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Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
31.5.2024
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said
Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date
31.5.2024
Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest...
Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador
30.5.2024
Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador
Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador
30.5.2024
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,”...
Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation
29.5.2024
Bitfarms, a global Bitcoin mining company, has confirmed receiving and rejecting an acquisition proposal from Riot Platforms on April 22, 2024.
The post Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation appeared first on Cryptonews
Bitfarms Says Riot Bid 'Significantly Undervalues' Crypto Miner, Is Exploring Options
29.5.2024
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
29.5.2024
The company has the financial capacity to consolidate the bitcoin mining space, the report said
Luxor and Bitnomial launch Bitcoin mining derivatives product
29.5.2024
The new crypto derivatives product allows investors to speculate on future hashrates and hashprices
$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst
28.5.2024
Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block
Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share
28.5.2024
Bitfarms' shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot's announcement
Latam Insights: Venezuela Seizes Over 11,000 Bitcoin Miners, Paraguay Cracks Down on Illegal Bitcoin Mining
27.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining, and Brazil aims to finalize crypto regulations...
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
26.5.2024
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm...
Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving
25.5.2024
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash....
Marathon Digital enters renewable energy partnership with Kenyan gov’t
25.5.2024
Marathon Digital, one of the world’s leading Bitcoin mining operations, announced a collaboration to overhaul Kenya’s renewable energy sector
Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects
24.5.2024
The company will help monetize stranded energy in the African country and help manage its renewable energy production
Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas
24.5.2024
According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak...
UAE agriculture authority prohibits crypto mining on farms: Report
24.5.2024
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722
Ethereum ETF buzz increases Bitcoin mining challenge
24.5.2024
On May 23, the Bitcoin mining world experienced a significant change. The difficulty of mining increased by 1.5%, reaching a record high of 84.4 trillion. This is important because it indicates the increased computational power needed to obtain new blocks of Bitcoin. Furthermore,...
Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized
24.5.2024
Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with...
Bitcoin Runes hype fades, transactions plummet 84%
23.5.2024
Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?