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Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace

7.8.2024
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value...

Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden

6.8.2024
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy...

Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract

6.8.2024
The extension of the previous deal with CoreWeave brings total revenue potential for the miner to more than $6.7 billion over 12 years

Core Scientific shares climb 12% after CoreWeave expands GPU hosting deal

6.8.2024
Core Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12-year hosting agreement

World's largest Bitcoin miner increased BTC holdings by $124M in July

6.8.2024
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’

Swan Bitcoin cancels conference amid staff reduction, mining shutdown

5.8.2024
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July

Crypto-Related Stocks Slide Amid Global Market Turmoil

5.8.2024
U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended...

Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024

5.8.2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than...

Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet

5.8.2024
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects...

Historic Drop in Bitcoin Revenue Leaves Miners Struggling

4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...

QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes

3.8.2024
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish...

Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year

3.8.2024
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging...

Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto

3.8.2024
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy...

The USA can (and should) dedicate more energy to Bitcoin mining

2.8.2024
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining

Mining company CleanSpark sold only 2.54 Bitcoin in July

2.8.2024
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year

MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase

2.8.2024
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports...