A new report by Kommersant revealed that sales of Bitcoin mining machines in the country surged rapidly in the fourth quarter, a trend backed by a resurgence of demand, despite the chaotic price actio...
Tag: Rigs
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Coinotizia
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Mining Bitcoin News
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Latest mining rigs amp up difficulty to zone out competition
Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07/kwh. #Bitcoin mining profitability by @Luxor...
Iris Energy mining rigs set to go offline following $108M loan default
Slumping Bitcoin prices, paired with record-high hash rates and increasing energy prices, have caught up with Bitcoin miner Iris Energy. The Australia-based mining firm is set to take a significant c...
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million – Mining Bitcoin News
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin...
Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm – Mining Bitcoin News
On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC)...
Thousands of Bitcoin mining rigs are sitting unused in packed boxes
Almost 250,000 to 500,000 mining rigs are still sealed and packed in the U.S. North Star Computer filed bankruptcy in September The Crypto market is facing continuous downfall, which is leading ...
A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes
Last year, miners struggled to buy enough rigs. Manufacturers couldn’t fulfill orders fast enough. Now, Matt Schultz, executive chairman of bitcoin miner CleanSpark (CLSK), figures 250,000 to 500,000 ...
What You Can Do With Your Old Ethereum Mining Rigs
Picture this: You are an Ethereum miner, and for almost ten years your nine-to-five has been the same: wake to the sound of industrial wheezing in your backyard, scarf down a quick breakfast of heavil...
Stronghold Digital Forced to Sell Many Mining Rigs
The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many mine...
Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
CleanSpark, a Las Vegas-based cryptocurrency mining company, is purchasing a facility in Georgia from its rival crypto miner Mawson Infrastructure Group. CleanSpark said on Friday that it will pay up ...
Bitcoin Miner CleanSpark to Buy Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
“The [Sandersville] site is nothing but impressive – well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site,” said CleanSp...
BTC Miner Lowers Year-end 2022 Hashrate due to Delayed Intel Mining Rigs
No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to cancel subscription? Yes No Source: https://www.thecoin...
Crypto Mining Rigs Seized in Iran This Year
Most of the seized rigs came from a haul of 7,000 in June, the country’s largest to date The Iranian government has repeatedly imposed crypto mining restrictions over the past 12 months Iran has confi...
Stronghold Gives Back Rigs to Reduce Debt
Miner agrees with NYDIG, WhiteHawk Capital Stronghold will return around 26,200 Bitcoin mining machines The Miner is likewise rebuilding a convertible note for cash Bitcoin excavator Stronghold Digita...
Bitcoin Mining Company Returns Over 26,000 Rigs To Save Itself From A Ballooning Debt
Bitcoin mining can bring some promises of good fortune, but given the unpredictable nature of bitcoin and other cryptocurrencies, the activity can go sideways and force even the most well-funded compa...
Bitcoin Miner Stronghold Returns 26,200 Mining Rigs to NYDIG to Clear $67M Debt
Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significant...
This Bitcoin Miner is Selling 26,200 Rigs to Reduce Debt
Amid the crypto market crash this year, Bitcoin miners have been on a huge selling spree to cover operational costs and repay their loans. Going further, Bitcoin miner Stronghold Digital Mining Inc. i...
After stimulating Canadian rigs, Australian crypto has a higher hash rate
Iris Energy, an Australian Bitcoin mining company, announced that it had enhanced its mining power to over 2.3 exahashes per sec after completing the 2nd phase of its processes in the city of Mackenzi...
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...
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...
Despite Heat Wave, Bitcoin Miners Turn on Rigs As BTC Price Jumps
The recent price surge by Bitcoin over the last two weeks has forced BTC miners to turn on their rigs despite the ongoing heat wave in the west. Amid the Bitcoin price crossing $23,000, the BTC mining...
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...
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal ...
Upstream Industry Eyeing Returns More Than Rigs
Second quarter earnings for publicly traded upstream producers are trickling in, and profitability has returned to the energy sector. In the meantime, government officials have been sending mixed mess...
CleanSpark Takes The Plunge To Purchase Crypto Mining Rigs – crypto.news
CleanSpark (CSLK), the sustainable Bitcoin mining firm, has taken the opportunity provided by the bear trend to expand its mining infrastructure. The Las Vegas-based company purchased more than 1,000 ...
BTC mining costs reach 10-month lows as miners use more efficient rigs
The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. On Wednesday, strategists from JPMorgan...
CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin (BTC miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022. In ...
precios de rigs de minería caen a mínimos de dos años tras bancarrota de Celsius
El Antminer S19 y S19 Pro de Bitmain están recibiendo ofertas en un rango de entre $20 y $23 por terahash (TH), según una mesa de trading de rigs de aplicación específica de circuito integrado (ASIC, ...
CleanSpark Purchases Over 1000 Mining Rigs to Strengthen Productivity
Nevada-based bitcoin mining company CleanSpark, Inc has announced that it has acquired 1,061 Whatsminer M30S rigs at a steep discount as it continues to expand its infrastructure. CleanSpark said addi...