7 / 38 Relevant items tagged with #Mining
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Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
[Aug 14 6:30 PM] Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment…
The Coming Financialization of Hashrate Markets
[Aug 14 5:34 PM] Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital…
Core Scientific drops 10% after $400 million convertible senior note offer
[Aug 14 5:59 AM] Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts.
Bitcoin Pioneer Chun Wang to Command SpaceX's First Mission Over Earth's Polar Regions
[Aug 13 7:07 PM] Chun Wang, the co-founder of Bitcoin mining pool f2pool and a well-known figure in the Bitcoin community, is set to command SpaceX’s first human spaceflight mission to explore Earth’s polar regions from orbit. Wang, who began mining Bitcoin back in
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
[Aug 13 6:30 PM] Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital…
Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal
[Aug 13 4:30 PM] Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their…
Hive Digital sales up 36% as Bitcoin miner forays into AI compute
[Aug 13 3:28 PM] Hive's new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024.
MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin
[Aug 12 8:10 PM] Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate…
Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
[Aug 12 8:02 PM] The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth.
Bitcoin miner Argo repays $35M Galaxy bailout loan
[Aug 12 4:13 PM] The loan saved Argo from bankruptcy during the crypto winter of 2022.
World's largest Bitcoin miner announces $250M raise to buy more Bitcoin
[Aug 12 11:45 AM] The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
Bitcoin miners record lowest daily revenue of 2024
[Aug 12 9:50 AM] Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Putin Signs Law to Regulate Crypto Mining in Russia
[Aug 10 10:30 PM] Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations…
Russia legalizes Bitcoin and cryptocurrency mining
[Aug 8 7:17 PM] Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system.
Miner profitability falls to record lows — Blocksbridge
[Aug 8 5:31 PM] Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.
Putin Signs Law Legalizing Cryptocurrency Mining in Russia
[Aug 8 2:49 PM] Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts, including digital currency mining, mining…
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
[Aug 7 6:40 PM] On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also…
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
[Aug 7 11:20 AM] According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of…
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
[Aug 6 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…
Core Scientific shares climb 12% after CoreWeave expands GPU hosting deal
[Aug 6 4:47 PM] Core Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12-year hosting agreement.
World’s largest Bitcoin miner increased BTC holdings by $124M in July
[Aug 6 1:57 PM] Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full “HODL.”
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
[Aug 5 3:30 AM] Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the…
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
[Aug 3 2:10 PM] In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a…
Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto
[Aug 3 3:30 AM] An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in…
The USA can (and should) dedicate more energy to Bitcoin mining
[Aug 2 8:37 PM] Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.