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Cleanspark Sets Ambitious New Hashrate Target After Reaching 30 EH/s

[Oct 11, 2024 4:30 PM] Cleanspark, a publicly traded bitcoin mining company, announced this week that it has reached an operational hashrate of 30 exahash per second (EH/s). The company expects to surpass 37 EH/s by the end of 2024 and aims for further growth to 50 EH/s…

Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations

[Oct 4, 2024 4:35 PM] Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing…

Bitdeer Completes Testing of SEAL02 Bitcoin Mining Chip

[Sep 26, 2024 5:55 PM] Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company’s technological development. The chip exhibited a power efficiency ratio of 13.5 joules per…

A Vision for Bitcoin Mass Adoption by Mark Zalan, CEO of GoMining

[Aug 30, 2024 12:45 PM] Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers innovative solutions…

Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden

[Aug 6, 2024 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…

Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts

[Jul 1, 2024 5:49 PM] Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.

Bitdeer introduces energy-efficient Bitcoin mining chip

[Jun 7, 2024 3:53 AM] This chip will enhance Bitcoin mining performance, minimize power consumption, lower costs, and reduce the environmental footprint.

Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins

[Jun 2, 2024 9:21 AM] Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16…

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving

[May 25, 2024 10:15 AM] Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are…

Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

[May 2, 2024 2:22 AM] Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second with a $240 million investment.

Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners

[Sep 12, 2023 1:00 PM] At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the…

TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining

[Aug 10, 2023 3:30 PM] Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for…

Study: Generative AI Could Add Trillions to Global Economy

[Jul 31, 2023 3:30 PM] A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and…

Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners

[Jul 27, 2023 3:00 PM] Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility…

Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis

[Jul 24, 2023 11:30 AM] In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry…

Cathedra Bitcoin Unveils Plans for Off-Grid Bitcoin Mining in Texas

[Jun 3, 2023 3:30 AM] On Friday, Cathedra Bitcoin Inc. announced a partnership with 360 Mining, revealing plans to deploy mobile data centers and application-specific integrated circuit (ASIC) bitcoin miners at 360 Mining’s off-grid location in Texas. 360 Mining…

Immersion Cooling Firm LiquidStack Secures Series B Funding to Build Manufacturing in U.S.

[Mar 22, 2023 7:00 AM] The company can reduce the carbon footprint, land and water use of bitcoin miners through its technology.

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

[Dec 3, 2022 2:30 PM] On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be…