, set new standards in performance…

Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein

[Jul 25 10:03 AM] Investors can benefit by valuing miners’ assets as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.

World’s largest BTC miner Marathon buys $100M BTC to go 'full hodl'

[Jul 25 7:04 AM] Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.

Bitcoin Miner Marathon Buys $100M BTC, Will Once Again Adopt 'Full HODL' Strategy

[Jul 25 6:57 AM] The miner holds over 20,000 bitcoin and plans to buy more in the open market.

Riot Platform buys Kentucky-based Block Mining for $93M

[Jul 24 11:08 PM] Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.