Mining Financial News

04.12 / 09:35

Adoption Mining Bitcoin Miner Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009

Online forums are integral to the Bitcoin origin story, where Satoshi Nakamoto and early contributors collaborated to discuss and create a disruptive financial system from scratch. One of the oldest Bitcoin forums — bitcointalk.org — still preserves historical discussions around creating the Bitcoin (BTC) logo and the payment system.

04.12 / 00:41

business Mining FTX Alameda Research invested $1.15B in crypto miner Genesis Digital: Report

Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX's sister company and in the center of the exchange's bankruptcy. Documents disclosed by Bloomberg on Dec. 3 show that Genesis Digital raised $1.15 billion from Alameda in less than nine months.

27.11 / 10:19

Adoption Mining Lightning Network Bitcoin Bitcoin mining revenue lowest in two years, hash rate on the decline

The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the Bitcoin hash rate over the past month has allowed miners to recoup losses.

23.11 / 17:49

Mining SEC Bitcoin Bitcoin Miner Bitcoin Miner Firm Core Scientific Posts $400 Million Quarterly Loss – Bankruptcy Soon?

Bitcoin (BTC) mining firm Core Scientific could be next in line for a bankruptcy filing, after posting a loss of well over $400m in the third quarter.

22.11 / 08:41

Mining Bitcoin Iris Energy to cut mining hardware after defaulting on $108M loan

Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan.

18.11 / 20:59

Mining regulation Russian bill would legalize crypto mining, sales under ‘experimental legal regime’

A bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 that would legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency cannot currently be used for settlements in Russia.

18.11 / 02:11

Ethereum Mining NVIDIA Bitcoin Nvidia Chipmaker Crypto-Related Revenue Beat Expectations Despite Bear Market

The crypto related revenue for the major chipmaker Nvidia reached $5.93bn in revenue for the third quarter. The figure was higher than expected, despite a slump in demand from both crypto miners and gamers.

14.11 / 16:39

business Mining Bitcoin Low Bitcoin Miner Bitcoin miner Canaan scales operations despite low earnings, CEO says

Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO.

13.11 / 16:31

Blockchain Mining fees transactions What is a Helium miner and how does it work?

Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated circuits (ASICs). Alternatively, they can use smartphones powered by Android and iOS systems to mine the cryptocurrencies of their choice.

12.11 / 17:35

Blockchain Mining proof-of-work Bitcoin What is a 51% attack and how to detect it?

Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV (BSV), Litecoin (LTC) and Ethereum Classic (ETC) have been subject to 51% attacks several times in the past. While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or a majority attack as it is also called, occurs when a group of miners or an entity controls more than 50% of the blockchain’s hashing power and then assumes control over it.

11.11 / 17:35

Adoption Mining Bitcoin Shell Oil Giant Shell Makes Move Into Bitcoin Mining Industry – Here’s What You Need to Know

One of the largest oil and gas companies in the world, Shell, aims to offer its lubricant and cooling solutions to bitcoin (BTC) miners.

09.11 / 07:29

Mining Bitcoin Marathon Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO

Bitcoin (BTC) mining company Marathon Digital Holdings is now understood to be the second-largest holder of Bitcoin in the world among publicly-listed companies.

04.11 / 01:05

business Mining Electricity Crypto miners Quebec's energy manager to seek government approval to stop powering crypto miners

Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms.

03.11 / 00:49

business Mining SEC Bitmain Bitcoin mining firm Bitdeer could delay public offering till 2023

Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on Nasdaq delayed a year depending on a vote from shareholders of Blue Safari Group Acquisition Corp.

03.11 / 00:49

ETF Mining Bitcoin crypto ETFs Three crypto ETFs to be delisted in Australia as crypto winter continues

The companies behind the Cosmos Purpose Ethereum Access ETF, Cosmos Purpose Bitcoin Access ETF, and Cosmos Global Digital Miners Access ETF filed a request to revoke their quotations on Cboe Australia, according to letters disclosed on Nov. 2.

02.11 / 08:13

Mining Oil and Gas Bitcoin BTC Mining Record hash rates may see Big Oil become a major BTC mining player

Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants.

01.11 / 23:59

business Law Mining Bankruptcy Financial Core Scientific may consider bankruptcy following uncertain financial condition: Report

Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers.

31.10 / 15:43

business Mining Bitcoin Bitcoin Price financing Argo Blockchain is at risk of closing if it fails further financing

The London Stock Exchange-listed cryptocurrency firm Argo Blockchain has warned that it’s at risk of ceasing operations due to a lack of financing.

29.10 / 15:53

Ethereum Mining Investments Trading How to earn passive crypto income with Ethereum?

The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses.

26.10 / 23:47

markets Blockchain Mining analysts Bitcoin analysts map out the key bull and bear cases for BTC’s price action

Research has detailed Bitcoin’s recent record-low volatility and while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support.

25.10 / 22:19

markets Mining Bitcoin Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

October witnessed a surge in Bitcoin’s (BTC) hash rate which is pushing the metric to a new high of 245 Exahashes per second. These changes led to a sharp decrease in the hash price, resulting in a drop in the profit margins for BTC miners reaching a low of $66.8 USD/PH (per one quadrillion hashes per second) on Oct. 24, 2022.

Mining Financial News

popular questions about Mining

What is Mining and why is it relevant?

Where can I find the latest updates on Mining?

How can I verify the accuracy of information on Mining?