Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels
Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day...
Mining
Riot offers $950 million to buyout Bitfarms in hostile takeover amid CEO controversy
Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month...
Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners...
Bitcoin miner Marathon partners with Kenya to capitalize on excess energy
Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy.Marathon chairman and CEO Fred Thiel signed the agreement with...
Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized
Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its...
Elizabeth Warren raises concerns over Iran’s crypto mining operations
Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US...
Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis
The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have...
Mining firm Stronghold considering sale of company in latest financial report
Stronghold Digital Mining announced it is considering a sale or other strategic alternatives aimed at maximizing shareholder value. The announcement...
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in...
Tether partners with Swan to expand Bitcoin mining operations
Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service.According to the press statement,...
Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal
On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an...
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase...
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per...
Marathon reports record $337.2 million net income in Q1 2024
Marathon Digital Holdings reported a record net income of $337.2 million in 2024’s first quarter.The firm’s quarterly net income, published...
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did...
Bitcoin miner CleanSpark records highest single mining day in April in post-halving report
CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s...
The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped...
Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges
Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event.Bitcoin production...
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for...
Expert fears resurgence of ‘environmental narrative’ as US coal miner generates $30 million by mining Bitcoin
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by...
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo...
Marathon Digital doubles hash rate target to 50 EH/s
Bitcoin miner Marathon Digital has reviewed its hash rate target for this fiscal year to 50 EH/s, according to an...
