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UAE-Based Phoenix Group Bolsters Mining Capabilities With $187M Bitmain Deal Amidst Global ASIC Race
10.1.2024
Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading ASIC manufacturers in the industry. Phoenix Group...
Polygon and ORDI Show Downtrends, While NuggetRush’s Presale Sees Remarkable Success
10.1.2024
TLDR Polygon (MATIC) has hinted at a possible partnership with a banking firm. Ordi has recorded a sharp price correction despite its recent market leap. NuggetRush (NUGX) has added great excitement to the play-to-earn community with its NFT-filled mining game. Polygon’s (MATIC) network is abuzz...
Less Than 15,000 Blocks to Halving: ETF Hopes and Ordinal Inscriptions Serve as Life Preserver for Bitcoin Miners
9.1.2024
As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve the block reward from 6.25 to 3.125 bitcoins per block. Expected to occur in April 2024, this event will render bitcoin increasingly scarce. However, it may exert considerable...
New Scientist’s Bitcoin Ban Article Sparks Backlash: Experts Slam ‘Bad Science’ and Bias
9.1.2024
On Jan. 8, 2024, a New Scientist article sparked debate by questioning whether nations ought to consider banning bitcoin due to its environmental footprint. The editorial has drawn significant criticism from numerous bitcoin supporters. Environmental, social, and governance (ESG) expert Daniel...
Cleanspark Bolsters Bitcoin Mining Might With 60,000 S21 Rig Acquisition From Bitmain
9.1.2024
The bitcoin mining firm Cleanspark, listed on Nasdaq, recently revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for delivery in the next quarter, this purchase represents approximately 12 exahash per second (EH/s) of hashing power. Moreover, Cleanspark has secured...
Bitcoin Miner CleanSpark Buys Another $193 Million Of Mining Equipment After Stock Downturn
8.1.2024
Source: Adobe / Photocreo Bednarek As Bitcoin’s (BTC)’s price surges to multi-year highs, mining firm CleanSpark has closed another nine-figure infrastructure deal to help the company seize as many newly minted units of BTC as possible. In a press release on Monday, the company announced that...
Core Scientific Closes $55 Million Equity Offering for Bitcoin Mining Operations
8.1.2024
Source: AdobeStock Bitcoin mining company Core Scientific has disclosed the outcomes of its $55 million Equity Rights Offering (ERO). The ERO, created to raise funds, experienced oversubscription, with total subscriptions surpassing the $55 million cap. In a press release on January 8, the firm...
Nebraska Legislators Introduce Bill to Aid Bitcoin Mining in Residential Properties
8.1.2024
Source: AdobeStock Nebraska has introduced a bill that seeks to reshape the state’s crypto and Bitcoin mining structures, licenses, and ownership. On Jan 5, Eliot Bostar, a Nebraska State Senator, introduced the bill to the house, which will practically adopt the Blockchain Basics Act in...
Is Near Protocol Going to Zero? NEAR Price Drops 13% as Novel Mining Protocol Secures $7.8 Million
8.1.2024
NEAR Protocol has undertaken a sudden -13% NEAR price drop, and with panicked holders asking ‘is Near Protocol Going to zero?’ could this novel mining protocol be a better play following a whopping $7.8m raise? Find out in NEAR Price Analysis. The significant drop appears to have been...
Binance’s new cloud mining presale begins!
8.1.2024
Binance, one of the leading global cryptocurrency exchanges, has launched a presale on its latest Cloud Mining products designed for Bitcoin BTC mining. Furthermore, Binance’s move to enable GPU crypto mining is a giant leap towards making cryptocurrency mining more affordable and accessible...
Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price
7.1.2024
As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price...
Nasdaq-Listed Bitcoin Miner Cleanspark to Launch in-House Trading Desk, CEO States It ‘Makes Financial Sense’
6.1.2024
Cleanspark, a Nasdaq-listed Bitcoin mining company, has announced that it will launch an in-house trading desk to maximize the return on its cryptocurrency holdings. Cleanspark CEO Zachary Bradford explained that organizing their trading desk made “financial sense,” given the high...
New Year, New Record — Bitcoin’s Difficulty Rises 1.65% in First 2024 Retarget
6.1.2024
Bitcoin’s network difficulty experienced its first increase of 2024 on Jan. 5, at block height 824,544, rising 1.65% to an unprecedented network peak of 73.2 trillion. This inaugural adjustment of the year succeeds the 27 dynamic shifts witnessed in 2023, including a total of 20 increases....
‘Blockchain Basics Act’ Introduced in Missouri Takes the Bitcoin Regulation Battle to State Level
6.1.2024
The Blockchain Basics Act, introduced recently into the Missouri State House, seeks to guarantee crypto-related rights, including self-custody, transacting, mining, and staking, to the state’s people. Proposed by Rep. Phil Christofanelli, the bill aims to take the crypto legislation fight...
Bitcoin ETF May Get SEC Sign-Off Today – Bitcoin Minetrix ICO Surges Past $7.5m
5.1.2024
Friday, January 5, 2023 – The Bitcoin price is hovering around the $44,000 mark in readiness for a breakout to $50,000 if and when a Bitcoin ETF is approved, possibly as early as today, while tokenized cloud-mining innovator Bitcoin Minetrix ($BTCMTX) has raised more than $7.5 million from...
Is Mina Protocol Going to Zero? MINA Price Falls 5% as New Mining Project Hits $7.5 Million
5.1.2024
Leading zero-knowledge blockchain Mina Protocol has seen MINA price drop into retracement following tough local high resistance, leading some panicked bag-holders asking is Mina Protocol going to zero? This comes as the fourth day of decline, following a sensational week-long pump, which saw MINA...
BitMEX Sends Bitcoin to the Actual Moon on Board of Peregrine + More News
5.1.2024
Source: BitMEX Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BitMEX Sends Bitcoin to the Moon on Board of Peregrine-1 Core Scientific to Settle $34M Claims from 70K Non-Existent Miners...
Bitcoin is a Liberating Force for an African Village Mining It
5.1.2024
Source: AdobeStock / Riccardo Niels Mayer A village in Malawi is full of “happy people” – thanks to Bitcoin mining. The village is called Bondo. Rather, it’s a cluster of villages in the foothills of Mount Mulanje, in a remote Malawi region near Mozambique’s border. It’s an impoverished...
Bitcoin Price Prediction: Marathon Digital’s Record Mining Boosts BTC Amid ETF Hopes
5.1.2024
In the dynamic world of cryptocurrencies, Bitcoin stands at a pivotal juncture, trading at $43,631 with a notable increase of 0.96% on Friday. This upswing is partly attributed to Marathon Digital’s record-breaking achievement in December, mining an impressive 1,853 Bitcoins. Amidst...
Marathon Digital Mines Record 1,853 BTC in December, up 56% from November
5.1.2024
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Marathon Digital has set a new production record by mining the highest amount of Bitcoin in a single month. In a press release on January 4, the Florida-based firm announced that it successfully mined 1,853 Bitcoin during December...