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Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC Holdings
21.10.2024
Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024. Ionic Digital...
Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network Peaks
21.10.2024
Bitcoin's 7-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
8.10.2024
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...
China still controls 55% of Bitcoin hashrate despite crypto ban
23.9.2024
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021
China still controls 55% of Bitcoin hashrate despite crypto ban
23.9.2024
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021
Bitcoin miner wallets awaken after over 15 years — Is this Satoshi?
20.9.2024
Five miner wallets that received block rewards weeks after Bitcoin's launch started moving their tokens.
Riot Platforms’ Bitcoin holdings cross 10K BTC, production drops
6.9.2024
Riot Platforms reports a drop in Bitcoin production for August 2024 but stays bullish with expansion plans to increase its mining capacity and optimize energy costs
Fractal Bitcoin: good or bad for mining revenues?
5.9.2024
August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated
Academic Paper Demonstrates Bitcoin Mining’s Potential to Mitigate Methane Emissions
3.9.2024
Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a new study showcasing a cutting-edge framework that fuses landfill gas-to-energy (LFGTE) systems with bitcoin mining. This innovative strategy is designed not only to combat methane emissions...
Bitcoin mining CEO eyes hashrate contracts to offset rising costs
30.8.2024
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
29.8.2024
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio...
Bitcoin mining expenses surge 168% amid capacity growth
20.8.2024
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
7.8.2024
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers...
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
2.8.2024
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April
GoMining Unwrapped: How Mining BTC with NFTs Works
9.7.2024
Since the good old days when anyone could successfully mine Bitcoin on their PCs are long gone, the entire industry has undergone a significant transformation. Growing competition from larger mining entities has gradually made individual mining more challenging, even for those who managed to stay...
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
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...