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Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business
5.12.2024
Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with more than half of those affected based in the U.S....
Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset
5.12.2024
Hut 8 stock surged almost 8% following the announcement of the stock repurchase program
BIT Mining Acquires Ethiopian Data Centers and Mining Machines
5.12.2024
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value...
Hive to Expand Bitcoin Mining Power With $60M Purchase
4.12.2024
The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480...
Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit
4.12.2024
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner
Bitcoin miner Foundry lays off staff amid restructuring
3.12.2024
Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning out its self-mining business
MARA rolls out advanced ASIC recycling with wind power
3.12.2024
The Bitcoin miner will save energy and money by using excess wind power and recycled ASICs at its newly purchased facility in Texas
MARA Holdings acquired over $600M Bitcoin in the last two months
2.12.2024
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining
Latam Insights: Strategic Bitcoin Reserve Proposed in Brazil, Volcano-Powered Bitcoin Mining in El Salvador
1.12.2024
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, a Strategic Bitcoin Reserve bill gets introduced in Brazil, Bukele hints at renting volcanos for bitcoin mining, and Vaneck highlights Bukele’s work...
A Deep Dive into Bitcoin Mining Veteran Hut 8
1.12.2024
A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin...
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
30.11.2024
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report...
Swiss canton of Bern votes to study Bitcoin mining feasibility
28.11.2024
Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it
Microsoft breakthrough signals quantum-exclusive future for blockchain mining
28.11.2024
The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work
Publicly traded mining companies spend $3.6B on PP&E so far in 2024
28.11.2024
Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability
Russian gov’t approves new crypto taxation framework
28.11.2024
The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble
Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment
27.11.2024
IREN is seeing a resurgence of interest from tech data centers to host their AI-related computing machines.Company executives also see the potential to pay a dividend in 2025.The shares rose nearly 30% after the earnings conference call, outperforming peers
BTC Miner Cipher Expands Texas Operations With 100 MW Data Center
27.11.2024
Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR) announcement, the new facility, known as the Stingray...
Bitmain Antminer deliveries held at US ports by customs agency
25.11.2024
US miners are waiting for their miners but a branch of Homeland Security won’t let them take them
President Nayib Bukele Hints at ‘Rent-a-Volcano’ Bitcoin Mining Service
25.11.2024
Salvadoran President Nayib Bukele hinted at the possibility of establishing a service to rent a volcano for bitcoin mining purposes. The leader stated that a green energy program harnessing volcano energy “might actually make sense.” President Nayib Bukele Mulls Volcano Renting...
Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’
25.11.2024
James Howells’ $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive