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Hive Digital buys 6,500 ASICs, starts Paraguay construction
11.11.2024
Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity
CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
11.9.2024
CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure's facilities there
CleanSpark's mining expansion continues with Wyoming facilities
1.8.2024
The US miner is now the second-largest by market cap, after flipping Riot Platforms
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
12.7.2024
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s...
Jack Dorsey’s Block to supply 3nm mining ASICs to Core Scientific
10.7.2024
Block has secured its first sale of newly developed mining chips, co-designed with ePIC Blockchain Technologies and Core Scientific’s collaboration
Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities
13.6.2024
Australia's regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday
Paraguay seizes 2,738 ASICs as power theft crackdown continues
31.5.2024
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it
Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
14.5.2024
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
Digihost Secures Hosting Deal for 4,640 S19 XPs With Leading Bitcoin Miner Manufacturer
6.3.2024
Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital currency mining equipment. Digihost Expands Mining...
Bitcoin Mining Difficulty Hits Record 72 Trillion Amid Hashrate Surge and $600M Spent on ASICs in December
24.12.2023
On Dec. 23, 2023, Bitcoin’s mining difficulty soared to a record level at block height 822,528. The difficulty surged by 6.98%, marking the most substantial escalation in nine months, since March 23. This increment set a new precedent, making the discovery of block rewards more arduous than...
You Can Marinate In Water Heated By Bitcoin Mining At This NYC Spa
25.10.2023
Bathhouse is a super-trendy spa located in Williamsburg, Brooklyn, with a new location set to open sometime in the near future in Manhattan’s Flatiron district. If its sans serif font and ultra-minimalist website don’t already scream New York City Elite, then the way it heats its pools absolutely...
Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand
31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...
Perfect storm for undervalued ASICs: Blockstream plans $50M raise to buy miners
15.8.2023
Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024
The Ever More Efficient Bitcoin Mining Machine
26.7.2023
A recent report by Coin Metrics has news for fans of energy efficiency: ASIC miners overall are reducing their energy consumption per coin produced. But which are the most efficient? For Mining Week, CoinDesk dug deeper to determine which of 11 popular mining machines were the most competitive
ASIC Heavyweights: These Are the Most Profitable Proof-of-Work Algorithms in 2023
24.5.2023
Eight months ago, there was a significant transformation in the realm of lucrative proof-of-work (PoW) mining algorithms when Ethereum made the transition from PoW to proof-of-stake (PoS). During that period, the prevailing consensus algorithms for mining were Kadena, Scrypt, and Cuckatoo32....
Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed
16.5.2023
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers,...
Chip Giant Intel Abandons Bitcoin ASIC Production
19.4.2023
After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that...
Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M
11.4.2023
The BTC mining firm projects its mining power will reach 16 EH/s by the end of the year
The economics of cryptocurrency mining: Costs, revenues and market trends
18.2.2023
Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry