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Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?
31.1.2023
Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?
Core Scientific files motion to sell over $6M in Bitmain coupons
28.1.2023
Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
10.1.2023
Newly-named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
31.12.2022
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated...
2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate
29.12.2022
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded...
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas
29.12.2022
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital...
Bitcoin ASIC miner prices hovering at lows not seen in years
27.12.2022
ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace
Today in Crypto: Binance Introduces 'Pay', Law Firm Announces Lawsuits Against Yuga Labs (and Kevin Hart, Justin Bieber, Serena Williams...)
13.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Introduces 'Pay', Law Firm Announces Lawsuits Against Yuga Labs (and Kevin Hart, Justin Bieber...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
30.11.2022
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only...
Crypto lender Matrixport seeks $100M funding despite lending crisis
25.11.2022
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise
Bitcoin mining firm Bitdeer could delay public offering to 2023
2.11.2022
An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
2.11.2022
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated”...
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million
1.11.2022
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J...
Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash
24.10.2022
On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce...
Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher
16.10.2022
Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network’s computational power surpassed the all-time high (ATH) recorded on October...
Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report
27.9.2022
Jihan Wu, crypto billionaire and founder of bitcoin miner maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, Bloomberg reported Tuesday
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...
While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years
24.9.2022
The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this year. Foundry...