Tag: mining
Everything you need to know about crypto mining.
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minute The latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
BC.GAME Announces Launch of $BC Mining Rush Event with 1 Billion $BC Token Prize Pool
Reading Time: 2 minutes WILLEMSTAD, Curacao, 30th September 2024, Chainwire
Crypto Firms Bitfarms and Riot Platforms Reach an Agreement
Reading Time: < 1 minute A joint settlement agreement has been reached between rival Bitcoin mining companies, Riot Platforms and Bitfarms, effectively ending Riot’s attempted hostile takeover.
CleanSpark Purchases 2 Mining Sites in Mississippi
Reading Time: < 1 minute Bitcoin miner CleanSpark has recently acquired two Bitcoin mining sites and accompanying land in Clinton, Mississippi, with a combined purchase price of $5.775 million.
Bitcoin Miner Wins $180,000 Reward After Solving a Block
Reading Time: < 1 minute One individual Bitcoin miner has accomplished a rare achievement by solving a block on their own, earning them approximately $180,000.
Japanese Energy Company TEPCO to Venture into Green Mining
Reading Time: < 1 minute A subsidiary of TEPCO, a Tokyo-based company, is venturing into Bitcoin mining with the goal of using renewable energy that would otherwise go to waste.
Thailand’s Police Raids an Illegal Bitcoin Mine
Reading Time: < 1 minute On Sunday, Thailand’s police and electricity authorities revealed that they had conducted a raid on an illegal bitcoin mine located in a local town.
Mining Firm Bitfarms Purchases Rival Stronghold Digital Mining
Reading Time: < 1 minute Bitcoin mining company Bitfarms has purchased Stronghold Digital Mining for approximately $125 million, including assumed debt of $50 million.
Malaysian Authorities Destroy Almost 1,000 BTC Mining Devices
Reading Time: < 1 minute Malaysian authorities have destroyed 985 Bitcoin mining machines worth approximately 1.98 million Malaysian ringgits ($452,500).
Bitcoin’s Mining Profitability Falls to All-time Low
Reading Time: < 1 minute The recent increase in the Bitcoin network hashrate has caused a decline in the stock value of BTC mining companies that had recently gained from their investments in artificial intelligence (AI).
Marathon Digital to Purchase Additional Bitcoins
Reading Time: < 1 minute Marathon Digital Holdings plans to privately offer $250 million worth of convertible senior notes to qualified institutional buyers.
Hut 8 Hires a New CFO
Reading Time: < 1 minute Hut 8, an energy infrastructure company and miner of Bitcoin, revealed on Tuesday its upcoming addition of a new chief financial officer later this month.
Miner Riot Platforms Buys Block Mining
Reading Time: < 1 minute In a $92.5 million transaction, Riot Platforms has acquired Block Mining, a bitcoin miner based in Kentucky.
FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024
Reading Time: 3 minutes Singapore, Singapore, 4th July 2024, Chainwire
Bitfarms Mines 21% More Bitcoins in June
Reading Time: < 1 minute As Bitfarms faces a potential takeover bid from Riot Platforms, the company’s mining operations have been steadily recovering since the Bitcoin halving in April.
T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin
Reading Time: < 1 minute Telecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.
Trump Wants Bitcoin to Be Mined in the US
Reading Time: < 1 minute Former US President Donald Trump showed his support for bitcoin mining during a meeting with several bitcoin miners at his Mar-a-Lago resort on Tuesday night.
Bitfarms Mining Revenue Falls 45%
Reading Time: < 1 minute Bitcoin mining firm Bitfarms has released its latest monthly production data, shedding light on how the Bitcoin halving has affected its profitability and raising concerns about potential consolidation in the industry.
Bitnomial and Luxor Roll Out a Bitcoin Mining Derivatives Product
Reading Time: < 1 minute Luxor Technology Corporation and Bitnomial Inc. have teamed up to launch a new Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange.
Venezuela Bans Crypto Mining
Reading Time: < 1 minute The Ministry of Electricity in Venezuela has announced plans to disconnect all cryptocurrency mining farms from the national electric system in order to control energy demand.
Bitfarms Fires its CEO
Reading Time: < 1 minute Mining company Bitfarms has expedited the termination of CEO Geoffrey Morphy following his decision to sue the company, according to a recent press release.
Bitcoin Mining Difficulty Falls by More Than 5%
Reading Time: < 1 minute Due to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.
A Solo Miner Solves a Valid Block and Wins 3.125 BTC Reward
Reading Time: < 1 minute A lone Bitcoin miner has accomplished a remarkable feat by solving a Bitcoin block on their own, earning the full 3.125 Bitcoin block reward.
SEC Files Lawsuit Against Crypto Mining Firm Geosyn
Reading Time: < 1 minute The US Securities and Exchange Commission has filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors out of $5.6 million.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minute PayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.