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Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas


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 location acquired by the firm in December 2023. Peak...

Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid


A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid...

El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy


El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...

Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024


Canaan introduces the A1566 model in Hong Kong, aims to provide a more cost-effective solution for miners by offering higher data processing capabilities with lower energy consumption. The post Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024 appeared first on Cryptonews

Argentina Energy Provider Seals New Bitcoin Mining Deal


Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia. The post Argentina Energy Provider Seals New Bitcoin Mining Deal appeared first on Cryptonews

AI Predicts China Will Ban High-Energy Blockchains


We asked three AI platforms to predict the future of high-energy consumption blockchains in China, and the unanimous answer points to a ban. The post AI Predicts China Will Ban High-Energy Blockchains appeared first on Cryptonews

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