MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second...
Mining
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW)...
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research...
Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor
Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor....
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average...
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line...
Auradine Ships 3nm Teraflux Bitcoin Mining Platform
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer...
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with...
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts...
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains
Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power...
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According...
Greenidge Expands Bitcoin Mining Operations in Mississippi
Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went...
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and...
Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214...
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in...
Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June
Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of...
Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now,...
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government...
Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The...
Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking...
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased...
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of...
