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Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT
5.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner Riot Blockchain has announced its purchase of 66,560 bitcoin mining rigs from MicroBT, marking one of the largest orders in the company’s history. Riot Blockchain is set to acquire 66,560 Bitcoin miners from manufacturer MicroBT in one...
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...
Is Celestia Going to Zero? TIA Price Pulls Back 5% as Bitcoin Mining Project Reaches $4.7 Million
4.12.2023
Despite a strong month by the new modular blockchain Celestia, TIA token price has tumbled -5% in pull back from resistance, but could this TIA alternative play offer better returns? This comes following the announcement that the TIA blockchain will integrate a layer-2 solution known as...
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...
Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Inscriptions
2.12.2023
Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter (now known as X) CEO Jack Dorsey, is currently filtering ordinal inscription transactions. Giacomo Zucco, a bitcoiner, confirmed that Ocean was using Knots as a node, a software developed...
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...
Bitcoin Miners Hut 8 and USBTC Complete Merger, Forming New Hut 8 Corp for Upcoming Halving
1.12.2023
The merger of Hut 8 Mining and USBTC ahead of the 2024 Bitcoin halving event has created the new Hut 8 Corp, the largest publicly traded Bitcoin mining company. Image by 24K-Production, Adobe Stock. On November 30 major players in the Bitcoin mining industry, Hut 8 Mining Corp. and US Bitcoin Corp...
Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
Iris Energy Acquires 7,000 Next-Gen T21 Bitcoin Miners in Deal With Bitmain
1.12.2023
The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to a notable 8.3 EH/s. Iris Energy Secures 1.3 EH/s...
Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic
30.11.2023
The findings have an echo of De Vries' previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining
Jack Dorsey Leads $6.2 Million Seed Funding for OCEAN Bitcoin Mining Pool
30.11.2023
Mummolin launches decentralized bitcoin mining pool Ocean with backing from Jack Dorsey. Image by yuromanovich, Adobe Stock. Mummolin, a Bitcoin startup, has raised $6.2 million in seed funding to support the launch of Ocean, a new decentralized bitcoin mining pool. The funding round was led...
Estonian court nixes extradition of accused crypto scammers to US
29.11.2023
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions
Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment
29.11.2023
On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement...
Jack Dorsey Aims to Create Anti-Censorship Bitcoin Mining Pool With New Startup
29.11.2023
The startup said it created "only non-custodial" mining pool where miners get the new bitcoin block reward for mining directly from the network
Jack Dorsey wants to decentralize Bitcoin mining with new investment
29.11.2023
Ocean, which raised $6.2 million in a funding round led by Jack Dorsey, plans to enable miners to get block rewards directly from Bitcoin
How can NFTs transform daily life?
29.11.2023
By now, hearing "NFT” in any context evokes some sort of reaction — good or bad
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...
Bitcoin mining firm Phoenix Group delays share listing
28.11.2023
Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023
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...