Cloud Mining Financial News

03.07 / 10:57

Blockchain Mining Cloud Mining Bitcoin Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing

Hut 8 Mining is seeing new demand for artificial intelligence (AI) and high-performance computing as it looks to reenergize some 6,400 rigs being moved from its inactive North Bay site in Ontario, Canada.

29.11 / 22:23

Mining Fraud Ponzi scheme Cloud Mining Bitcoin Extradition Estonian court nixes extradition of accused crypto scammers to US

Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin (BTC) cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, according to a local press report.

08.11 / 21:57

gala meme coins Toncoin Cloud Mining Best Crypto Best Crypto To Buy Now Kaspa Best Crypto to Buy Now November 8 – Toncoin, Kaspa, Gala

Gala seems to be one of the best crypto to buy now, as the Gala price is surging by over 8% following the project’s participation in Binance Blockchain Week in Istanbul.

26.10 / 21:15

Best crypto to buy today crypto mining gala meme coins Cloud Mining Best Crypto to Buy Now October 26 – GALA, The Graph, GMX

Bitcoin is experiencing a marginal dip today after having consecutive green closes for nearly a week. While Bitcoin takes a pause, investors are contemplating top options such as GALA, The Graph, and GMX, as well as crypto presales like Bitcoin Minetrix and Meme Kombat, in search of the best crypto to buy now.

24.10 / 22:09

Best crypto to buy today Filecoin Cloud Mining Bitcoin Price Best Crypto To Buy Now Mina Protocol Best Crypto to Buy Now October 24 – Mina Protocol, Conflux, Filecoin

The crypto market is heating up, with Bitcoin surpassing $35,000 for the first time since May 2022. As prices climb, investors are searching for the best crypto projects to buy now amid the bullish momentum. Experts are analyzing both established coins with sound fundamentals as well as up-and-coming crypto presales for their growth potential.

11.10 / 13:11

Blockchain Adoption Mining Machine Learning GPU Cloud Mining network Startup demos upcoming decentralized GPU infrastructure network to OpenAI, Uber

A project that started out as an institutional-grade quantitative trading system for cryptocurrencies and stocks has transitioned to become a decentralized network sourcing GPU computing power to serve increasing demand for AI and machine learning services.

29.08 / 13:13

business Mining Mining Pools Cloud Mining Bitcoin Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and Bitcoin (BTC) mining revenues, while it tackled a significant net loss of $110 million — up 31% on Q1.

29.08 / 09:15

business Mining Mining Pools Cloud Mining Bitcoin Argo Blockchain cuts 2022 debt by half, down to $75M

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.

25.08 / 03:31

business Mining Cloud Storage Cloud Mining Dropbox ditches unlimited storage offering, blaming crypto cloud miners

The online storage platform Dropbox has binned its unlimited storage plan after discovering some of its users were using the service for resource-intensive purposes like mining crypto.

16.06 / 03:19

business Binance Cloud Services Cloud Mining Bitcoin services Binance launches Bitcoin mining cloud services amid SEC crackdown in the US

Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining.

20.04 / 20:53

business Funding Venture Capital Cloud Mining Former Ethereum miner CoreWeave raises $221M in Series B

On Apr. 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.

16.03 / 19:19

business Mining Altcoin Cloud Mining Bitcoin Crypto mining in 2023 — Is it still worth it? Watch Market Talks

In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

09.02 / 01:31

business Mining Bitmain Cloud Mining Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7.

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