[Dec 16, 2023 1:00 AM] Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goal of increasing its…
[Dec 15, 2023 11:33 AM] Traditionally, the mining industry has been vilified for its environmental impact and energy use. This article describes the industry where mining can have an immediate positive impact – fossil fuel operations. BackgroundThe run-up to November 2023…
[Dec 15, 2023 7:32 AM] Iris Energy will receive mining hardware orders from Bitmain in the first six months of 2024, taking its operational mining capacity above 10 EH/s.
[Dec 14, 2023 8:01 AM] Blockstream CEO Adam Back says 2023 presented a unique investment opportunity with Bitcoin’s price doubling amid low ASIC miner prices on secondary markets.
[Dec 13, 2023 8:00 AM] Blockstream, a global leader in Bitcoin infrastructure, has announced the Series 2 launch for its Bitcoin-denominated investment vehicle, the Blockstream ASIC (BASIC) Note, according to a press release sent to Bitcoin Magazine. This…
[Dec 12, 2023 10:30 AM] The latest figures reveal that on Dec. 9, 2023, at block height 820,512, Bitcoin experienced a 0.96% decrease in its difficulty rating. This decline marks the first since Sept. 19, 2023, interrupting a streak of six successive difficulty hikes…
[Dec 12, 2023 8:30 AM] Bitcoin mining firm Bit Origin has announced that the company has secured a $6.74 million investment to build a new mining facility in Cheyenne, Wyoming. The data center will be a new 25-megawatt (MW) site that aims to accommodate between 4,480 to…
[Dec 8, 2023 1:00 AM] United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s…
[Dec 7, 2023 11:00 AM] SunnySide Digital, a global distributor of enterprise data center infrastructure, has announced a new partnership with Rosseau, to offer high-performance computing (HPC) and bitcoin mining clients immersion cooling technology. This collaboration…
[Dec 7, 2023 9:48 AM] Phoenix Group is acquiring hydro cooling mining equipment from WhatsMiner worth over $136 million, with the option of an additional $246 million purchase.
[Dec 6, 2023 12:30 PM] DMG Blockchain Solutions, a bitcoin miner and cryptocurrency technology company, announced that the firm has purchased 4,550 T21 Antminer bitcoin miners from Bitmain Technologies. DMG detailed that it paid $12.1 million for the next-generation…
[Dec 6, 2023 8:00 AM] Last Monday, November 27, Whinstone Inc.’s private security entered the Rockdale, TX-based premises of Rhodium Enterprises in order to remove employees to cease operation of their 125MW Bitcoin mining facility. The legal battle that culminated in…
[Dec 5, 2023 1:30 AM] In a case that intertwines crypto mining and utility theft, a Minnesota power company, North Star Electric Cooperative, has accused a former couple, Ryan Jaenicke and Tina Fehlhaber, of stealing vast amounts of electricity. The alleged scheme…
[Dec 4, 2023 5:30 PM] The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit…
[Dec 4, 2023 3:58 PM] If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.
[Dec 4, 2023 12:33 PM] Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter out transactions conducting inscriptions should have been communicated clearly on launch day, instead speculation lead to a chaotic…
[Dec 3, 2023 4:30 PM] November marked a significant milestone in the 2023 revenue generated by bitcoin miners, reaching a peak of $1.16 billion. This month not only stood out in terms of total earnings but also set a record for the highest monthly fees collected by…
[Dec 1, 2023 11:00 PM] In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price…
[Dec 1, 2023 5:00 PM] Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter (now known as X) CEO Jack Dorsey, is currently filtering ordinal inscription transactions. Giacomo Zucco, a bitcoiner, confirmed that Ocean…
[Dec 1, 2023 1:00 PM] Over the past year, the mining pool titan Foundry USA has consistently led the network in terms of hashrate. However, this month, the bitcoin mining operation Antpool has edged ahead of Foundry, albeit marginally, in hashrate rankings. In November…
[Dec 1, 2023 5:08 AM] Amid the delisting and relisting process, Hut8 shareholders received one New Hut common stock for every Hut 8 share held, an official announcement confirmed.
[Dec 1, 2023 2:47 AM] Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.
[Nov 30, 2023 5:00 PM] The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to…
[Nov 30, 2023 2:03 PM] The findings have an echo of De Vries' previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining.
[Nov 29, 2023 7:30 PM] In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while…
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