12 / 41 Relevant items tagged with #MINING

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VanEck says Bitcoin could hit $2.9 million per coin by 2050

[Jul 25, 2024 12:00 PM] Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.

Auradine Ships 3nm Teraflux Bitcoin Mining Platform

[Jul 25, 2024 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…

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

[Jul 25, 2024 7:04 AM] Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.

MARA Purchases $100 Million of Bitcoin, Adopts HODL Strategy

[Jul 25, 2024 6:05 AM] MARA (NASDAQ: MARA), a leader in leveraging digital asset compute for energy transformation, has purchased $100 million worth of Bitcoin, bringing its total holdings to over 20,000 BTC, according to a press release sent to Bitcoin Magazine.The…

Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center

[Jul 24, 2024 10:20 AM] Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection…

Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains

[Jul 23, 2024 8:35 PM] Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to…

Senator Cynthia Lummis releases report attacking Biden’s mining tax

[Jul 23, 2024 3:46 PM] The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

Swan Bitcoin delays IPO plan, announces shutdown of mining unit

[Jul 22, 2024 1:52 PM] The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts.

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

[Jul 22, 2024 5:20 AM] The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure…

Potential Ban on Cryptocurrency Mining in Certain Regions Disrupts Regulatory Efforts in Russia

[Jul 18, 2024 4:30 PM] The potential for a ban on cryptocurrency mining in regions classified as ‘energy deficient’ has hindered the ability to reach a consensus on the approval of cryptocurrency mining regulations in Russia. The proposed bill, which is expected to pass…

Bitcoin Mining Is So Back (Except It's AI Now)

[Jul 18, 2024 1:17 PM] Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices.

Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling

[Jul 18, 2024 9:12 AM] Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?

Bitcoin L2s help crypto miners in Asia supplement income with staking

[Jul 17, 2024 7:01 AM] Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.

Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether

[Jul 15, 2024 2:08 PM] On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data…

US Bitcoin miners hodl in expectation of BTC price rises

[Jul 15, 2024 7:30 AM] US mining firms are confounding pre-halving expectations by hodling the BTC they mine.

Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’

[Jul 15, 2024 7:02 AM] Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.

Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June

[Jul 13, 2024 1:10 PM] Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue…

Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft

[Jul 12, 2024 1:10 PM] The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail…

Bitfarms calls October shareholder meeting amid attempted Riot takeover

[Jul 12, 2024 10:30 AM] Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.

Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs

[Jul 12, 2024 2:30 AM] Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive…

Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

[Jul 11, 2024 2:25 PM] According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal…

Greenidge Expands Bitcoin Mining Operations in Mississippi

[Jul 11, 2024 12:50 PM] Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming…

How GoMining is revolutionizing Bitcoin mining through NFTs

[Jul 11, 2024 9:18 AM] How can retail investors profit from Bitcoin mining after the halving slashed profit margins?

As DOE Preps for Take Two of Controversial Crypto Mining Survey, Industry Weighs in

[Jul 10, 2024 2:27 PM] After the U.S. Department of Energy’s (DOE) first attempt to survey crypto mining companies about their energy usage was kneecapped by a lawsuit, the department is getting ready to try again – but this time, it’s seeking input from crypto industryâ€

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

[Jul 10, 2024 2:30 AM] According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners…

Mining company TeraWulf pays off outstanding debt early

[Jul 9, 2024 3:06 PM] The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment.

Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas

[Jul 9, 2024 12:32 PM] Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development…

Hut 8 expands mining operations with power deal in West Texas

[Jul 9, 2024 12:00 PM] Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.

Drop in Bitcoin Mining Difficulty 'Comparable to FTX Collapse,' CryptoQuant Says

[Jul 9, 2024 3:29 AM] Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.

Core Scientific trades debt for equity, reduces $260M debt load

[Jul 8, 2024 2:41 PM] Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029.