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Tag: mining

Everything you need to know about crypto mining.

Crypto Firms Bitfarms and Riot Platforms Reach an Agreement

Reading Time: < 1 minuteA joint settlement agreement has been reached between rival Bitcoin mining companies, Riot Platforms and Bitfarms, effectively ending Riot’s attempted hostile takeover.

September 24, 2024September 24, 2024 Chris Smith News

CleanSpark Purchases 2 Mining Sites in Mississippi

Reading Time: < 1 minuteBitcoin miner CleanSpark has recently acquired two Bitcoin mining sites and accompanying land in Clinton, Mississippi, with a combined purchase price of $5.775 million.

September 18, 2024September 18, 2024 Tony Pearce News

Bitcoin Miner Wins $180,000 Reward After Solving a Block

Reading Time: < 1 minuteOne individual Bitcoin miner has accomplished a rare achievement by solving a block on their own, earning them approximately $180,000.

September 11, 2024September 11, 2024 Chris Smith News

Japanese Energy Company TEPCO to Venture into Green Mining

Reading Time: < 1 minuteA subsidiary of TEPCO, a Tokyo-based company, is venturing into Bitcoin mining with the goal of using renewable energy that would otherwise go to waste. 

September 9, 2024September 9, 2024 Tony Pearce News

Thailand’s Police Raids an Illegal Bitcoin Mine

Reading Time: < 1 minuteOn Sunday, Thailand’s police and electricity authorities revealed that they had conducted a raid on an illegal bitcoin mine located in a local town.

August 26, 2024August 26, 2024 Tony Pearce News

Mining Firm Bitfarms Purchases Rival Stronghold Digital Mining

Reading Time: < 1 minuteBitcoin mining company Bitfarms has purchased Stronghold Digital Mining for approximately $125 million, including assumed debt of $50 million.

August 22, 2024August 22, 2024 Tony Pearce News

Malaysian Authorities Destroy Almost 1,000 BTC Mining Devices

Reading Time: < 1 minuteMalaysian authorities have destroyed 985 Bitcoin mining machines worth approximately 1.98 million Malaysian ringgits ($452,500). 

August 21, 2024August 21, 2024 Tony Pearce News

Bitcoin’s Mining Profitability Falls to All-time Low

Reading Time: < 1 minuteThe recent increase in the Bitcoin network hashrate has caused a decline in the stock value of BTC mining companies that had recently gained from their investments in artificial intelligence (AI).

August 19, 2024August 19, 2024 Tony Pearce News

Marathon Digital to Purchase Additional Bitcoins

Reading Time: < 1 minuteMarathon Digital Holdings plans to privately offer $250 million worth of convertible senior notes to qualified institutional buyers.

August 13, 2024August 13, 2024 Chris Smith News

Hut 8 Hires a New CFO

Reading Time: < 1 minuteHut 8, an energy infrastructure company and miner of Bitcoin, revealed on Tuesday its upcoming addition of a new chief financial officer later this month.

August 6, 2024August 6, 2024 Tony Pearce News

Miner Riot Platforms Buys Block Mining

Reading Time: < 1 minuteIn a $92.5 million transaction, Riot Platforms has acquired Block Mining, a bitcoin miner based in Kentucky.

July 24, 2024July 24, 2024 Tony Pearce News

FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024

Reading Time: 3 minutesSingapore, Singapore, 4th July 2024, Chainwire

July 4, 2024July 4, 2024 chainwire Press releases

Bitfarms Mines 21% More Bitcoins in June

Reading Time: < 1 minuteAs Bitfarms faces a potential takeover bid from Riot Platforms, the company’s mining operations have been steadily recovering since the Bitcoin halving in April.

July 2, 2024July 2, 2024 Tony Pearce News

T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin

Reading Time: < 1 minuteTelecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.

June 18, 2024June 18, 2024 Chris Smith News

Trump Wants Bitcoin to Be Mined in the US

Reading Time: < 1 minuteFormer US President Donald Trump showed his support for bitcoin mining during a meeting with several bitcoin miners at his Mar-a-Lago resort on Tuesday night.

June 12, 2024June 12, 2024 Chris Smith News

Bitfarms Mining Revenue Falls 45%

Reading Time: < 1 minuteBitcoin mining firm Bitfarms has released its latest monthly production data, shedding light on how the Bitcoin halving has affected its profitability and raising concerns about potential consolidation in the industry.

June 4, 2024June 4, 2024 Tony Pearce News

Bitnomial and Luxor Roll Out a Bitcoin Mining Derivatives Product

Reading Time: < 1 minuteLuxor Technology Corporation and Bitnomial Inc. have teamed up to launch a new Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange.

May 29, 2024May 29, 2024 Chris Smith News

Venezuela Bans Crypto Mining

Reading Time: < 1 minuteThe Ministry of Electricity in Venezuela has announced plans to disconnect all cryptocurrency mining farms from the national electric system in order to control energy demand.

May 20, 2024May 20, 2024 Chris Smith News

Bitfarms Fires its CEO

Reading Time: < 1 minuteMining company Bitfarms has expedited the termination of CEO Geoffrey Morphy following his decision to sue the company, according to a recent press release.

May 14, 2024May 14, 2024 Tony Pearce News

Bitcoin Mining Difficulty Falls by More Than 5%

Reading Time: < 1 minuteDue to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.

May 10, 2024May 10, 2024 Chris Smith News

A Solo Miner Solves a Valid Block and Wins 3.125 BTC Reward

Reading Time: < 1 minuteA lone Bitcoin miner has accomplished a remarkable feat by solving a Bitcoin block on their own, earning the full 3.125 Bitcoin block reward.

April 29, 2024April 29, 2024 Chris Smith News

SEC Files Lawsuit Against Crypto Mining Firm Geosyn

Reading Time: < 1 minuteThe US Securities and Exchange Commission has filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors out of $5.6 million.

April 26, 2024April 26, 2024 Tony Pearce News

PayPal Makes Proposal to Incentivize Green Crypto Mining

Reading Time: < 1 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.

April 23, 2024April 23, 2024 Chris Smith News

Coinify CEO Says Bitcoin Mining Will Become Unprofitable After Tomorrow’s Halving

Reading Time: < 1 minuteCEO of Coinify, Ricky Stier, has cautioned miners that they may face unprofitable mining operations after the halving and urges them to review their strategies to stay productive.

April 19, 2024April 19, 2024 Tony Pearce News

Sweden Tax Authority Requests $90M from Crypto Miners

Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).

April 19, 2024April 19, 2024 Chris Smith News

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