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Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher
18.12.2022
Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals...
How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph
15.12.2022
Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
14.12.2022
Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
12.12.2022
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9
Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts
12.12.2022
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet
Data shows the Bitcoin mining bear market has a ways to go
9.12.2022
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations
Bitcoin mining project in Kenya helps power rural community
9.12.2022
Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
Bank of Russia wants to ban miners from selling crypto to Russians
7.12.2022
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia
BTC difficulty drops by the biggest margin since 2021
6.12.2022
Bitcoin mining difficulty has dropped by its biggest margin since July 2021 amid difficult conditions for miners
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022
6.12.2022
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners...
Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability
6.12.2022
Bitcoin miners are being caught between rising costs and the lower price of bitcoin
Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis
4.12.2022
Texas combines plentiful and relatively low-energy prices with free enterprise, according to the lawmaker
Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009
4.12.2022
Answering the question 'Who has/had the oldest mined Bitcoin?' an anonymous member shared a signature dating back to January 2009, just a week after Bitcoin came into existence
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware
4.12.2022
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry....
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
3.12.2022
Sam Bankman-Fried was consulted on the capital injection, which was made before crypto prices plummeted
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
3.12.2022
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming...