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Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
5.4.2024
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March...
Bitcoin Mining’s Boon for Small Town America
5.4.2024
Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported
Paraguay Proposes Bitcoin Mining Ban Citing Power Issues
5.4.2024
14 Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, and banning crypto mining farms in the territory.
The post Paraguay Proposes Bitcoin Mining Ban Citing Power Issues appeared first on Cryptonews
Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
3.4.2024
On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed...
Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts
1.4.2024
Bitfarms reported a slight dip in its Bitcoin (BTC) production for March 2024, as it produced 286 BTC, reflecting a decrease of 5% from February and 33% year-over-year.
The post Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts appeared first on Cryptonews
Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts
1.4.2024
Bitfarms reported a slight dip in its Bitcoin (BTC) production for March 2024, as it produced 286 BTC, reflecting a decrease of 5% from February and 33% year-over-year.
The post Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts appeared first on Cryptonews
Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event
1.4.2024
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners —...
Bitcoin Halving Countdown Contest – $1000 Grand Prize
1.4.2024
As the cryptocurrency community counts down to the 4th Bitcoin halving, expected to take place between April 18 to April 22, Bitcoin.com is launching an exciting new contest to bring attention to and educate about this critical moment in Bitcoin’s history. $1000 giveaway Bitcoin.com is thrilled...
Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash
29.3.2024
On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of approximately 234 terahash per second (TH/s)...
Cleanspark’s Stock Tumbles 10% After Plans to Sell $800 Million in Shares
29.3.2024
Bitcoin miner Cleanspark’s stock plunged 10% in after-hours trading after revising its at-the-market (ATM) offering agreement to sell up to $800 million of its stock, a decision that would dilute CLSK shares by 19%, given its $4.2 billion market capitalization. The adjustment from an initial...
Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion
28.3.2024
Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders...
Marathon Digital Holdings Unveils ‘M’ Block Art on Bitcoin Blockchain
27.3.2024
Bitcoin miner Marathon Digital Holdings has crafted a block that prominently displays the letter “M” by carefully arranging transactions and fee rates within its mining pool. This novel approach introduces a creative twist to block creation in the blockchain realm. Despite this innovative step...
Pennsylvania State, Crypto Miner Sued for Polluting Environment
27.3.2024
Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining for environmental contamination through Bitcoin mining.
The post Pennsylvania State, Crypto Miner Sued for Polluting Environment appeared first on Cryptonews
Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025
26.3.2024
The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These advanced rigs are slated for setup within Bitdeer’s...
Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations
26.3.2024
This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100...
Bitcoin Miner Arkon Energy Plans Public Listing in Amsterdam Through Merger With Shell Company
26.3.2024
The two parties agreed on a 90-day mutual exclusivity period on Feb. 21 to work toward a definitive agreement
Iceland’s Prime Minister Vows to Prioritize Food Security Over Bitcoin
26.3.2024
Iceland’s Prime Minister Katrín Jakobsdóttir has vowed to focus more power on producing food internally while reducing the energy expenditure in data centers and bitcoin mining. Jakobsdóttir stated that while the country was working to achieve carbon neutrality, bitcoin and cryptocurrencies...
El Salvador Keeps Buying BTC, Top BTC Mining Rigs, Blackrock’s New ‘BUIDL’ Fund, and More — Week in Review
24.3.2024
El Salvador continues its daily bitcoin purchases, aiming to keep buying until the cryptocurrency becomes too expensive. The top 10 bitcoin mining rigs of 2024 show significant profit margins due to recent value increases. Blackrock, has submitted a form to the SEC for the initiation of a tokenized...
UK Court Convicts Woman Found With More Than $4.3 Billion in BTC
23.3.2024
A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical...
LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody
22.3.2024
The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin...