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Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia


Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia.According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches 132 MW. The firm’s global...

Lightning Network Sheds 820 BTC in 37 Days—Lowest Capacity Since 2023


According to recent metrics, bitcoin ( BTC) held in the Lightning Network, a payment-oriented layer two (L2) protocol, has declined sharply over the past 37 days. Lightning Network’s $69M Drain The network’s capacity—the total BTC locked in its channels—now sits at 4,550 BTC, the smallest amount...

Bitcoin’s Lightning Network Capacity Jumps 384%


A Fidelity Digital Assets report indicates that Bitcoin’s primary scaling solution is growing at roughly twice the rate shown by public data because much of its network activity remains private. The Lightning Network Is Growing and Institutions Are Taking Notice The total capacity...

Hive Digital Reports Slight Rise in Bitcoin Output Amidst Capacity Goals


Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure. Hive Digital Discloses Modest Bitcoin Output Gains Vancouver-based Hive Digital (Nasdaq: HIVE) reported incremental growth in its bitcoin production...

Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility


Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines...

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