Mining Financial News

09.05 / 10:45

Mining Core Scientific Bitcoin Core Scientific Records $211 Million Net Income in Q1 2024

Core Scientific announced its financial results for the first quarter of 2024, highlighting a significant recovery with a net income of $211 million.

24.02 / 10:59

cryptocurrency Binance Mining Liquidity Pi Coin price plunges over 55% after launch: 5 factors behind the sharp drop!

Pi Coin’s much-anticipated debut on the open market has taken a sharp downturn, shedding more than 55% of its value within 24 hours of its official launch. The cryptocurrency, developed by Pi Network, launched Thursday on exchanges including OKX, Gate.io, and Bitget with initial prices peaking above $2. By Friday morning, Pi Coin had plummeted to $0.78 as traders and analysts scramble to assess its future.

12.07 / 17:08

Mining EthCC SKALE Labs Launches Pacifica to Speed up Block Mining

Ethereum scaling project SKALE Labs has launched the Pacifica V3 upgrade which will speed up block mining and transactions by over 100%.

13.06 / 06:43

Mining Bitcoin Bitcoin Mining Stocks Surge After Trump’s Pledge to Support Operations in the US

Bitcoin mining stocks experienced significant gains on Wednesday, following a promise by United States presidential candidate Donald Trump to boost mining operations within the country.

29.05 / 08:25

Mining Bitfarms Riot Platforms stake Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer

Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected.

11.04 / 12:17

Mining Bitcoin Halving Bitcoin Auradine Raises $80 Million in Series B Round Before Bitcoin Halving

Bitcoin mining equipment manufacturer Auradine has raised $80 million in a Series B funding round to expand its footstep in blockchain, security, and artificial intelligence industries.

09.04 / 07:57

Mining Bitcoin Halving Bitcoin Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining

Bitcoin halving, a critical event for the network and the cryptocurrency market, particularly impacts the mining sector by reducing the Bitcoin reward by half.

16.02 / 15:58

Kucoin ETF Mining Bitwise Bitcoin ETF Among Top 25 Fastest ETFs to Reach $1 Billion in Assets + More Crypto News

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

09.02 / 16:59

Twitter Mining BitPanda Deepfakes Accelerating Crypto Scams on Twitter + More Crypto News

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

26.01 / 23:05

Mining Bitcoin AI and Crypto Mining to More Than Double Energy Use by 2026, Report Says

The International Energy Agency (IEA) anticipates substantial increases in energy consumption from crypto mining and artificial intelligence (AI) in the coming years, with projections suggesting a more than 30% surge by 2026.

25.01 / 11:49

markets Mining HSBC Banks UK companies Oil HSBC regains crown as top UK dividend payer for first time since GFC

Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted.

17.01 / 13:00

Mining Bitmain Bitcoin Bitcoin Miner Bitcoin Miner Core Scientific Overcomes Bankruptcy, Eyes Stock Market Return

The major US-based Bitcoin miner Core Scientific has emerged from bankruptcy. The company is now preparing to return to the stock market.

05.01 / 15:22

Mining BitMEX Bitcoin BitMEX Sends Bitcoin to the Actual Moon on Board of Peregrine + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

05.01 / 10:46

Mining Africa Bitcoin Bitcoin is a Liberating Force for an African Village Mining It

A village in Malawi is full of “happy people” – thanks to Bitcoin mining.

02.01 / 12:50

cryptocurrency Mining Tax Hydropower Fuels Kyrgyzstan’s Crypto Mining Industry

Kyrgyzstan’s water-rich environment has the potential to provide a necessary boost for the country’s crypto mining industry – but that power is currently difficult to access.

28.12 / 13:01

Mining Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire

Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations.

11.12 / 15:43

Mining JPMorgan Bitcoin CleanSpark Bitcoin Miner Bitcoin Miner CleanSpark Shifts to Neutral in JPMorgan’s Ratings

The major Wall Street investment bank JPMorgan has adjusted its price targets and ratings for several Bitcoin mining stocks, including CleanSpark and Riot Platforms.

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.

27.11 / 10:10

business Blockchain Mining Bitcoin Crypto miner Hive expands data center operations in Sweden

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.

21.11 / 15:23

business Mining SEC lending Celsius reorganization Celsius entity to focus only on mining under proposed reorganization plan

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).

17.11 / 11:35

Blockchain Mining Bitcoin AI's energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder

AI and machine learning (ML) is demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin miners are not jumping on the bandwagon just yet.

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