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UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt
8.12.2023
United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s “strategic foresight.” Microbt to Integrate...
Best Crypto to Buy Now December 6 – Helium, Celestia, Avalanche
6.12.2023
HNT, TIA, and AVAX outperform the broader cryptocurrency market as investors hunt for the best crypto to buy now. Image by cryptonews.com. The HNT price is surging over 42% so far today, positioning Helium’s native token as one of the best crypto to buy now amid the network’s launch...
Bitcoin Miner DMG Acquires 4,550 T21 Antminers for $12.1 Million
6.12.2023
DMG Blockchain Solutions, a bitcoin miner and cryptocurrency technology company, announced that the firm has purchased 4,550 T21 Antminer bitcoin miners from Bitmain Technologies. DMG detailed that it paid $12.1 million for the next-generation application-specific integrated circuit (ASIC) miners...
Best Crypto to Buy Now December 5 – Stacks, Conflux, Kucoin
5.12.2023
Kucoin, Stacks, and Conflux surge amid chatter over the best crypto to buy now. Image by cryptonews.com. The KCS price surge and enhanced staking features from KuCoin are spearheading discussions about the best crypto to buy now, alongside the impressive market performances of Stacks (STX)...
Minnesota Power Co-op Accuses Couple of Major Electricity Theft for Bitcoin Farm Operation
5.12.2023
In a case that intertwines crypto mining and utility theft, a Minnesota power company, North Star Electric Cooperative, has accused a former couple, Ryan Jaenicke and Tina Fehlhaber, of stealing vast amounts of electricity. The alleged scheme, detailed in a 19-page civil suit filed in Roseau County...
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
5.12.2023
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units...
Bitcoin Miners’ November Revenue Peaks at $1.16 Billion, Setting 2023 Record
3.12.2023
November marked a significant milestone in the 2023 revenue generated by bitcoin miners, reaching a peak of $1.16 billion. This month not only stood out in terms of total earnings but also set a record for the highest monthly fees collected by miners within the year. Bitcoin Mining Fees Soar...
Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months
2.12.2023
In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity...
Antpool Surpasses Foundry in Hashrate Battle, Claiming Top Spot in November’s Bitcoin Mining Race
1.12.2023
Over the past year, the mining pool titan Foundry USA has consistently led the network in terms of hashrate. However, this month, the bitcoin mining operation Antpool has edged ahead of Foundry, albeit marginally, in hashrate rankings. In November, out of the 4,436 blocks that were mined, Antpool...
Study Reveals Bitcoin Mining as a Catalyst for Renewable Energy Growth and Flexible Load Systems
28.11.2023
A recently published working paper, collaboratively authored by industry experts, examines the critical influence of bitcoin mining in promoting worldwide clean energy efforts and stabilizing electricity grids. This paper probes into the utility of mining as a flexible and versatile instrument...
Crypto Advocates Mention Bitcoin Mining as a “Critical Tool” for Clean Energy and Balancing Grid
28.11.2023
Source: AdobeStock / Photocreo Bednarek A number of crypto advocates have emphasized the significance of Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing. In a recently published working paper titled “Leveraging Bitcoin Miners as Flexible Load...
Bitcoin’s Mining Difficulty Hits Record High With Sixth Consecutive Rise
26.11.2023
On November 25, 2023, the Bitcoin network marked its sixth consecutive difficulty rise, reaching a new peak at block 818,496. The difficulty soared by 5.07%, setting a record high of 67.96 trillion, a level that will persist until the next adjustment on December 9, 2023. Bitcoin’s Difficulty...
Best Crypto to Buy Now November 24 – BLUR, PYTH, MINA
25.11.2023
BLUR, PYTH, MINA, BTCETF, and BTCMTX showcase crypto potential as the best to buy now before takeoff. Image by cryptonews.com. The BLUR price is seeing a considerable price boost from its Binance listing, elevating it to one of the best crypto to buy now. Meanwhile, PYTH and MINA continue to show...
UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO
24.11.2023
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial public offering (IPO) that was highly sought after...
Bitcoin Hashrate Hits Historic 500 EH/s Peak
23.11.2023
On November 22, 2023, data revealed that Bitcoin’s hashrate, as calculated on a seven-day moving average, attained an unprecedented level of 500 exahash per second (EH/s), which is tantamount to about 0.5 zettahash per second (ZH/s). Additionally, with just over a week remaining until...
Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria
21.11.2023
A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW)...
Report: Crypto Mining Equipment Found in Poland’s Supreme Court
20.11.2023
Prosecutors in Poland’s capital Warsaw recently launched a probe into how cryptocurrency mining equipment was installed in a building housing the country’s Supreme Administrative Court. The chairman of the court’s information department insisted the crypto-mining equipment posed...
With 93% of Bitcoin’s Supply Mined, Network’s Hashrate and Difficulty Surge in Synchrony
19.11.2023
On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend...
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
16.11.2023
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500...