Tag: Bitcoin Mining

Greenidge Generations Holdings Inc, a Nasdaq-listed crypto mining and data center has announced the successful completion of two financing rounds in which it pulled approximately $108 million.  As announced by the company, the financing rounds featured an “approximately $81.4 million facility with an affiliate of NYDIG, secured by certain Bitmain ANTMINER S19 J Pro equipment […]

In the face of the current realities in Russia, the Deputy Minister of Energy Evgeny Grabchak has advocated for the development of a regulatory framework to support the mining of Bitcoin (BTC) through a process dubbed Proof-of-Work (PoW) system. As reported by the TASS Russian News Agency, the deputy minister made this comment over the […]

Republican Congressman Pete Sessions has come out with a unique claim that the impact of Bitcoin mining can have a positive impact not only on Texas but also on the entire United States. The renowned Bitcoin proponent and Texan representative, took the boldness to Twitter on March 22 stating that Bitcoin mining would play a […]

Hut 8, a cryptocurrency mining and blockchain infrastructure company focused on mining bitcoin that is based in Canada, has confirmed record revenue from mining as per a recent post from the firm. However, there were some negative aspects from the report as well as the overall earnings of the company dumped.  Hut 8 is a […]

This year, Bitcoin miners have brought the king coin to its all-time highs on mining difficulty. Australia-based bitcoin miner, Mawson Infrastructure Group (MIGI), has signed a 12 megawatt (MW) hosting co-location agreement with Digital Currency Group or DCG-owned Foundry Digital. The deal came just days after joining hands with Celsius Mining for a 100 MW deal. As […]

Despite Bitcoin’s (BTC) three-month fall and the ongoing Russia-Ukraine crisis, crypto mining firms in the United States remain devoted to boosting their hash rate with more hardware. Boosting the Bitcoin hash rate is the primary aim  Marathon Digital Holdings and GEM Mining, both United States-based Bitcoin mining firms, announced that they aim to extend their operations […]

After a steady increase from last July’s pullback, the Bitcoin network has reached yet another all-time high in mining difficulty. On February 18, the on-chain analysis tool CoinWarz reported that mining difficulty had reached a new high of 27.97 trillion hashes (T). It has been a new all-time high in terms of difficulty for the second time in […]

Authorities in the United Arab Emirates (UAE) are exploring a friendly regulation that will accommodate Virtual Assets Service Providers (VASPs) looking to make the region their home. As reported by Bloomberg News citing an anonymous government official, the Securities and Commodities Authority is in the final stage of amending legislation to allow VASPs to set […]

ConocoPhillips, one of the world’s largest oil and gas companies, is experimenting with Bitcoin (BTC) mining to reduce the wasteful process of flaring. As per a report by CNBC, the company is now running a pilot project in North Dakota’s oil-rich Bakken region. Instead of wasting excess gas, a byproduct of oil drilling called flaring; the company […]

California-based multinational corporation and technology company Intel (NASDAQ:INTC) is entering the crypto space. On Friday, the senior vice president of Intel’s accelerated computing systems and graphics group, Raja M. Koduri, announced that the company intends to contribute to the growth of blockchain technologies, starting with the launch of energy-efficient crypto mining accelerators later this year.  He said […]

Norway, the European leader in renewable energy management, where hydropower provides up to 99% of Norway’s energy, and the system often has a green energy surplus, recently came up with an innovative idea that can shut many mouths. Kryptovault’s actions help Norway’s Wood company Using regenerative hydropower as an attempt to solve legitimate Bitcoin blocks […]

Merkle Standard, the privately held crypto miner, will be one of the first in the United States to receive Bitmain’s newest mining rig, the S19 Pro+ Hydro, which uses liquid cooling technology and is a dream for many mining companies. Amid the intensive questions asked on the harmful effects, mining has, the new cooling system […]

Despite widespread internet disruptions in Kazakhstan due to anti-government rallies, some Bitcoin (BTC) miners have not planned on leaving the country just yet. According to Chinese industry news outlet 8btc, BIT Mining, one of the top BTC mining firms that shifted operations from China to Kazakhstan last year after the Chinese crackdown, is currently analyzing […]

Bitfarms (BITF) and Marathon Digital (MARA), two of the most prominent publicly-traded bitcoin miners, each stated on Monday that they had individually mined more than 3,000 BTC in 2021. Bitfarms, situated in Canada, mined 3,452 BTC for the year, while Marathon, based in the United States, mined 3,197 BTC. Towards the end of the year, […]

Argo CEO Peter Wall recently told CNBC that the factors that pushed Bitcoin’s price in 2021 will also influence its price in 2022. Furthermore, he examined how the market has grown over time in terms of both regulatory outlook and capital markets. From a mining standpoint, he stated: “We’ve seen this year; the industry goes […]

Bitcoin miners are keeping their BTC despite the crypto market’s prolonged bear, with the OG BTC hovering around the $46k level. According to the most recent data from Glassnode, Bitcoin miners’ unspent supply is only 500 BTC behind the All-Time High (ATH). These BTC units are given to miners as a reward for solving a […]

Under a Bitcoin mining contract plea filed against a blockchain company, monetary compensation has been rejected by a district court in Beijing. As reported by the South China Morning Post on Thursday, the Chaoyang District People’s Court ruled on Wednesday that a Bitcoin mining contract between the plaintiff and a blockchain firm was “invalid.” The […]

The sustainable bitcoin mining and energy technology company CleanSpark reported a 400% increase in total revenue for its fiscal year 2021. However, it also reported a net loss of $21.8 million, or $0.75 per share, in the same period, the company said on Tuesday. CleanSpark generated $49.4 million in revenue for the fiscal year that ended on […]