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Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings
Bitcoin miners need BTC price over $98K by the halving — Analysis
4.8.2023
To avoid being in the red, publicly-listed Bitcoin mining companies will need BTC price to be at least $98,000 by the halving next year
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
27.7.2023
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining...
Bitcoin miners still bullish despite toughest bear market yet - Hut8, Foundry, Braiins
21.7.2023
Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record
Bitcoin miners hedging with recent sell-offs - Bitfinex report
19.7.2023
All-time high hashrates and mining difficulty indicates that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions
Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction
10.7.2023
According to data recorded on July 9, 2023, Bitcoin’s next difficulty adjustment is estimated to rise between 4.74% and 7.7%, erasing the 3.26% reduction that occurred on June 28. Moreover, the total network hashrate achieved a 24-hour all-time high on July 8, reaching 538 exahash per second...
Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
6.7.2023
Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location. Mawson Secures Pennsylvania Site, Deploys 2,600...
Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed
1.7.2023
On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...
Texas Bitcoin Miners Scale Back Operations Amidst Heat Wave
28.6.2023
Bitcoin (BTC) miners in Texas have halted operations after a heat wave and subsequent surge in elcetricity price put the state's power grid under pressure.
Crypto miners in the region as well as grid manager the Electric Reliability Council of Texas, or Ercot, have confirmed the pause in mining...
Bitcoin miners send record $128M in revenue to exchanges
28.6.2023
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
27.6.2023
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog
22.6.2023
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to transact onchain is 0.00012 BTC or $3.54 per transaction. Moreover, since June 18, 2023, average fees on the Bitcoin blockchain have increased by more...
Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
5.6.2023
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there are still over 257,000 pending transactions awaiting confirmation. Furthermore, from May 1 onwards, the network has successfully verified anywhere from 355,000 to over...
Cathedra Bitcoin Unveils Plans for Off-Grid Bitcoin Mining in Texas
3.6.2023
On Friday, Cathedra Bitcoin Inc. announced a partnership with 360 Mining, revealing plans to deploy mobile data centers and application-specific integrated circuit (ASIC) bitcoin miners at 360 Mining’s off-grid location in Texas. 360 Mining and Cathedra Bitcoin Announce Texas Bitcoin Mining...
US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s
29.5.2023
Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition...
Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows
26.5.2023
Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty...
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
7.5.2023
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from...
Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023
20.4.2023
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176....
Nifty News: BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more
13.4.2023
Bitcoin transaction fees from Ordinals inscriptions have exploded by 240% over the last month
Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate
25.3.2023
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin...