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Bitcoin Mining Rig Maker Canaan Secures $50 Million In Preferred Shares Sale
26.1.2024
Bitcoin (BTC) mining rig manufacturer, Canaan Inc has raised $50 million in a new funding round by selling preferred shares. The company disclosed the development in a recent filing at the Securities and Exchange Commission (SEC) stating that funds raised will be deployed to expand research...
OKX to End Crypto Mining Pool-Related Services Over Realignment
26.1.2024
Centralized crypto exchange OKX said on Friday that it will soon shut down its Mining Pool and related services due to business adjustments. New user registrations for the Mining Pool will no longer be accepted starting Jan. 26. Meanwhile, existing users can continue to use the service until Feb....
Many Bitcoin Miners Struggle to Make Profits: Cantor Fitzgerald
26.1.2024
Bitcoin mining is getting less profitable as many publicly traded miners might face potential profitability challenges following the next Bitcoin halving event. According to a recent report by Cantor Fitzgerald, 11 major mining companies, including Marathon Digital (MARA), Riot Platforms (RIOT)...
Swan Bitcoin Expands into Mining, Plans Public Listing
26.1.2024
Swan Bitcoin, a firm specializing in Bitcoin-focused financial services, has recently launched its bitcoin mining unit named Swan Mining. According to Swan Bitcoin’s recent announcement, the “stealth mode” Swan Mining began operating in Summer 2023 and has already mined 750 Bitcoins to date....
Russian Crypto Miners Blamed for Siberia Power Outages
26.1.2024
Russian power providers say crypto miners are to blame for “mass” electricity outages during recent cold snaps. Per Interfax, Rosseti Siberia, the local branch of the state-run power provider Rosseti, “recorded an increase in the volume of illegal mining at the end of 2023 in a number of regions...
Swan Bitcoin Unveils Stealth Mining Operations, Eyes 8 EH/s Goal by 2024 Amid Industry Expansion
25.1.2024
The Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this point, Swan’s mining subsidiary has successfully...
Russia Mulls Cryptocurrency Mining Disconnection Proposal
25.1.2024
Cryptocurrency miners might be disconnected for up to 500 hours per year in Russia, according to a proposal supported by the State Duma Energy Committee to tackle the energy deficit in some regions. The initiative would be an alternative to introducing special tariffs directed to miners that would...
Swan Bitcoin Unveils Mining Unit as Parent Company Prepares to Go Public
25.1.2024
The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
25.1.2024
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful acquisition of $25 million in a similar preferred share...
Is Binance Coin About to Crash? BNB Price Turns Red as Ethereum-Based Bitcoin Mining Protocol Raises $9.2 Million
25.1.2024
Binance coin has turned red as BNB tumbles away from double-topped resistance, but with price heading south is Binance Coin about to crash? Find out in this BNB price analysis. Indeed, this downside move comes despite bullish developments on-chain for Binance Coin, with yesterday witnessing...
Russian Crypto Miners Fume at Moscow’s Plans to Raise Their Electricity Tariffs
25.1.2024
Russia’s biggest crypto mining industry association has hit out at Moscow’s plans to increase electricity tariffs for miners. The Ministry of Energy wants miners to fork out between two and five times more than they currently pay. As mining is not yet classified as a state-recognized form...
Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
24.1.2024
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to...
X Mining Is Paving a New Path for Bitcoin Mining via Tokenized Staking and Improved Sustainability in January 2024
24.1.2024
X Mining is a hot new cloud mining platform designed to revolutionize how individuals engage with Bitcoin mining in 2024. By integrating the convenience of tokenized staking with the reliability of blockchain, X Mining is set to democratize access to Bitcoin mining, making it accessible...
Bitcoin Miner Hut 8 Hits Out at Short-Selling Report
24.1.2024
The report by short-selling firm JCapital Research led to HUT sliding more than 23% on Jan. 18
Report: Bitcoin Mining Sustainable Energy Usage Reaches 54.5%
24.1.2024
Daniel Batten, co-founder of CH4 Capital, reported that bitcoin mining has reached all-time high levels of sustainable energy usage and emissions mitigation. According to Batten, 54.5% of the energy used for this activity is sustainable, and the industry is mitigating 7.3% of all its emissions...
Bitcoin Miner Core Scientific Announces Post-Bankruptcy Comeback to Return to Nasdaq
24.1.2024
Core Scientific has announced its return to the Nasdaq following a comprehensive reorganization post-bankruptcy. According to Core Scientific’s recent release, the Bitcoin miner has emerged from its Chapter 11 bankruptcy with a significantly strengthened financial position. The reorganization...
Iris Energy Boosts Bitcoin Mining Capacity to 6 EH/s, Eyes 20 EH/s Milestone by H2 2024
23.1.2024
According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining operation has increased its operating capacity to 6 exahash per second (EH/s) and expects an additional 4 EH/s to be online by the first half of 2024. Iris Boosts Mining Capacity to 6 EH/s Amidst IREN Share...
Is Sei Going to Crash? SEI Price Drops 20% as a New Mining Protocol Shakes Up the Market
23.1.2024
Sei Network has experienced a worrying -20% drop in SEI price. But can SEI price analysis predict a potential crash ahead of Sei Network V2? This retracement follows market-wide optimism regarding the upcoming Sei Network V2 upgrade. The upgrade aims to introduce a fully parallelized EVM. $SEI...
BitRiver – Bitcoin Mining More Profitable in Russia Than US
23.1.2024
The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy. Per RBC, Igor Runets, the Founder and CEO of BitRiver, said the difference would likely become more...
Is Chainlink Going to Crash? LINK Price Turns Red as New Mining Protocol Takes the Limelight
22.1.2024
Chainlink price turns red as LINK price analysis reveals localized retracement in aftermath of cross-chain stablecoin infrastructure rally. The downside move comes after a joint announcement with Circle on January 16 triggered a +11.38% move on the chart. $LINK testing the drop-off#altcoins...