Search
El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture
6.6.2023
After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers.
The fear of losing assets, as with FTX, plagues people's minds after the commotion.
Some experts believe it will take a while...
Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike
14.4.2023
The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country
Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
24.3.2023
The next main catalyst for the sector is the reward halving in early 2024, the report said
Oil Giant Shell Makes Move Into Bitcoin Mining Industry – Here’s What You Need to Know
11.11.2022
One of the largest oil and gas companies in the world, Shell, aims to offer its lubricant and cooling solutions to bitcoin (BTC) miners.
The giant will sponsor the 2023 and 2024 Bitcoin Conferences, as it signed a two-year partnership with Bitcoin Magazine, the events’ organizer....
Read More:...
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn
29.9.2022
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium...
Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions
27.9.2022
According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that...
Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’
12.8.2022
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power...
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
29.7.2022
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay
Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022
27.4.2022
At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining...
US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts
24.4.2022
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental...
A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue
23.2.2022
Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government
Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens
28.1.2022
While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like...
Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry
26.1.2022
The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry....
Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’
16.1.2022
In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s...
Inside the Iranian Bitcoin mining industry
21.12.2021
Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
23.11.2021
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining...
Sino-Global & Highsharp To Throw Thor Into Bitcoin Mining Industry
4.10.2021
//www.prnewswire.com/news-releases/sino-global-enters-bitcoin-mining-machine-joint-venture-with-highsharp-will-make-investment-to-drive-product-development-and-expansion-301391727.html">per the press release, has been diversifying into the cryptocurrency market. Highsharp is a company focused on
Billion dollar Bitcoin mining industry resumes in Iran after three month ban
1.10.2021
The extreme heat of the summer has subsided, so crypto mining has been given the green light as it can no longer be blamed for stressing the electricity grid
Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services
26.8.2021
On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency...
Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban
24.6.2021
The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban