Mining company CleanSpark sold only 2.54 Bitcoin in July
[Aug 2 5:23 PM] CleanSpark announced it had increased its treasury holdings by 567% when compared to the same period last year.
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MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
[Aug 2 4:05 PM] MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair…
Bitcoin network difficulty breaks 3-month downtrend to mark new ATH
[Aug 2 11:12 AM] Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
[Aug 2 3:30 AM] Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity…
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
[Jul 31 9:10 PM] Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in…
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
[Jul 31 12:44 PM] The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is…
Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor
[Jul 31 4:30 AM] Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo…
Russia Legalizes Crypto Mining and Brings an Experimental Regime
[Jul 30 6:36 PM] Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
[Jul 29 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses…
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024
[Jul 28 12:10 PM] At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s)…
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
[Jul 28 9:12 AM] According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the…
Cross-border BTC payments a top priority for Marathon Digital — Bitcoin 2024
[Jul 26 1:15 PM] The Bitcoin miner is seeking partners to build BTC payment apps, a company executive said.
Bitcoin mining will thrive under a Trump administration — MARA CEO
[Jul 26 12:18 PM] Marathon CEO Fred Thiel said he would not comment on Harris’ policies because they are still unknown at this time.
Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud
[Jul 26 12:30 AM] Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum…
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
[Jul 25 10:30 PM] Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing…
VanEck says Bitcoin could hit $2.9 million per coin by 2050
[Jul 25 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 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 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 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 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 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 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 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 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 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 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 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 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 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 7:30 AM] US mining firms are confounding pre-halving expectations by hodling the BTC they mine.