5 / 42 Relevant items tagged with #Mining
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Bitcoin miners earned just 3.6% of record $2T market cap — Analysis
[Dec 13, 2024 4:03 PM] BTC miners have reaped the benefits in 2024, but their earnings are tiny compared to Bitcoin’s giant market cap.
Luxor Technology Signs $131.4 Million Deal With Bitcoin Mining Rig Maker Microbt
[Dec 11, 2024 4:37 PM] Luxor Technology Corporation has entered into a $131.4 million agreement with bitcoin mining device manufacturer Microbt. Bitcoin Mining Giants Luxor and Microbt Announce Partnership Luxor Technology Corporation‘s deal includes a confirmed…
Efficiency Meets Power: Microbt Launches New Whatsminer Bitcoin Miners in Abu Dhabi
[Dec 10, 2024 5:30 PM] Microbt, the well-known developer of Whatsminer application-specific integrated circuit (ASIC) bitcoin miners, revealed an exciting trio of new mining machines during the Bitcoin MENA Conference in Abu Dhabi. Microbt Ignites Mining Competition With…
Microsoft touts next-gen data centers that don’t consume water for cooling
[Dec 10, 2024 5:52 AM] Microsoft said its latest “closed loop” water-recycling data center design could save 125 million liters of water annually per facility.
Riot Platforms to Raise Funds for Bitcoin Acquisition
[Dec 9, 2024 6:30 PM] Riot Platforms, Inc. announced a proposed $500 million private offering of convertible senior notes to fund bitcoin acquisitions and corporate initiatives. Riot Announces $500 Million Private Note Offering Riot Platforms, Inc. (Nasdaq: RIOT), a…
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan — FT
[Dec 9, 2024 1:09 PM] El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
From Energy Efficiency to Profitability: The Machines That Rule Bitcoin Mining
[Dec 9, 2024 6:30 AM] With bitcoin prices trending higher compared to the previous month, miners are basking in the glow of increased earnings from block rewards. As 2025 draws nearer, it’s worth exploring the leading application-specific integrated circuit (ASIC)…
The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy
[Dec 6, 2024 7:12 PM] Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the…
Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates
[Dec 5, 2024 6:45 PM] Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to…
Who’s really getting rich from the crypto bull run?
[Dec 5, 2024 5:00 PM] While the crypto frenzy captivates speculators with dizzying highs and lows, the real winners are those giving investors a way to speculate.
Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business
[Dec 5, 2024 4:30 AM] Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with…
Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław
Hive to Expand Bitcoin Mining Power With $60M Purchase
[Dec 4, 2024 5:30 AM] The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive…
Peter Todd advocates for space miners: ’Economics might make sense’
[Dec 3, 2024 6:32 PM] Though Todd denies it, an HBO documentary recently claimed he was the real Satoshi Nakamoto and inventor of Bitcoin.
Mining Boom: Bitcoin Miners Rake in Highest Revenue Since April
[Dec 1, 2024 3:45 PM] Bitcoin miners had plenty to smile about in November, as their revenue received a significant boost thanks to a price climb, hitting levels not seen since April. Bitcoin Miners Celebrate $1.21B November Payout as Hashrate Soars Bitcoin miners saw…
A Deep Dive into Bitcoin Mining Veteran Hut 8
[Dec 1, 2024 7:30 AM] A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive…
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
[Nov 30, 2024 8:30 AM] Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion…
Bitcoin halving birthday: 12 years of limited supply and milestones
[Nov 28, 2024 2:12 PM] Bitcoin celebrates 12 years since its first halving event, with block rewards shrinking to 3.125 BTC and miners adapting to higher difficulty amid rising prices.
Russian gov’t approves new crypto taxation framework
[Nov 28, 2024 8:58 AM] The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble.
BTC Miner Cipher Expands Texas Operations With 100 MW Data Center
[Nov 27, 2024 3:30 PM] Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR)…
US Imposes Import Restrictions on Bitmain ASICs: Report
[Nov 26, 2024 9:30 AM] The U.S. Customs and Border Protection Agency has halted imports of certain Antminer ASICs produced by Bitmain. Bitmain Rivals Spared The U.S. Customs and Border Protection Agency (CBP) has reportedly been blocking imports of Bitmain made Antminer…
President Nayib Bukele Hints at ‘Rent-a-Volcano’ Bitcoin Mining Service
[Nov 25, 2024 12:24 PM] Salvadoran President Nayib Bukele hinted at the possibility of establishing a service to rent a volcano for bitcoin mining purposes. The leader stated that a green energy program harnessing volcano energy “might actually make sense.”…
Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?
MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering
[Nov 23, 2024 2:56 PM] MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030. Nasdaq Listed Bitcoin Miner MARA Buys 5,771 Bitcoin Following Sale of Convertible Notes…
Bitcoin Bull Market May Drive Russian Miners Underground
[Nov 22, 2024 7:30 AM] The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal…
Bitcoin Smashes Records: Hashrate Hits 776 EH/s as Price Soars Closer to $100K
From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
[Nov 21, 2024 5:45 PM] Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven…
Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive
[Nov 20, 2024 2:43 PM] Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden its self-mining footprint in North America. Publicly Listed Bitcoin Miner Canaan Bolsters U.S. Presence…
Russia to restrict crypto mining in 13 regions to save electricity
[Nov 20, 2024 11:45 AM] If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.