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Mining company TeraWulf pays off outstanding debt early
9.7.2024
The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment
Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas
9.7.2024
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement...
Core Scientific trades debt for equity, reduces $260M debt load
8.7.2024
Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029
Bitfarms announces new CEO, Riot launches campaign as corporate dispute escalates
8.7.2024
The corporate battle for control of Bitfarms continues to evolve as the company appoints a new CEO while its board continues to be contested by Riot Platforms
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
7.7.2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty...
Bitcoin mining difficulty hits lowest level since March as price tops $57K
6.7.2024
The drop in mining difficulty should spell relief for the largest mining firms
Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC
3.7.2024
Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024...
Big Tech produced more carbon since 2019 than all Bitcoin mining ever
3.7.2024
U.S. tech firms made huge commitments to “net zero” carbon emissions, but that was before ChatGPT hit the scene
World's largest Bitcoin miner didn’t sell any BTC in June
3.7.2024
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
2.7.2024
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that...
Bitcoin hashrate drawdown reaches December 2022 levels
1.7.2024
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
29.6.2024
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above...
Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion
28.6.2024
Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio...
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
27.6.2024
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing...
Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue
26.6.2024
The miner has mined 93 million worth of KAS tokens since Sept. 2023
Iceland’s crypto industry has promising future, but faces energy challenges
25.6.2024
Energy-rich Iceland is “making strides” in crypto, says Gulli Gislason of Viska Digital Assets
JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal
25.6.2024
Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion...
Insider: ‘Vulture Contracts’ Affecting Bitcoin Mining Development in Paraguay
24.6.2024
Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these...
Riot seeks three Bitfarms board members, says it holds 14.9% stake
24.6.2024
The mining firm said it intended to replace Bitfarms board members — including its interim CEO — with three people “completely independent” of both companies