The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices o...
Tag: Mining
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened – Mining Bitcoin News
The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget...
Bitcoin developer says network is not resistant to censorship, questions mining decentralization
In a recent Twitter thread, a developer questioned the entire idea of Bitcoin’s censorship resistance. Bitcoin’s censorship-resistance Bitcoin was built on the idea of offering complete censorship res...
Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt
The once-prominent bitcoin miner Core Scientific inked an agreement with the New York Digital Investment Group (NYDIG) to hand over 27,403 of its mining machines and thus pay off an outstanding debt o...
Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool
Battle lines were drawn when the Ordinals protocol, which stores non-fungible tokens on Bitcoin, launched on the dominant blockchain last month. That showdown created two factions – purists who insist...
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...
This Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan
During the 2021 crypto bull, lenders issued over $4 billion in loans collateralized by Bitcoin mining hardware. These financial instruments backfired on BTC mining companies as the sector trended to t...
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific...
Stronghold Digital Mining files share sale prospectus as it seeks to preserve cash
Stronghold Digital Mining filed a prospectus to sell up to 10 million Class A shares as part of its efforts to preserve cash. The offering consists of 2.27 million shares of Class A common stock...
NEO Crypto Miner Offers a Powerful and Low-emission Solution to Change Mining in PoS Era
The world of crypto mining is constantly evolving, with new and more efficient miners being released regularly. One of the latest additions to the market is the NEO miner, produced by MatchX, a compan...
Canadian bitcoin mining firm Pow.re raises $9.2m
Pow.re, a Montreal-based bitcoin (BTC) mining company, has secured $9.2 million in its Series A funding round led by Haru Invest, with participation from other investors. Bitcoin mining revenue has su...
Bitcoin mining firm Marathon Digital sold 1,500 BTC in January
Marathon Digital sold 1,500 BTC in January, according to a Thursday statement from the company. The sales were intended to help fund the firm’s operations, Marathon said. “With bitc...
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 Mining Could Help Scale Solar Power, Report Reveals
A report has revealed how integrating Bitcoin mining into solar storage systems can improve the scalability and reliability of grids. Bitcoin Mining’s Properties Mean That It Goes Well With Solar Powe...
Nuclear Bitcoin Mining Hits Snag as UK Startup Sells Business
A firm that was building out a nuclear energy-powered mining facility in Ohio is the latest victim of tough crypto market conditions. UK-based Lake Parime, a company focused on transforming ener...
This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?
A crypto-friendly bank, BankProv, has recently announced that it will no longer offer loans backed by crypto mining rigs. Previously, the bank offered such loans as a way for clients to fund their min...
Dangerous Radioactive Capsule Found In Australia After Going Missing For 6 Days
In this photo provided by the Department of Fire and Emergency Services, its members search for a … [+] radioactive capsule believed to have fallen off a truck being transported on a freight rou...
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the cryptocurrency-friendly bank, BankProv, has announced ...
Crypto-friendly bank ends loans backed by mining rigs: Details inside
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the sever...
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...
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...
Can the PS5 Be Used As a Mining Rig?
Cryptocurrency mining is nowadays a largely demystified process. However, the hunt to find easy, profitable ways to mine is still on. Crypto farms with the power usage of a small city are not everyone...
Court approves BlockFi’s plan to sell its crypto mining equipment – Cryptopolitan
The bankrupt cryptocurrency lender BlockFi has been given permission by the court to auction off its cryptocurrency mining equipment as part of the company’s continuous attempts to repay its debtors. ...
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...
BlockFi Earned Court Approval to Sell Crypto Mining Equipment
BlockFi, a globally popular cryptocurrency lender, opted to file for chapter-11 bankruptcy in the last week of November 2022. The company states that FTX’s collapse is the main reason for filing for b...
BlockFi gets court nod to sell crypto mining assets
Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors. A court order filed on Jan. 30 in the United S...
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Secur...
Court Greenlights Blockfi’s Plan To Repay Creditors With Crypto Mining Sale
BlockFi, a cryptocurrency exchange, filed for Chapter 11 bankruptcy on November 28. BlockFi was a victim of the contagion brought on by FTX’s collapse. The bankruptcy of the crypto hedge fund Three Ar...
Bankruptcy court allows bids for BlockFi’s crypto mining equipment
Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment. The deadline to submit bids is 20 February. The U.S. Bankruptcy Court for the District ...