The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment. Users wil...
Tag: Mining
Iris Energy to cut mining hardware after defaulting on $108M loan
Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan. A filing by th...
Iris Energy Defaults on $100 Million Loan, Cuts Mining Hardware
Australian Bitcoin miner Iris Energy is set to lose 3.6 Exahashes/second of mining power after defaulting on a $108 million loan. Iris Energy will not pay loans taken against the equipment operated by...
FBI seeks victims of defunct Bitcoin mining platform as two arrested
Two Estonians were arrested for allegedly committing crypto fraud worth over $575 million The accused are the figures behind now-defunct Bitcoin cloud-mining service provider – HashFlare They allegedl...
The Block: Bitcoin mining stock report: Monday, November 21
Most bitcoin mining stocks tracked by The Block traded lower on Monday, some by double digits. Bitcoin was trading at around $15,800 by market close, according to data from TradingView. &#...
Bitcoin mining difficulty rises slightly after latest adjustment
Bitcoin mining difficulty has increased by 0.51% after the latest adjustment, according to an update posted Sunday evening on BTC.com. The network’s hash rate has fallen 3.8% since Nov. 6,...
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value – Mining Bitcoin News
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar fo...
Crypto Mining Firm Canaan Unveils New Line of Machines
Canaan Inc. – one of the largest digital currency mining companies in the world – is unveiling its new crypto mining machine known as the Avalon Made A13 series. Canaan Inc. Is Introducing a New Type ...
Bitcoin mining difficulty reaches all-time-high despite slump in price, FTX woes
Bitcoin mining difficulty rose 0.51% to an all-time-high in Monday’s biweekly adjustment, according to BTC.com, despite the price of Bitcoin falling more than 22% in the past two weeks. See related ar...
Bitmain-Backed Crypto Mining Company Among Creditors Of Sam Bankman-Fried’s FTX
Leo Lu, founder and CEO of Bitfufu. Bitfufu Singapore-based Bitfufu, backed by Chinese mining rig giant Bitmain, has filed claims for $11.7 million against crypto exchange FTX, which has revealed it o...
Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’ – Mining Bitcoin News
On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has p...
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads – Regulation Bitcoin News
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legisl...
Russian bill would legalize crypto mining, sales under ‘experimental legal regime’
A bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 that would legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency cannot c...
Russian law legalises crypto mining, sales under ‘experimental legal system’
On November 17, a measure to legalise the mining of cryptocurrencies as well as the selling of the cryptocurrencies that have been mined was presented into the Russian State Duma, which is the lower c...
The Block: Bitcoin mining stock report: Friday, November 18
Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 18. The price of Bitcoin was about $16,612 at the time of market close. (BTCUSD chart by TradingView) ...
Bitcoin Mining Stock Trading Volume Tanks to Record Low
Bitcoin prices are not the only thing depressed at the moment. BTC mining stock volumes are also in the doldrums as the crypto winter deepens. Bitcoin mining stock aggregate trading volumes relative t...
The Block: Bitcoin mining stock report: Thursday, November 17
Bitcoin mining stocks tracked by The Block were mostly down after the close of trading Thursday. The price of bitcoin was about $16,695 at the time of market close, according to TradingView. &#...
Arkon Energy Secures $28M and Concludes Hydrokraft Acquisition to Boost Bitcoin Mining
The 100% sustainable data center infrastructure business Arkon Energy has announced the successful closing of a US $28 million fundraising. The Australian business has also completed acquiring Hydrokr...
BTC Miner Arkon Energy Secures a $28 Million Fundraiser to Boost Mining Capacity
Arkon Energy – an Australian-based bitcoin mining firm – raised $28 million and acquired Hydrokraft AS (a Norwegian energy-based data center). These will double down on the companyr’s green strategy a...
The Block: Bitcoin mining stock report: Wednesday, November 16
The majority of bitcoin mining stocks tracked by The Block traded down today. Core Scientific and Marathon Digital were the two biggest losers on Wednesday. Both bitcoin miners declined over 12...
Mining Firm Core Scientific Faces Lawsuit Over Financial Disclosures
7 hours ago | 2 mins read Bitcoin News Mei Pang, the plaintiff and a shareholder, claims the business intentionally misled investors. Previously, the defunct crypto lender Celsius filed a lawsuit on S...
The Block: Bitcoin mining stock report: Tuesday, November 15
Most bitcoin mining stocks tracked by The Block trended upward on Tuesday, some by double digits. Bitcoin was trading at around $16,800 by market close, according to data from TradingView. ...
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $...
Bitcoin Mining Firm TeraWulf Raised $17M of Capital in Q3, But Cash Reserves Remain Low
In the same quarter, TeraWulf significantly increased its hashrate, or computing power, and energy capacity that could be used for deploying mining machines. About 50 megawatts (MW) of power were brou...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Bitcoin Mining Firm Canaan Sees 74.8% Decline in Profit for Third Quarter
Chinese ASIC-maker Canaan Creative announced a 74.8% drop in gross profit for the third quarter as Bitcoin prices cause miners to operate at a loss. The company racked up a profit of approximately $32...
New EU Program Seeks to Make Crypto Mining More Energy Efficient
The European Union (EU) is working on a new program that will label the type of energy utilized for bitcoin mining projects. The program is set to determine the level of efficiency behind the module u...
Is GPU mining profitable after the Ethereum Merge?
The Merge forced miners to shift to alternative GPU mineable cryptocurrencies, a newly forked version or dump or sell their equipment at a low price. Shift to alternative GPU mineable cryptocurrencies...
Bitcoin Mining Firms Are Finding New Ways to Stay Afloat
Bitcoin mining firms have had to do a lot to show that they are not just about extracting units from the blockchain to be added to circulation. There is a reason for this: in showing they’re not just ...
PEGA Pool to Launch in 2023 to Help You Offset Your Carbon Footprint While Crypto Mining – Sponsored Bitcoin News
sponsored PEGA Pool is an eco-friendly crypto mining pool currently in private beta testing and is expected to be open to the public in the first quarter of 2023. Regarding bitcoin mining, there have ...
18 semiconductor stocks that shine when compared with Nvidia this earnings season
Nvidia Corp., which said yesterday that quarterly sales slumped, exemplifies the cyclical nature of the semiconductor industry despite the company’s inroads into fast-growing markets. Still, many chip...