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Bitcoin mining to boost UK’s renewable energy grid
10.7.2024
A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
10.7.2024
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their...
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
10.7.2024
The broker initiated coverage on miners Iren Energy and Corz Scientific with outperform ratings
Mining company TeraWulf pays off outstanding debt early
9.7.2024
The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment
Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas
9.7.2024
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement...
Hut 8 expands mining operations with power deal in West Texas
9.7.2024
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity
Drop in Bitcoin Mining Difficulty 'Comparable to FTX Collapse,' CryptoQuant Says
9.7.2024
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted
Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms
9.7.2024
Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors:...
Bitfarms Leadership Change: Ben Gagnon Named CEO
9.7.2024
Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the past five years, the company said. Chairman Nicolas...
Core Scientific trades debt for equity, reduces $260M debt load
8.7.2024
Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029
2024 Republican Platform Defends Bitcoin Mining and the Right to Self-Custody Crypto
8.7.2024
The Republican Party has integrated cryptocurrency issues into its 2024 platform titled “Make America Great Again.” The document outlines the party’s intention to “end Democrats’ unlawful and unAmerican crypto crackdown” on law-abiding citizens. Republican Party...
Bitfarms announces new CEO, Riot launches campaign as corporate dispute escalates
8.7.2024
The corporate battle for control of Bitfarms continues to evolve as the company appoints a new CEO while its board continues to be contested by Riot Platforms
Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina
8.7.2024
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative...
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
8.7.2024
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said
Latam Insights Encore: Paraguay Anti-Bitcoin Mining Stance Is a Net Negative for the Nation’s Development
8.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the possible outcomes of the war that Paraguay is waging on illegal (and now legal) bitcoin mining operators, and how this might make...
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
7.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil....
5 bullish arguments that Bitcoin price just bottomed at $53K
7.7.2024
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle
5 bullish arguments that Bitcoin price just bottomed at $53K
7.7.2024
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle
Bitcoin mining difficulty hits lowest level since March as price tops $57K
6.7.2024
The drop in mining difficulty should spell relief for the largest mining firms
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
6.7.2024
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called...