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From Energy Efficiency to Profitability: The Machines That Rule Bitcoin Mining
9.12.2024
With bitcoin prices trending higher compared to the previous month, miners are basking in the glow of increased earnings from block rewards. As 2025 draws nearer, it’s worth exploring the leading application-specific integrated circuit (ASIC) bitcoin miners available today and anticipating the...
Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates
5.12.2024
Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via...
Hive to Expand Bitcoin Mining Power With $60M Purchase
4.12.2024
The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480...
Bitcoin miner Foundry lays off staff amid restructuring
3.12.2024
Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning out its self-mining business
Mining Boom: Bitcoin Miners Rake in Highest Revenue Since April
1.12.2024
Bitcoin miners had plenty to smile about in November, as their revenue received a significant boost thanks to a price climb, hitting levels not seen since April. Bitcoin Miners Celebrate $1.21B November Payout as Hashrate Soars Bitcoin miners saw brighter days in November, enjoying a substantial...
A Deep Dive into Bitcoin Mining Veteran Hut 8
1.12.2024
A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin...
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
30.11.2024
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report...
Swiss canton of Bern votes to study Bitcoin mining feasibility
28.11.2024
Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it
BTC Miner Cipher Expands Texas Operations With 100 MW Data Center
27.11.2024
Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR) announcement, the new facility, known as the Stingray...
President Nayib Bukele Hints at ‘Rent-a-Volcano’ Bitcoin Mining Service
25.11.2024
Salvadoran President Nayib Bukele hinted at the possibility of establishing a service to rent a volcano for bitcoin mining purposes. The leader stated that a green energy program harnessing volcano energy “might actually make sense.” President Nayib Bukele Mulls Volcano Renting...
Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?
23.11.2024
Dive into Cipher Mining’s Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades, data center expansion and plans for AI/HPC. Discover what’s next for this Bitcoin miner! The following guest post comes from Bitcoinminingstock.io, providing comprehensive...
MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering
23.11.2024
MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030. Nasdaq Listed Bitcoin Miner MARA Buys 5,771 Bitcoin Following Sale of Convertible Notes MARA Holding, listed as MARA on Nasdaq, stated that...
Bitcoin Bull Market May Drive Russian Miners Underground
22.11.2024
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners...
Bitcoin Smashes Records: Hashrate Hits 776 EH/s as Price Soars Closer to $100K
22.11.2024
Based on the most recent data using the seven-day simple moving average (SMA), bitcoin’s hashrate climbed to an unprecedented peak on Nov. 21, reaching 776 exahash per second (EH/s) for the very first time. Bitcoin’s Computational Power Hits Stratospheric Levels On Thursday, bitcoin...
From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
21.11.2024
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host...
Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive
20.11.2024
Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden its self-mining footprint in North America. Publicly Listed Bitcoin Miner Canaan Bolsters U.S. Presence The announcement published on Wednesday says...
Bitcoin Mining Firm Compass Establishes 30 MW Site in Iowa
19.11.2024
Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States. Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence Compass Mining has announced the development of a bitcoin mining facility on...
Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp
16.11.2024
Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down...
BTC’s Climb Lifts Miner Revenue, Restoring Hashprice to June Levels
13.11.2024
As bitcoin’s price rises to new heights, miners are cashing in, with the value of 1 petahash per second (PH/s) of SHA256 hashrate reaching the highest peak in 152 days. Miner Earnings Rebound as Bitcoin Climbs Bitcoin miners are savoring the latest BTC price highs, with the hashprice...
Bitfufu Secures $100 Million Credit Line From Antpool Technologies
12.11.2024
Singapore-based cloud mining service Bitfufu has obtained a $100 million credit line from Antpool Technologies, intended to reinforce its bitcoin holdings. Antpool Backs Bitfufu With $100 Million Credit Agreement In a move reflecting Bitfufu‘s ambitious growth goals, the cryptocurrency...