Mining Financial News
19.09 / 23:25
Mining
Analysis
Opinion
BTC Markets
2024
How Bitcoin miners can survive a hostile market — and the 2024 halving
Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%.
18.09 / 12:55
business
Mining
Mining Pools
Bitcoin
USBTC
Hut 8 receives greenlight from Canadian Supreme Court for USBTC merger
Canadian Bitcoin mining firm Hut 8 is set to wrap up its planned merger with US Bitcoin (USBTC) following final approval from the Supreme Court of British Columbia.
15.09 / 17:33
Mining
Celsius
Core Scientific
Deal
settlement
Celsius and Core Scientific Reach $45 Million Settlement Deal Following Mining Facility Dispute
Digital asset miners Core Scientific and Celsius Mining have struck a $45 million deal over the Cedarvale mining site after months of litigation.
15.09 / 17:03
Law
Mining
regulation
Celsius
settlement
Celsius and Core Scientific propose $14M settlement for litigation
Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle that had been ongoing for months.
15.09 / 10:37
Blockchain
Mining
Mining Pools
Bitcoin
Returns
Miner returns over $500k in BTC transaction fee overpayment to Paxos
The Bitcoin (BTC) miner who received the 19.8 BTC in fees has returned the funds to blockchain infrastructure firm Paxos, after its claims that the company made the mistake of paying over $500,000 in BTC transfer fees.
14.09 / 09:39
business
Mining
fees
Paxos
Rewards
Bitcoin
Bitcoin Miner
Bitcoin miner mulls refunding 20 BTC reward to Paxos
A Bitcoin (BTC) miner who mistakenly received 20 BTC — worth over $500,000 — from crypto exchange Paxos for settling a 0.008 BTC ($200) transaction is now reconsidering their decision to return the jackpot to its rightful owner.
13.09 / 19:33
business
Blockchain
Mining
wallet
fees
Bitcoin Wallet
Bitcoin
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end users have not been affected and all user funds are safe. Paxos is most well-known as the issuer of stablecoins, including PayPal USD (PYUSD) and Pax Dollar (USDP), but also runs a crypto brokerage firm that carries Bitcoin (BTC).
13.09 / 18:31
Mining
ASIC
Mining Pools
Bitcoin
This Bitcoin mining project attracts users with new tokenomics and DeFi opportunities
With Bitcoin mining difficulty at an all-time high, is it too late for beginners to start mining the largest cryptocurrency by market cap? The short answer is No — there are specialized services that make the whole mining process look easy.
13.09 / 16:11
markets
ETF
Mining
SEC
Analysis
Bitcoin
Dollar
Bitcoin at $25K: Discount or disaster?
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Bitcoin’s (BTC) latest bounce at $25,000, which some analysts and influencers argue represents a short-term buying opportunity. Pechman explains that Bitcoin’s inverse correlation with the U.S. Dollar Index has only held for 40% of the previous 20 months, meaning it is likely not a good metric to anticipate price movements.
08.09 / 12:35
07.09 / 21:45
business
Hackers
hacks
Mining
Windows tool targeted by hackers deploys crypto-mining malware
Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco’s Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines.
07.09 / 18:33
COST
Mining
Platform
Strategy
Bitcoin
Riot
Riot Platforms
Bitcoin Miner
Bitcoin Miner Riot Platforms Smart Energy Strategy Yields $31 Million in Savings
Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.
06.09 / 08:49
business
Mining
Mining Pools
Bitcoin
Marathon’s Bitcoin mining rate fell 9% in August
United States-based crypto mining operator Marathon Digital Holdings produced 1,072 Bitcoin (BTC) in August — 9% less than in July but five times more than in August 2022.
05.09 / 02:43
business
Blockchain
Adoption
Mining
Developers
ASIC
Bitcoin
MICRO
NOT
Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors
While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.
04.09 / 20:05
Mining
Bitcoin
Power
Consumption
index
Cambridge University's Bitcoin Mining Index Gets an Upgrade for Precise Power Consumption Analysis – Here's the Latest
The Bitcoin Electricity Consumption Index (CBECI), developed by researchers at Cambridge University’s Centre for Alternative Finance (CCAF), has been upgraded to reveal new information about Bitcoin mining’s global energy consumption.
31.08 / 08:41
Adoption
Mining
Environment
Electricity
ESG
Bitcoin
Consumption
index
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases
Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.
30.08 / 08:51
Mining
regulation
Environment
Mining Pools
Stronghold requests permission to burn tires for crypto mining in Pennsylvania
Stronghold Digital Mining, a Pennsylvanian crypto-mining company, is currently seeking approval to produce up to 15% of its energy using shredded tires, at its Panther Creek plant in Nesquehoning. Local environmental activists are preparing to oppose the initiative.
29.08 / 15:21
Blockchain
Mining
NVIDIA
GPU
Bitcoin
generative AI
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.
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.
28.08 / 09:15
business
Government
Mining
Bitcoin
Laos halts electricity supply to crypto mining projects amid drought
Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.
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