Bitdeer, a mining company owned by Bitman co-founder Wu Jihan, spent Singapore dollars $40 million (about US$28.4 million) in July to acquire Le Freeport, the highest-security storage facility in Sing...
Tag: Miner
Nasdaq-Listed Bitcoin Miner Terawulf Reveals Firm’s Lake Mariner Site Has 12,000 Miners Deployed – Mining Bitcoin News
Following the publicly-listed mining operation Terawulf’s announcement that the firm’s Lake Mariner mining data center is up and running with 30 megawatts (MW) of capacity, 11 days later, the company ...
Bitcoin Miner Bitfarms Starts Production in Argentina
Bitfarms Ltd, a Bitcoin mining company, headquartered in Quebec, Canada, announced on Monday that it has started mining production in its new facility based in Argentina. The Canadian miner said its h...
Most ETHPoW Miners Will Capitulate Soon, Says Ethereum Miner
Chandler Guo, a miner spearheading Ethereum’s PoW fork, says most Ethereum miners will face bankruptcy soon. With the much-hyped Ethereum Merge now a thing of the past, Ethereum proof-of-work miners f...
Filecoin Crypto Miner RRMine Global Moving to Singapore
On Tuesday, 13th September 2022, Filecoin (FIL) service provider firm RRMine Global announced to shut off its operations in China. The company said its plans to shift to Singapore. The step of the Fil...
90% of PoW Miners Will Go Bankrupt – Predicts Ethereum Miner – Coinpedia – Fintech & Cryptocurreny News Media
The crypto space is celebrating the innovative migration of the Ethereum mainnet; however, this merge does not mean the same for everyone as it brings some woes for miners. The mining difficulty for t...
Norwegian town wants ‘noisy’ Bitcoin miner out, CEO responds
There’s a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest comp...
Volatility Incoming? BTC Miner Transfers to Spot Exchanges Skyrocket Leading into the Merge
Ethereum’s transition to a proof-of-stake governance consensus is estimated to take place in less than a couple of hours at the time of this writing. With this, spot exchanges have seen massive inflow...
Filecoin Miner RRMine Global Shuts Down Market in China, Moves HQ to Singapore
Decentralized storage network Filecoin miner RRMine Global announced that it will withdraw from the Chinese mainland market and close its business in mainland China, moving its headquarters to Singapo...
Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site – Bitcoin News
Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, C...
Here’s why miner capitulation is actually good news for Bitcoin
Bitcoin’s highly volatile price has devastated the majority of the crypto market and is now dragging miners down with it. While often considered the foundation of the Bitcoin network and its most resi...
Bitcoin miner CleanSpark announces second acquisition in a month
Bitcoin miner CleanSpark is buying a facility in Georgia from competitor Mawson Infrastructure Group, its second site acquisition in the span of a month. The company will pay up to $33 million for the...
Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
CleanSpark, a Las Vegas-based cryptocurrency mining company, is purchasing a facility in Georgia from its rival crypto miner Mawson Infrastructure Group. CleanSpark said on Friday that it will pay up ...
Bitcoin Miner CleanSpark to Buy Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
“The [Sandersville] site is nothing but impressive – well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site,” said CleanSp...
Crypto Miner Core Scientific Forced to Release Staff
Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press tim...
Crypto Miner Bitdeer Delays $4B SPAC Deal Again
The SPAC firm taking cryptocurrency miner Bitdeer public at a $4 billion valuation has filed for another three-month extension. The Blue Safari Group, a special purpose acquisition company, was suppos...
Core Scientific, a Leading NAM Bitcoin Miner Sold 1,125 BTC in August 2022
The Crypto market is going through the worst times, especially Bitcoin miners. Bitcoin is showing a dramatic downfall graph over the past few weeks. However, some of the Bitcoin miners are surfing ove...
Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price
CleanSpark, an American Nasdaq-listed cryptocurrency mining company, has announced the purchase of new 10,000 Antminer S19j Pro units for $28 million. The purchase agreement was made with Cryptech Sol...
Miner Sends Bitcoin To Binance, 4th Largest Transaction In 2 Months
Events around the world’s largest cryptocurrency by market cap, Bitcoin seems to swing uncontrollably. As a result, there has been a drastic drop in price in the entire crypto market, with Bitcoin una...
Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge – Mining Bitcoin News
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its h...
Libera BUSD Miner: The 3% BUSD daily auto compound solution
As one of the latest innovative projects in the mining industry with the exclusive auto compound mechanism, Libera BUSD Miner offers its holders 3% returns in BUSD every single day. Libera BUSD Miner ...
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday ...
Bitcoin Miner, Bitfarms Reported High Increase in Miner Revenues
Public bitcoin miners are having a hard time over a couple of months since Bitcoin has dropped under the $30K mark. The digital asset market is on a downfall over the last few months which has severel...
Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues
Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought dow...
Crypto miner PrimeBlock’s CEO leaves the company
PrimeBlock CEO Gaurav Budhrani has left the crypto mining and infrastructure company, according to CoinDesk and his LinkedIn profile. Budhrani’s departure comes on the heels of PrimeBlock’...
Sneaky fake Google Translate app installs crypto miner on 112,000 PCs
Crypto mining malware has been sneakily invading hundreds of thousands of computers around the world since 2019, often masquerading as legitimate programs such as Google Translate, new research has fo...
Ethereum (ETH) Miner Balance Hits Four-Year High Ahead of Merge
Ethereum (ETH) has been increasing at a much faster rate than Bitcoin (BTC) and is up by more than 50% since the June lows. ETH had been decreasing underneath a descending resistance line since Dec 20...
Ethereum Miner Addresses Hits 4-year High Ahead of the Merge
Ethereum miner addresses have continued to grow and are now at a 4-year high according to on-chain data. As pointed out by independent crypto reporter, Colin Wu citing data from OKLink, “the balance o...
Ethereum miner balance reaches four-year high weeks before the Merge
The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one o...
Crypto Miner PrimeBlock’s CEO Has Left Firm After Canceled SPAC Deal: Sources
PrimeBlock didn’t give any reason for the termination of the merger. However, the crypto space as a whole has been under pressure amid falling prices, and that has caused pain in mining, squeezing pro...
Bitcoin ownership, miner reserve have a tale you have never heard of
It looks like a season of change for Bitcoin after news came out about changing ownership patterns. Crypto reporter Colin Wu reported on major BTC liquidations in the past few days. According to his u...