Cipher Mining has completed the deployment of mining rigs in its 40-megawatt facility in Alborz, Texas. The miner anticipates having 6.9 exahashes per second of computing power operational by early 20...
Tag: Miner
Why Bitcoin Miner Sell-Offs May Continue
Bitcoin miners have borne the brunt of the bear trend since it began. They watched cash flow plummet on their machines, forcing them to look to other ways to finance their operations. The natural resp...
Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M
CleanSpark, Inc., a US Bitcoin mining company based in Nevada, announced on Tuesday that it is expanding its crypto mining business to take advantage of opportunities that emerge in the ongoing bear m...
Energy, weather problems helped push bitcoin miner Marathon to $191.6 million net loss
Bitcoin miner Marathon saw a net loss of $191.6 million in the second quarter of 2022, a significant jump from a $13 million net loss in the first quarter. Revenues fell 51.8% to $24.9 million. The co...
Bitcoin Miner Revenue Slows Down As BTC Price Slumps Sideways
Data shows the growth in the Bitcoin miner revenues has slowed down during the past week as the price of the crypto has been moving sideways. Bitcoin Miner Revenues Rose During The Last Seven Days, Bu...
Australia-based crypto miner doubles hash rate after energizing Canadian rigs
Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie, Canada. In a Monday...
Texas miner earned $9.5M in power credits while mining 318 BTC
Riot Blockchain, one of Texas’s largest Bitcoin mining operations, earned around $9.5 million in power credits last month by turning off its miners. According to the company’s monthly report, Riot vol...
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
Compute North has now energized 40 megawatts (MW) of a 280MW wind-powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of thi...
Crypto Miner Marathon Digital Posts $192M Net Loss in Q2
Marathon produced 707 bitcoins in the second quarter, a 44% decrease from the prior quarter The miner’s stock price closed at $14.43 on Monday — up about 1.8% for the day Cryptocurrency miner Marathon...
Crypto Miner Riot Made $9.5M by Shutting Down Amid Texas Heatwave – crypto.news
Riot Blockchain, an American Bitcoin mining company, earned an estimated $9.5 million in power credits by halting mining operations at its Texas facility last month in response to a state request. Rio...
Bitcoin Miner Hut 8 Continues Holding BTC Strategy for July Month
Recent crypto market downturn many crypto firms in the industry amidst trembling and beleaguered situations. Mining sector also experienced turbulence and that led many crypto mining firms to face tou...
Miner data shows Bitcoin could have bottomed
Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of t...
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based comp...
Texas miner profited ‘significantly’ more by shutting down amid heatwave than mining Bitcoin
After Bitcoin (BTC) miners in Texas heeded the state’s grid operator’s pleas to consumers to reduce power usage during peak demand due to record-breaking temperatures, one of the largest cryptocurrenc...
Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July
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Bitcoin Miner Riot Earned $9.5M for Shutting Down During Texas Heatwave
Riot blockchain paused mining operations at its Texas facility last month upon request from the state—and was handsomely rewarded. The industrial crypto miner, according to a company statement on Wedn...
Bitcoin Miner Riot Blockchain Earned $9.5M for Curtailing Operations in Texas
Riot Blockchain reduced mining operations in Texas last month, as the state coped with surging energy demand amid a heatwave. Bitcoin mining company Riot Blockchain reportedly cut its mining operation...
Major Ethereum Miner Says He Will Not Switch to ETH 2.0, While Suggesting a Possible Network Split
– Advertisement – While investors seem excited about the upcoming ETH 2.0 upgrade, miners do not seem happy about the development. Ethereum investors are eagerly anticipating the launch o...
Bitcoin Miner Revenues Continue To Grow, Will This Put A Stop To The Sell-Offs?
Bitcoin miner revenues have been a hot topic of discussion in the last three months. It mainly follows the decline in cash flow of mining machines due to the drop in the price of BTC, and that has adv...
Crypto miner Digihost plans to move rigs from New York to Alabama
Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs. In a Tuesday announcement, Dig...
Bitcoin miner Digihost to transfer part of New York hardware fleet to Alabama site
Bitcoin miner Digihost is planning to move some of its fleet from New York to a new site in Alabama. The company has just broken ground on the new 55-megawatt facility, according to a statement releas...
Bitcoin miner Marathon secures additional $100 million loan
Marathon closed a deal for a $100 million loan from Silvergate Bank collateralized by bitcoin, a move that comes as other miners have sold bitcoin in an effort to pay down their debts. The company als...
Prominent Chinese Ethereum Miner Wants to Resist Merge, Create Fork
As Ethereum takes its final steps toward the merge—the network’s much-hyped move to proof of stake—an influential crypto miner is looking to create a movement to resist that transition. Chandler Guo, ...
Ethereum POW Fork Is ‘Coming Soon’, Says Chinese Miner
A Chinese Bitcoin miner has claimed that a Proof of Work (POW) fork for Ethereum is “coming soon” as Ethereum prepares to migrate to its Proof of Stake (POS) consensus mechanism. If Ethereum is able t...
Ethereum Miner Revenue Surpassed Bitcoin in July; Both Drop Below $600 Million
Ethereum and Bitcoin miners saw a further decline in revenue during the month of July as prices of both digital assets failed to reach new highs. July proved to be the worst month for Bitcoin miners ...
BTC Miner Bitfarms’ Energy Capacity Touches 21% in July
Bitfarms’ energy capacity increased to 21% in July from June 30. The Bitcoin miner’s increase in energy capacity reached 166 megawatts following the firm’s completion of the second c...
Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,’ Despite ETC’s Existence – Bitcoin News
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum durin...
Bitcoin: Does miner capitulation finally have an end date in place
Bitcoin miners did see some relief as miners’ balance hit a four-year high on Glassnode. Well, for starters, the recovery across the BTC market could have aided the same. However, can August bring in ...
Top Ethereum Miner Push For Proof-of-Work Protocol As Countdown To The Merge Approaches – crypto.news
Chandler Guo, a key crypto miner and investor on the Ethereum network, wants to fork Ethereum as the network plans to shift to the Proof-of-Stake (PoS) protocol. The aim is to allow miners to continue...
As the Ethereum merge approaches, a key miner is pushing a proof-of-work fork
As Ethereum inches closer to its switch to proof-of-stake consensus — the long-awaited shift known as “the merge” — the community is facing the possibility of a miner-led fork that will sp...