Bitcoin miners Hut 8 and US Bitcoin (USBTC) are merging to form a new company called Hut 8 Corp, which will be based in the United States. Hut will have a total self-mining capacity of 5.6 EH/s,...
Tag: Mining Companies
The Block: Bitcoin mining report: Feb. 6
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $22,994 by market close. Here is a look at how the...
Bitcoin miner Riot expects growth delay due to December storm damages
Bitcoin miner Riot said there will be a delay in meeting its first quarter hashrate guidance of 12.5 EH/s due to damage from the winter storm that hit the U.S. in December and knocked miners offline. ...
The Block: Bitcoin mining report: Feb. 3
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with two gaining and the other 17 declining. Bitcoin fell 2% to $23,357 by market close. Here is a look at how the i...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
The Block: Bitcoin mining report: Feb. 02
Bitcoin mining stocks tracked by The Block were higher on Thursday, with 15 gaining and three declining. Bitcoin rose 1.2% to $23,830 by market close. Here is a look at how the individual ...
Bitcoin mining infrastructure startup Giga Energy raising $10 million in Series A
Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10 million in Series A funding. The funding will help the Texas-based ...
Bitcoin miner TeraWulf raises $32 million in equity offerings
Bitcoin miner TeraWulf raised $32 million from a public equity offering. The company also reached a “binding agreement in principle” with its existing lenders to restructure its debt...
CleanSpark doubles bitcoin production in January to 697
Bitcoin miner CleanSpark mined 697 BTC in January, doubling its production from the previous month. “We had a banner month, and not just because we mined a record number of bitcoin,” CEO Zach Br...
Cipher Mining doubles hash rate capacity in January
Cipher Mining reached a hash rate capacity of 4.3 EH/s by the end of January, a 53.6% month-over-month increase. It also more than doubled the total number of bitcoin mined, reaching 343, most o...
The Block: Bitcoin mining report: Feb. 01
Bitcoin mining stocks tracked by The Block were mostly higher on Wednesday, with 14 gaining and four declining. Bitcoin rose 2% to $23,574 by market close. Here is a look at how the indivi...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
Luxor launches auction-style platform for mining machines
Bitcoin mining firm Luxor launched an auction-style platform for buying and selling Bitcoin mining hardware. The new product is meant to improve price discovery and increase liquidity in the sec...
The Block: Bitcoin mining report: Jan. 31
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 13 gaining and four declining. Bitcoin rose 1.4% to $23,114 by market close. Here is a look at how the indivi...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
The Block: Bitcoin mining report: Jan. 30
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with two gaining and the other 17 declining. Bitcoin fell 4.2% to $22,724 by market close. Here is a look at how the...
Bitcoin miner Gryphon releases operational update ahead of going public
Bitcoin miner Gryphon mined 71 bitcoin-equivalent coins in December, it said in an operational update after announcing plans to go public last week. The miner had an average hashrate of 0.625 EH...
Marathon forms Abu Dhabi bitcoin mining JV; initial project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities. The company said in a filing the initial project will consist ...
The Block: Bitcoin mining report: Jan. 26
Bitcoin mining stocks tracked by The Block were mostly higher on Thursday, with 13 gaining and 5 declining. Bitcoin rose 0.9% to $23,131 by market close. Here is a look at how the individu...
Bitcoin miner Hut 8 takes dispute with power supplier to court
Canadian bitcoin miner Hut 8 is taking a contract dispute with its energy provider to court. The miner filed a statement of claim in the Superior Court of Justice of Ontario against Validus Powe...
The Block: Bitcoin mining report: Jan. 25
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and 12 declining. Bitcoin fell 0.5% to $22,936 by market close. Here is a look at how the indivi...
The Block: Bitcoin mining report: Jan. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 11 declining. Bitcoin rose 0.3% to $23,037 by market close. Here is a look at how ...
Celsius to store 20,000 mining machines, remains optimistic about new hosting sites
The mining arm of bankrupt lending firm Celsius will temporarily store 20,000 rigs it’s retrieving from Core Scientific and is optimistic about finding new hosting locations. The company h...
BlockFi looks to sell bitcoin mining loans totaling $160 million: Bloomberg
Crypto lender BlockFi is looking to sell $160 million in bitcoin mining machine-backed loans amid its bankruptcy process. The bidding started last year and some of the loans may be under-collate...
The Block: Bitcoin mining report: Jan. 23
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and only one declining. Bitcoin rose 2.2% to $22,956 by market close. Here is a look at how the individual...
The Block: Bitcoin mining report: Jan. 20
Bitcoin mining stocks tracked by The Block were higher on Friday, with 15 gaining and the other four declining. Bitcoin rose 5.3% to $22,216 by market close. Here is a look at how the indi...
The Block: Bitcoin mining report: Jan. 19
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with 10 gaining and the other 9 declining. Bitcoin rose 1.7% to $21,099 by market close. Here is a look at how the indivi...
CleanSpark moves ahead with 50-megawatt expansion at recently acquired site
Bitcoin miner CleanSpark is moving forward with the expansion of its recently acquired site in Georgia, charging ahead even as the mining industry reels from months of tough economic conditions. ...
The Block: Bitcoin mining report: Jan. 18
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with one gaining and the other 18 declining. Bitcoin fell 2.6% to $20,781 by market close. Here is a look at how ...
Bitcoin rises slightly as crypto stocks surge in rally led by Coinbase, Hut 8
Bitcoin rose slightly by the U.S. close as crypto-related stocks ended the day largely higher in a rally led by Coinbase and Hut 8. The largest cryptocurrency by market capitalization rose about...