18 / 42 Relevant items tagged with #Mining

Posts

Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins

[Apr 18, 2024 5:15 AM] The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).

Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

[Apr 17, 2024 1:37 AM] According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy…

Norway to Target Cryptocurrency Mining Through Data Center Regulation

[Apr 16, 2024 7:31 PM] Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers…

Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving

[Apr 16, 2024 1:27 PM] With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024…

Miners Race to Discover Block 840,000 as Bitcoin Halving Nears

[Apr 16, 2024 9:13 AM] Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty…

Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

[Apr 15, 2024 8:24 AM] A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year…

Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report

[Apr 15, 2024 7:24 AM] Energy-intensive crypto mining is an example of a type of business not wanted in Norway, Minister for Energy Terje Aasland reportedly said.

Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving

[Apr 13, 2024 7:33 AM] Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the…

Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil

[Apr 12, 2024 11:30 PM] The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that…

A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

[Apr 12, 2024 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…

Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

[Apr 12, 2024 12:14 PM] As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows…

Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

[Apr 12, 2024 8:39 AM] The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest…

Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request

[Apr 12, 2024 5:25 AM] An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company…

Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

[Apr 11, 2024 7:43 AM] Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the…

Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

[Apr 10, 2024 3:30 PM] On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80…

Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

[Apr 6, 2024 11:28 AM] Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter…

Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage

[Apr 6, 2024 6:21 AM] Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks…

Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

[Apr 5, 2024 1:20 PM] According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in…

Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations

[Apr 5, 2024 11:16 AM] A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of…

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

[Apr 4, 2024 10:00 PM] Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.

Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs

[Apr 2, 2024 11:34 PM] On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6…

Arkon Energy Orders 27,700 New-Generation Bitcoin Mining Machines from Bitmain

[Apr 2, 2024 7:00 AM] Arkon Energy US Holdco LLC, a leading player in Bitcoin mining infrastructure, has placed a significant order with Bitmain Development Pte. Ltd. for 27,700 new-generation Bitcoin mining machines, according to a press release sent to Bitcoin…

Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event

[Apr 1, 2024 9:02 AM] In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past…

Bitmain Launches Antminer S21 Pro, Its Most Advanced Bitcoin Miner

[Mar 29, 2024 2:56 PM] Today, one of the largest Bitcoin mining rig manufacturers, Bitmain, announced the launch of the Antminer S21 Pro at the Global Digital Mining Summit (WDMS) 2024, an event the company hosts.ANTMINER S21 Pro Newly Launched234T 15.0J/TCr

Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash 

[Mar 29, 2024 2:11 PM] On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of…

Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion

[Mar 28, 2024 5:30 AM] Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the…

Marathon Digital Holdings Unveils ‘M’ Block Art on Bitcoin Blockchain

[Mar 27, 2024 8:30 AM] Bitcoin miner Marathon Digital Holdings has crafted a block that prominently displays the letter “M” by carefully arranging transactions and fee rates within its mining pool. This novel approach introduces a creative twist to block creation in the…

Bitcoin Mining Was More Profitable in February Than January: Jefferies

[Mar 27, 2024 6:17 AM] Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.

Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments

[Mar 27, 2024 2:00 AM] Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on…

Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025

[Mar 26, 2024 9:30 AM] The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These…