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Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut
5.12.2023
The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed
Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT
5.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner Riot Blockchain has announced its purchase of 66,560 bitcoin mining rigs from MicroBT, marking one of the largest orders in the company’s history. Riot Blockchain is set to acquire 66,560 Bitcoin miners from manufacturer MicroBT in one...
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
5.12.2023
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units...
Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls Down Lucky Block Reward, and More — Week in Review
3.12.2023
Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could “put severe downward pressure on bitcoin prices.” Conversely, Standard Chartered Bank sees “price upside” related to such an approval from the United States...
Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months
2.12.2023
In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity...
Bitcoin Miner AntPool to Refund Record $3M BTC Transaction Fee
30.11.2023
AntPool said it would verify the identity of the sender if they sign an on-chain message via another bitcoin transaction using the same message – which will prove ownership
‘Stagnant’ BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc’s Revenues in Q3
29.11.2023
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the...
Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?
28.11.2023
Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for...
Bitcoin mining firm Phoenix Group delays share listing
28.11.2023
Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023
With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward
27.11.2023
On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees. Solo Miner’s Slim Odds Pay Off:...
Crypto miner Hive expands data center operations in Sweden
27.11.2023
Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house generation ASIC servers, and increase Bitcoin production
Bitcoin Transaction Fees Dip Amid November’s Surging Miner Revenues
25.11.2023
Transaction fees for Bitcoin have eased, following their surge to more than $18 per transaction on two separate occasions last week. As of November 24, 2023, the average fee per transaction stood at roughly $5.89, with the median fee per transfer being $2.86. Bitcoin Fees Cool Down —...
Hackers Exploit Apache ActiveMQ Flaw To Mine Crypto
22.11.2023
Source: Pixabay Hackers are currently targeting a critical Apache ActiveMQ vulnerability to download and infect Linux machines with the Kinsing malware and crypto miner. In a blog post published on November 20, Trend Micro researchers reported that the exploitation of the CVE-2023-46604...
Crypto Miner Phoenix Group’s IPO Sales 33X Oversubscribed
21.11.2023
Source: Brian Wangenheim/Unsplash Multinational crypto mining and blockchain giant Phoenix Group has achieved a significant milestone in its initial public offering (IPO) raise. According to a press release, the mining company was able to close its IPO raise after investors oversubscribed 33 times...
Digital Asset Miner Hut 8 Reports 44% Increase in Carbon Credits Amid Sector’s Energy Consumption – Mining Making a Comeback?
21.11.2023
Source: AdobeStock / Photocreo Bednarek Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year. The Canadian-based crypto miner joined the carbon credit program with a vision toward 2025...
Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
21.11.2023
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million
Today in Crypto: Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments
17.11.2023
Source: AdobeStock / William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news We may be witnessing the start of a Sino-US bitcoin silicon war, according to the latest Miner...
Tether Aims to Invest Half a Billion Dollar in Mining Ventures Over Next Six Months to Become a Top Miner
16.11.2023
Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest...
ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies
16.11.2023
Image Source: Pixabay Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.” In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out...
Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps
14.11.2023
The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations