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Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO
19.6.2024
LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners
Riot Platforms bounces after damning report claiming collapse
6.6.2024
Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital
Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022
13.3.2024
Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses.
The post Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022 appeared first on Cryptonews
Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC
23.2.2024
Bitcoin mining firm Riot Platforms has achieved record-breaking results in 2023, with total revenues reaching an all-time high of $281 million.
The post Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC appeared first on Cryptonews
British Columbia Court Backs Ban on Crypto Mining in Canadian Province
6.2.2024
Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro's 18-month moratorium on mining
US Gets Serious About Tracking Crypto Mining Electricity Usage
1.2.2024
A US government agency responsible for managing energy-related data is going after crypto-mining companies over their power consumption. The Energy Information Administration (EIA) said on Wednesday that it will collect electricity consumption data from identified US-based crypto mining companies...
Bitcoin Miners Curtail Operations During Texas Winter Storm
18.1.2024
Everything is bigger in Texas – including the weather. In recent years, The Lone Star State has seen dramatic weather related events, including overly hot summers and unusually cold winters. For instance, an arctic blast hit Texas in February 2021, leaving many Texans literally out in the cold....
Leading Crypto Miners Riot, TeraWulf, CleanSpark Brace for 2024 Bitcoin Halving
16.1.2024
Leading cryptocurrency miners are bracing themselves for the challenges ahead as the mining industry prepares for a major transformation with the 2024 Bitcoin (BTC) halving event. Asset manager CoinShares analysis suggests that Riot (NASDAQ: RIOT), TeraWulf (NASDAQ: WULF), and CleanSpark...
Cipher Mining Boosts Capacity with 16,700 New Bitcoin Miners
4.1.2024
Source: Adobe / Photocreo Bednarek Prominent Bitcoin (BTC) mining firm Cipher Mining has acquired 16,700 new mining rigs, aiming to position itself as one of the leading players in the industry following the anticipated Bitcoin halving event in April. The company plans to install these...
Unlimited Innovations vs. 2,500 Swimming Pools — AI Faces Similar Environmental Backlash as Bitcoin Mining
29.12.2023
In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in technology, it’s encountering similar environmental...
UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt
8.12.2023
United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s “strategic foresight.” Microbt to Integrate...
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...
Crypto Mining Profitability Soars as Miners Rake In Record $32 Million in Revenue in One Month
14.11.2023
Image Source: Pixabay The crypto mining industry is experiencing a surge in profitability, with miners earning a record $32 million in revenue in the past month. The hashrate, a measure of the computational power needed to mine a coin, has reached an all-time high, indicating that miners are using...
Best Crypto to Buy Now October 26 – GALA, The Graph, GMX
26.10.2023
While Bitcoin takes a pause, investors are contemplating other altcoins as well as crypto presales in search of the best crypto to buy now. Image by cryptonews.comBitcoin is experiencing a marginal dip today after having consecutive green closes for nearly a week. While Bitcoin takes a pause...
Arkansas Residents Outcry Over Rising Crypto Mining Nuisance, Senator Seeks Governor’s Response
19.10.2023
A senator from the US state of Arkansas is seeking answers from the governor's office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state.
Residents of Mountain Pine have complained over “freaking loud” noise from a new crypto-mining facility...
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
21.8.2023
Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said
Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI
13.7.2023
Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs
Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported
22.6.2023
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.
Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed...
Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand
21.6.2023
The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI.
The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as per a press...
Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal
15.5.2023
The investment includes a $2 million loan and $12 million in equity