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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)...
Bitcoin Price Prediction amid Legal Victory for Grayscale and Strong Q2 Earnings for Bitcoin Miner Canaan
30.8.2023
Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin's price has taken center stage.
Currently trading at $27,452, reflecting a notable 5.5% increase on Wednesday, Bitcoin's trajectory continues to capture attention.
This analysis delves into the recent legal victory achieved...
Argo Blockchain Successfully Decreases 2022 Debt to $75 Million – Here's the Latest
29.8.2023
Digital asset mining firm Argo Blockchain has reported $18.8 million in losses in the first half of the year, reducing total losses to $75 million from last year.
The mining firm has struggled to navigate the tough path following wider market woes characterized by plunging prices of top crypto...
Argo Blockchain cuts 2022 debt by half, down to $75M
29.8.2023
Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
28.8.2023
In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first...
Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express
25.8.2023
Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned
Against All Odds: Solo Miner Claims $160,000 Bitcoin Block Reward – Here's What Happened
22.8.2023
On August 18, an unexpected event in the Bitcoin mining space took everyone by surprise. A lone miner, not backed by massive computational power, claimed the full reward of 6.25 Bitcoin for solving block 803,821.
In simple terms, the miner earned about $160,000, minus a 2% fee retained by...
Oman Flags Off New Crypto Mining Facility With Expansion Plans As The Country Bets On Blockchain
22.8.2023
Oman has launched a new digital asset mining facility, the second flagged off within months as it seeks to diversify the economy away from oil exports.
The Middle Eastern country has flagged off the faculty which cost about 135 million Omani rials approximately $150 million and would be operated...
Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa’s Hashrate
22.8.2023
According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon. As Kaspa’s...
Crypto miner Hive Digital CEO sees AI working in unison with blockchain
22.8.2023
Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other
Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just 1PH of Hashrate Gets Full $160,000 Bitcoin Block Reward
21.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just...
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
20.8.2023
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This...
Canaan to Debut ‘Groundbreaking’ Bitcoin Mining Product at 10th-Anniversary Singapore Event
18.8.2023
Shortly after Bitmain announced its intention to launch a new bitcoin mining rig at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this September, Canaan, another mining machine giant, hinted at introducing a “groundbreaking” product poised to elevate the BTC mining sphere....
New Crypto Lobbyist Group Emerges in Washington, Seeks to Allay Misconceptions in the Sector
16.8.2023
Cryptocurrency miners are getting a dedicated mining lobbyist group tasked with dispelling fears around the activity among citizens and policymakers.
The group, the Digital Energy Council was unveiled on Aug 15 and will now open up discussions with policymakers in Washington on the sustainability...
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...
Bitmain to Reveal Groundbreaking Antminer S21 at 2023 World Digital Mining Summit
15.8.2023
Reports have surfaced that Bitmain, the well known mining rig manufacturer, intends to unveil a cutting-edge bitcoin (BTC) miner at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this coming September. The device, christened the Antminer S21, is being hailed by Bitmain as...
Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
10.8.2023
The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production
Bitcoin Miner Riot Posts Mixed Q2 Earnings Report, Sees Growing Consolidation in Industry
9.8.2023
Riot reported its second-quarter earnings after the close on Wednesday
Marathon Digital Q2 results miss revenue and earnings forecasts
9.8.2023
Despite the earnings miss, Marathon's CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings