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Bitcoin miner Foundry lays off staff amid restructuring

[Dec 3 9:10 PM] Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning off its self-mining business.

Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

[Aug 23 4:30 PM] On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from…

Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

[Jun 21 3:10 PM] Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and…

Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members

[Apr 19 12:35 PM] Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the “epic satoshi,” the first satoshi of the halving block, via Ordinals. If the company mines it through its mining pool…

A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

[Apr 12 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…

Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels

[Dec 16, 2023 1:00 PM] In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This…

Antpool Surpasses Foundry in Hashrate Battle, Claiming Top Spot in November’s Bitcoin Mining Race

[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…

Bitcoin's Hashrate War Between Antpool and Foundry Intensifies as BTC ETF Nears

[Nov 24, 2023 7:11 AM] The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin.

Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools

[Nov 21, 2023 4:30 PM] A recent analysis by 0xB10C, a developer and onchain analyst, has uncovered intriguing findings in the Bitcoin network. The study, which focuses on the mining pools’ transaction selection processes, revealed that certain transactions from…

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

[Aug 8, 2023 8:02 AM] The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

[May 31, 2023 3:30 PM] On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an…

Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long

[May 11, 2023 9:40 AM] The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners.

DCG’s Bitcoin Mining Firm Foundry To Begin Charging Fees For Services

[Apr 6, 2023 6:12 PM] The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will stop providing its services for free, according to a…

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

[Mar 21, 2023 10:00 AM] Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block…

Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

[Feb 7, 2023 5:56 PM] The changes are designed to better situate the company for their future endeavors.Stronghold Digital Mining, with WhiteHawk Finance LLC, has announced ratifications to their original credit agreement according to a press release sent to Bitcoin…

CoinDesk could be up for grabs as parent company DCG scrambles for funds

[Jan 18, 2023 11:40 PM] DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment.

2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate

[Dec 29, 2022 12:30 PM] Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore…

Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid

[Dec 25, 2022 3:30 PM] Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the…

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

[Nov 23, 2022 2:00 AM] Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two…