TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand. US-based Bitc...
Tag: Rigs
8,000 rigs spool up in Nautilus mining facility
United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site. In Mar. 6 statement, TeraWulf said t...
Ukraine’s Big Rigs Haul Damaged Tanks Away From The Battlefield—So They Can Get Fixed Up And Fight Again
A U.S. Army M1070 heavy equipment transporter hauls an M88 armored recovery vehicle. U.S. Army Both sides in the Russia-Ukraine war are losing a lot of tanks. Just one side seems to be working out a r...
BitFuFu Launches Coupon Marketplace For Antminer Mining Rigs
7 hours ago | 2 mins read Bitcoin News Bitmain is the major provider of cryptocurrency mining hardware. $50 million worth of coupons are already circulating, and more will be released. Cloud mining fi...
Bitcoin Mining Firm Cleanspark Purchases Mining Rigs Worth $43.6M
2 hours ago | 2 mins read Bitcoin News According to the corporation, it was able to save 25% using discount coupons. The new purchase will add 2.44 EH/s to Cleanspark’s existing 6.6 EH/s of computing ...
CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs
Bitcoin miner CleanSpark is growing its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the compan...
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs – Mining Bitcoin News
Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by add...
Iris Energy to Triple Mining Capacity With Thousands of New Rigs
Iris Energy, a Bitcoin (BTC) mining firm located in Australia, has said that it plans to roughly increase its mining capacity by adding thousands of mining rigs. The company said on February 13 that i...
Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs – Mining Bitcoin News
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j ...
Core Scientific To Send 27k Mining Rigs To NYDIG To Settle $38.6 Million Debt
– Advertisement – The NYDIG has agreed to settle a debt of $38.6 million owed by Core Scientific Inc. The crypto mining firm will send 27,403 crypto mining rigs to NYDIG as part of the ag...
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used ...
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...
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...
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...
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...
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...
Bitcoin miners reactivate their rigs following BTC’s rally – Cryptopolitan
Bitcoin miners have been getting back to work as the cryptocurrency market stages a comeback. Following the resurgence of Bitcoin (BTC), many bitcoin miners have turned on their rigs and are mining ag...
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687 Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing. The mining rigs are “MicroBT ASIC M30S...
Celsius’ Mining Rigs to be Shut-down by Core Scientific
Celsius filed for bankruptcy on July 12, 2022, and Core Scientific filed on December 21, 2022. The plug will be pulled on Celsius’ mining rigs on January 3, 2022, as per court orders. The host compan...
Core Scientific Powers Down Celsius 37,000 Mining Rigs
Core Scientific is just one of the many names in the crypto ecosystem that is currently battling a liquidity crisis. Core Scientific Inc (OTCMKTS: CORZQ), the bankrupt crypto miner and hosting service...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific app...
Bitcoin Miner Core Scientific Reaches Agreement To Shut Off Celsius Mining Rigs
Core Scientific will shut off thousands of Celsius mining rigs, after the two bankrupt firms finally came to an agreement after months of dispute. One of the world’s biggest Bitcoin miners, Core Scien...
Bitcoin Miner Core Scientific Plans to Shut Down 37,000 Celsius Rigs
Troubled Bitcoin miner Core Scientific will shut down more than 37,000 crypto mining rigs belonging to bankrupt crypto lender Celsius Network as both firms finally reach an agreement in court. Core Sc...
In another blow to Celsius, Core Scientific shuts down 37,000 mining rigs
Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius. The Bitcoin miner’s share price has jumped over 81% following this decision. Bitcoin [BTC] mining firm Core Scientific ha...
Core Scientific Is Shutting Down 37,000 Celsius Crypto Mining Rigs
Editors News Core Scientific, a crypto miner has submitted a motion asking for permission to reject Celsius’ contracts. According to Core, Celsius had broken the terms of the agreements by failing to ...
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices – Bitcoin News
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electr...
Bitcoin Miner To Sell Rigs Worth $60M To Cover NYDIG Debt
US bitcoin mining firm Greenridge has entered a non-binding agreement to settle a $74 million debt with NYDIG as concerns mount over its financial longevity. The firm, which controls its own power pla...
Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs
Some of the machines have already been installed, with the rest expected by the end of January. The rigs’ computing power of about 109 terahahes/second (TH/s) per machine is a little over that o...
Russia Miners Buy More BTC Mining Rigs in Quarter 4, Report
Bitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market hasn’t enjoyed a...