Mining Financial News

05.07 / 14:17

Adoption Mining Environment Bitcoin Bitcoin Miner Heating a home with a Bitcoin miner: Staying warm with sats

Bitcoin (BTC) miners emit a lot of heat.

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.

28.06 / 05:03

Mining exchanges Bitcoin Bitcoin miners send record $128M in revenue to exchanges

Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges.

27.06 / 18:43

Mining coinbase Bitcoin 2024 Coinbase Offers $50 Million Loan to Crypto Miner Hut 8 in Preparations for 2024 'Halving'

Coinbase has offered to lend $50 million to Hut 8, one of the world’s largest publicly traded Bitcoin (BTC) mining firms, the latter firm said in a press release.

27.06 / 06:51

business Blockchain Adoption Mining Bitcoin Riot 2024 Riot Platforms Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.

22.06 / 18:51

Mining Core Scientific Bitcoin Bitcoin Miner Bankrupt Bitcoin Miner Core Scientific Presents Chapter 11 Plan, Optimistic of Successful Revival

The troubled US-based Bitcoin (BTC) miner Core Scientific has filed its reorganization plan under Chapter 11 of the US bankruptcy law, and now plans to convert debt to equity for creditors.

22.06 / 13:07

Mining Bitcoin CleanSpark Spends $9.3 Million on New Bitcoin Mining Facilities to Accommodate 6,000 Miners – Is Bitcoin Mining Still Profitable?

Bitcoin (BTC) mining firm CleanSpark is expanding its operations with the acquisition of two Bitcoin mining sites in Dalton, Georgia, for $9.3 million.

22.06 / 13:07

Mining crypto mining Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported

Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.

21.06 / 16:33

business Mining Bitcoin CleanSpark buys two Bitcoin mining campuses for $9.3M

Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal.

21.06 / 09:01

business Technology Mining Bankruptcy Bitcoin Bitcoin Miner Bitcoin miner Core Scientific files its Chapter 11 plan

A Chapter 11 plan for bankrupt Bitcoin (BTC) miner Core Scientific has been filed in line with its Chapter 11 proceedings.

16.06 / 07:04

business Hackers hacks Mining regulation exchanges Mixers Here’s how hackers are using mining pools as mixers: Chainalysis

While good actors within the crypto space channel their creativity toward building new things, bad actors use the same energy to devise more ingenious ways to hide their ill-gotten gains.

16.06 / 04:47

markets Mining Bitmain Bitcoin Bitcoin Price BTC Mining Buying Bitcoin is preferable to BTC mining in most circumstances — Analysis

While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise.

12.06 / 20:37

markets Mining Bitcoin Bitcoin Price Bitcoin on-chain data shows miners offloading BTC as revenues shrink

Bitcoin’s on-chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well as mining difficulty and hash rate reaching an all-time high.

09.06 / 08:55

Stablecoin Adoption Mining Investments Tether Bitcoin Tether’s game plan in El Salvador: Why invest in Volcano Energy?

Stablecoin issuer Tether has dipped into its war chest to invest in El Salvador’s $1 billion renewable energy project to help drive Bitcoin (BTC) adoption in the Central American nation.

08.06 / 21:57

Blockchain Mining Research Science Bitcoin Quantum miners would yield ‘massive’ energy savings for blockchain: Study

A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions.

03.06 / 13:51

business Mining regulation Energy renewable energy Taxes Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.

02.06 / 12:17

Blockchain UPS Twitter BLOCK Mining proof-of-work Bitcoin Future Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto?

A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling.

02.06 / 06:07

Mining Hash Rate Bitcoin BTC Mining Bitcoin mining firms keep building despite BTC mining profitability slump

Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements.

30.05 / 16:51

business Stablecoin Mining Tether Tether moves into Bitcoin mining in Uruguay

Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay.

30.05 / 13:53

Stablecoin Mining Tether Bitcoin Tether Plans Bitcoin Mining in Uruguay

Tether is launching bitcoin mining in Uruguay.

30.05 / 12:27

Government Mining regulation Taxes lawmaker Deal Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson.

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