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Bitcoin miner profitability under threat as hash rate hits new all-time high
4.10.2022
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility
29.9.2022
On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling...
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn
29.9.2022
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium...
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
28.9.2022
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that...
World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices
21.9.2022
The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit....
DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool
20.9.2022
The DeFi platform is launching its first fully-collateralized industry-specific lending pool as bitcoin miners are struggling to raise capital
Norwegian town wants 'noisy' Bitcoin miners out, experts respond
15.9.2022
A municipality in Norway is using all means necessary to avoid “energy-sucking” Bitcoin miners establishing further operations, citing noise complaints and energy concerns
Bitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million
7.9.2022
The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects the machines to be delivered to the company’s facilities by the end of October or early...
Bitcoin Miners' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year
31.8.2022
Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block
Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC
30.8.2022
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
22.8.2022
This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”
Bitcoin Miners in Q2 Sold 660% of What they Sold in Q1 - Report
22.8.2022
The second quarter of 2022 was a difficult one for public bitcoin (BTC) miners, as 18 of them sold BTC 21,342, according to a recent report released by crypto consultancy BlocksBridge Consulting.
Per the report, this was 660% of what they sold in the first quarter of this year and about 150%...
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1
19.8.2022
Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions...
Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block
18.8.2022
On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning. Bitcoin Network Records...
Russian Bitcoin Miners ‘Used 1.25GW’ to Power Their Rigs Last Year, Double the 2020 Total – Report
17.8.2022
Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the nation.
Per Novie Izvetiya, Intelion Data Systems experts calculated that altcoin mining...
Bitcoin miners hodl 27% less BTC after 3 months of major selling
16.8.2022
The industry's "hodlers of last resort" have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
12.8.2022
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the...
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
11.8.2022
On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate...
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity
10.8.2022
On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW) of capacity. Presently, the newly opened site in Washington, Georgia, has 36 megawatts, which is expected to give Cleanspark’s hashrate a...