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Bitcoin miners see worst revenues in 11 months as difficulty climbs
2.9.2024
August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
2.9.2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
1.9.2024
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops...
Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
31.8.2024
The company was authorized to choose between receiving $30 million or 500 Bitcoin loan from Galaxy Digital
Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
31.8.2024
The company was authorized to choose between receiving a $30 million or a 500 Bitcoin loan from Galaxy Digital
Bitcoin must reach a 'higher high' to confirm uptrend after dip below $58K
31.8.2024
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst
Bitcoin must reach a ‘higher high’ to confirm uptrend after dip below $58K
31.8.2024
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst
Scientific paper argues Bitcoin mining can reduce methane emissions
31.8.2024
According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.”
Scientific paper argues Bitcoin mining can reduce methane emissions
31.8.2024
According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.”
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
30.8.2024
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate.
Bitcoin mining CEO eyes hashrate contracts to offset rising costs
30.8.2024
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
30.8.2024
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies...
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
29.8.2024
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio...
Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024
29.8.2024
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris...
TeraWulf launches new Bitcoin mining facility, eyes major tech partnership
29.8.2024
TeraWulf claims to be the most profitable miner on a per-share basis, with an average production cost of $40,000 per Bitcoin
Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity
29.8.2024
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New...
Bitfarms assumes control of 120 MW mining mega-site in US
28.8.2024
Bitfarms assumes control of its first U.S. mega-site, marking a significant expansion in its power capacity and mining operations
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
27.8.2024
Marathon Digital, the largest publicly traded miner, is buying bitcoin in the open market, despite acquiring the digital assets at a discount via mining
Bet more on the Bitcoin miners cashing in on AI
27.8.2024
Supplying AI apps with computing power is a multibillion-dollar opportunity for Bitcoin miners
Bitcoin Mining Sector Is in a Consolidation Phase: Architect Partners
27.8.2024
The effect of miner concentration is yet to be seen, the note said