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Browsing Category
Mining
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 to recent reports, the Penguin Group, a cryptocurrency mining…
Crypto miner HIVE Digital to double revenue with 100MW center in Paraguay
Canadian cryptocurrency mining firm HIVE Digital has announced plans to build a 100MW mining center in Paraguay to boost its revenue. Crypto mining firm HIVE Digital is gearing up to build a 100…
Texas crypto miners turn to AI to diversify risk
Cryptocurrency miners in Texas are shifting their focus to AI operations as they seek to cushion themselves from the volatility in the crypto business. As crypto mining becomes unpredictable,…
Paraguay shuts illegal bitcoin mines that stole enough power to light a city
Paraguay has shut down more than 70 illegal bitcoin mines in the past five years, according to the country’s national energy supplier. Illegal mines in Paraguay reportedly steal up to $60 million…
Bitcoin Mining Is So Back (Except It’s AI Now)
Bitcoin is up 7% over the last five days. You know what that means? Bitcoin mining is so back (until bitcoin’s price falls 5% over a five-day stretch again, after which it’ll be so over again). With…
Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’
Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright. On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat…
Bitcoin miner Crusoe to build ‘multibillion-dollar’ AI data center in Texas
Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build a data center for artificial intelligence in Texas. Crusoe Energy, one of the first…
North Tonawanda pauses crypto mining for two years
North Tonawanda will implement a two-year suspension on all crypto mining developments in the city to tackle noise pollution from data centers. This comes after the city’s Common Council unanimously…
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
B Riley raised Core Scientific to buy from neutral, and lifted its price target to $13 from $0.50. Core is a future leader in high-performance computing hosting, the report said. The bitcoin miner has…
U.S.-Listed Bitcoin Miners’ Share of Global Hashrate Reached Record in July: JPMorgan
Bitcoin miners rallied strongly in the first two weeks of the month. JPMorgan notes that U.S.-listed bitcoin miners’ share of the global hashrate hit a record 26.6%. Every miner except Stronghold…