30 / 41 Relevant items tagged with #MINING
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El Salvador Unleashes "Volcano Energy" With 241 Megawatt Planned Bitcoin Mining Operation
[Jun 5, 2023 7:32 AM] The country of El Salvador is tapping into its abundant natural resources to create “Volcano Energy.” According to a press release sent to Bitcoin Magazine, the aim is to position the country as a major global player in the Bitcoin mining industry…
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…
CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees
[Jun 2, 2023 12:33 PM] CleanSpark, Inc., a publicly traded bitcoin mining company, has released its May 2023 bitcoin mining and operations update, revealing significant growth in both its bitcoin holdings and revenue. The company's bitcoin holdings grew by 44% in May…
Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site
[Jun 2, 2023 6:04 AM] Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
[Jun 2, 2023 4:15 AM] Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.
Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed
[Jun 2, 2023 3:30 AM] Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the…
Bitcoin mining firms keep building despite BTC mining profitability slump
[Jun 1, 2023 11:05 PM] Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners
[Jun 1, 2023 1:30 PM] On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per…
CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners
[Jun 1, 2023 11:18 AM] CleanSpark Inc. has announced the purchase of 12,500 Antminer S19 XP bitcoin mining machines for a total price of $40.5 million. The machines were acquired at a lower price than the current market average, costing $23 per terahash, according to a…
Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M
[Jun 1, 2023 7:00 AM] CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller.
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…
Washington Ignored Crypto for Now. That’s Good for Bitcoin.
[May 31, 2023 10:00 AM] A huge tax on BTC miners didn’t make it into a deal to resolve the battle, and a separate provision might actually (unintentionally) help them.
Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends
[May 30, 2023 2:56 PM] Bitcoin policy advocates celebrated several victories in the recent quarter, including the success of Texas SB 1929, a pro-mining bill, and the defeat of Texas SB 1751, an anti-mining bill. VP of Research at Riot Platforms Pierre Rochard expressed…
Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay
[May 30, 2023 1:30 PM] After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining…
Stablecoin Issuer Tether To Begin Bitcoin Mining Operations In Uruguay
[May 30, 2023 1:23 PM] Tether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement, Tether’s collaboration with a local licensed company…
Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners
[May 30, 2023 11:16 AM] Sabre56, a Bitcoin mining hosting provider and digital asset mining consultancy, has announced a significant hosting deal with GEM Mining, an institutional-grade Bitcoin mining company. The agreement entails Sabre56 hosting 4,510 BTC miners that…
Tether moves into Bitcoin mining in Uruguay
[May 30, 2023 10:15 AM] As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
What the ‘anti-mining bill’ means for the crypto industry in Texas
[May 30, 2023 8:31 AM] The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation.
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
[May 30, 2023 7:36 AM] Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
[May 29, 2023 3:53 PM] According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners.
US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s
[May 29, 2023 1:30 PM] Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from…
Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
[May 29, 2023 8:30 AM] The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also…
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
[May 29, 2023 4:04 AM] Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.
Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence
[May 26, 2023 3:15 PM] Diluted net loss per American depositary share in Q1 2023 stood at $0.51, down from $0.55 in the previous quarter.
Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface
[May 26, 2023 1:33 PM] The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marketed to the general public.
Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows
Nvidia's Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look
[May 25, 2023 1:58 PM] Bitcoin miners might find non-mining AI applications too tantalizing to pass up.
Excavating the Truth Around the Bitcoin Mining Discourse
[May 24, 2023 3:28 PM] Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked…
MicroBT COO Jordan Chen Discusses The Company's Long-Term Goals And The Newest Whatsminers At Bitcoin 2023
[May 24, 2023 3:03 PM] MicroBT, a leading manufacturer of Bitcoin mining rigs, is focused on addressing the need for upgraded power sources in bitcoin mining. In an interview conducted at Bitcoin 2023 in Miami Beach, MicroBT's COO, Jordan Chen, emphasized the company's…