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Browsing Category
Mining
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 (MW) to 750 MW. This expansion follows approval from the Electric Reliability…
ASIC market undergoes ‘significant repricing,’ analysts say
Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index. The ASIC market is undergoing significant changes…
Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says
Riot’s acquisition of rival bitcoin miner Block Mining makes sense, the report said. JPMorgan noted that Riot will have the second-largest capacity of the U.S.-listed bitcoin miners. The bank has an…
Bitcoin miner Riot Platforms acquires rival Block Mining for $92.5m
Colorado-based Bitcoin mining company Riot Platforms has acquired its Kentucky-based competitor Block Mining to increase its operational capacity by 16 EH/s. Bitcoin (BTC) miner Riot Platforms has…
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies,…
Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña…
Bitcoin miner IREN ventures into AI with GPU pilot and Morgan Stanley’s guidance
Bitcoin miner IREN (formerly known as Iris Energy) is the latest crypto mining company looking to profit from the artificial intelligence market boom, according to its July 23 Analyst & Investor…
Bitcoin Mining and HPC Leaders Unite to Create Synteq Digital
SunnySide Digital (SunnySide) and Cryptech Solutions (Cryptech), two wholesale distributors and service providers for digital asset mining and HPC data center equipment, have joined forces to launch…
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark
Benchmark said Bitdeer could be a potential takeover target The broker raised its price target for the bitcoin miner to $16 from $13. Core Scientific’s deal with AI hyperscaler CoreWeave has helped…
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
Bitcoin financial services firm Swan Bitcoin pulled its plan to take the company public, discontinued its managed mining unit and cut staff across several units. Swan CEO Cory Klippsten said in a…
Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every…