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Bitcoin Miner Stronghold Looking at Options, Including Sale of Company
2.5.2024
The miner is looking at options including sale of all or part of the company and other strategic transactions
Bitcoin halving sees Bitfarms’ BTC mining earnings plummet
2.5.2024
Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second (EH/s) with a $240 million investment
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
The post Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations appeared...
Arkansas bills reining in crypto miners heads for governor approval
2.5.2024
Arkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law which will regulate miners’ noise, water use and licensing
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
2.5.2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall...
Bitcoin miner Riot Platforms reports record $211M Q1 net income
2.5.2024
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine
Proposed US bill wouldn’t allow taxing block rewards at acquisition
1.5.2024
If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired
Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value
1.5.2024
In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56...
Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard
1.5.2024
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in...
‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
1.5.2024
CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven’t shown any signs of capitulation
Bitcoin Minetrix Launches on Uniswap, Announces 10% Token Burn as $BTCMTX Price Set to Skyrocket
1.5.2024
Revolutionary bitcoin cloud mining token Bitcoin Minetrix ($BTCMTX) launched on DEXs today after raising $14 million in presale – its price is now expected to rocket on the back of newly announced burn and possible buyback initiatives. At 4pm today Bitcoin Minetrix announced a 400,000,000 token...
Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings
30.4.2024
This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development follows the network’s fourth halving and occurs amid a period when Bitcoin’s hashprice...
Coal Giant Alliance Resource Has Been Mining Bitcoin Using Excess Electricity Since 2020
30.4.2024
Alliance Resource Partners (ARLP), a prominent coal mining company listed on the NASDAQ, has mined $30 million worth of Bitcoin by utilizing excess power at its facilities.
The post Coal Giant Alliance Resource Has Been Mining Bitcoin Using Excess Electricity Since 2020 appeared first on Cryptonews
Dead protocol leaks crypto funds from hacked pool
30.4.2024
Approximately $181,000 worth of crypto assets was drained from Yield Protocol’s strategic contracts present on the Arbitrum blockchain
Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC
30.4.2024
The $2.8 billion coal giant said that it is mining bitcoin with the excess power it generates
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
30.4.2024
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging...
New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining
30.4.2024
Russian lawmakers are set to legalize the nation’s industrial crypto mining sector, but could impose limits on home-based “private” miners.
The post New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining appeared first on Cryptonews
Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving
29.4.2024
Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards
Thailand Authorities Seize Over $5M Worth of Crypto Mining Devices in Electricity Theft Investigation
29.4.2024
Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than $5m.
The post Thailand Authorities Seize Over $5M Worth of Crypto Mining Devices in Electricity Theft...
Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block
29.4.2024
The solo miner netted around $200,000 in rewards for validating block 841,286