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Bitcoin Miner Greenidge Expects Q3 Losses of $20M-$22M Amid CEO Departure
11.10.2022
Bitcoin (BTC) miner Greenidge Generation Holdings' (GREE) CEO expects to record a GAAP net loss of between $20 and $22 million for the third quarter
Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining
11.10.2022
A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower...
Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year
9.10.2022
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block...
Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%
7.10.2022
London-based bitcoin miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal
7.10.2022
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with...
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
6.10.2022
The miner also has about $50 million in security deposits and prepayment to Compute North, for hosting Marathon’s bitcoin miners
Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis
6.10.2022
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet
Bitcoin miner profitability under threat as hash rate hits new all-time high
4.10.2022
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins
Barclays Remains Positive on Bitcoin; Sees Miner Core Scientific as ‘Best-In-Class Leverage Play’
4.10.2022
Barclays initiates coverage of the bitcoin miner with buy-equivalent rating
Bitcoin price plummets while miner hash rate soars to all-time highs
4.10.2022
The overall security of the Bitcoin protocol, or hashrate, hit a new high of 158 exahash per second despite the price being down over 50% year to date
Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months
3.10.2022
The miner currently has 140 megawatts of total computing power in its two facilities
Bitcoin Miner Rhodium Going Public Through Reverse Merger With SilverSun Technologies
29.9.2022
Rhodium postponed a $1.7 billion IPO back in January
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn
29.9.2022
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium...
Bitcoin Miner Core Scientific Should Weather Crypto Storm, Analyst Says
27.9.2022
Compass Point gave Core a buy rating and $4 price target
Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market
27.9.2022
Galaxy Digital and Polychain Capital led the Series A funding
B Riley to Take $100 Million Equity Stake in Publicly Listed Bitcoin Miner Iris Energy
26.9.2022
Publicly traded sustainable Bitcoin (BTC) mining firm Iris Energy has signed a deal with investment bank B. Riley Financial per which the latter can buy up to $100 million in equity over the next two years.
According to the filing with the US Securities and Exchange Commission (SEC), B. Riley...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million
26.9.2022
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following...
ETH Merge Forks, Quantum Computing, Biden Draining Oil Reserves, DOJ Targets Criminal Crypto Use — Week in Review
25.9.2022
With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantum world is getting closer, and vulnerable cryptography will need to be protected. Amidst red...
B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy
23.9.2022
Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection
23.9.2022
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay...