Riot acquires 13% Bitfarms stake as CEO decries ‘poison pill‘ strategy
[Jun 12 1:08 PM] Bitfarms’ stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms’ attempt at a takeover.
11 / 38 Relevant items tagged with #Mining
Posts: 1,116
Posts
Bitcoin Miners Cash in on BTC Rally as Exchange Transfers Hit Two-Month High
[Jun 12 9:39 AM] Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.
Donald Trump Commits to Championing Bitcoin Mining in DC
[Jun 11 7:19 PM] Today, Donald Trump met with Bitcoin Magazine's CEO David Bailey and several prominent U.S. Bitcoin miners. The meeting saw Trump commit to championing Bitcoin mining both in Washington D.C. and on the global stage.Today was a historic moment in…
Russia Set to Recognize Bitcoin Mining as Economic Activity
[Jun 10 3:39 PM] According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law…
Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition
[Jun 10 5:20 AM] Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining…
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
[Jun 9 2:41 PM] David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
[Jun 9 11:27 AM] Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…
Core Scientific declines unsolicited Coreweave buyout bid
[Jun 6 11:04 AM] The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave.
Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer
[Jun 6 9:15 AM] Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer…
Beyond BTC: Crypto Miners Get Brainy, Embrace AI After Block Reward Whacking
[Jun 6 6:40 AM] The winds of change are blowing through the crypto mining industry. The highly anticipated halving event in April 2024, which sliced block rewards in half, has sent shockwaves through the ecosystem. Daily revenue for miners has plummeted by over…
Largest Bitcoin mining firm sold 63% of mined BTC in May
[Jun 5 9:52 AM] Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
[Jun 4 11:13 AM] Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total…
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
[Jun 3 1:05 PM] United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
[Jun 3 8:15 AM] Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has…
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
[Jun 2 7:31 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials…
Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins
[Jun 2 9:21 AM] Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16…
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
[Jun 1 12:21 PM] After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a…
Bitdeer Announces $100 Million Investment From Tether
[May 31 9:44 AM] On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in…
Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date
[May 31 6:04 AM] Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power…
Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador
[May 30 6:01 AM] Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador.
Luxor and Bitnomial launch Bitcoin mining derivatives product
[May 28 9:45 PM] The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels
Latam Insights: Venezuela Seizes Over 11,000 Bitcoin Miners, Paraguay Cracks Down on Illegal Bitcoin Mining
[May 26 7:31 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining…
Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
[May 26 11:33 AM] Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners…
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
[May 26 12:20 AM] Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding…
Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving
[May 25 10:15 AM] Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are…
Marathon Digital enters renewable energy partnership with Kenyan gov’t
[May 24 4:14 PM] Marathon Digital, one of the world’s leading Bitcoin mining operations, announced a collaboration to overhaul Kenya’s renewable energy sector.
Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas
[May 24 11:08 AM] According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another…
Kenya Partners With Marathon To Monetize Underused Energy By Mining
[May 24 10:14 AM] Kenya has signed a deal with Bitcoin miner Marathon Digital Holdings to monetize the country's underutilized energy resources. This partnership, announced by Marathon's CEO Fred Thiel on X, marks a significant step towards leveraging Kenya's…