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Browsing Category
Mining
Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs
Investors gain access to bitcoin at below market rates via forward hashrate contracts directly from miners. Miners have immediate access to liquidity and can hedge against market volatility. Loka…
Bitcoin mining bill advances in Russia, awaits State Duma vote in late July
The State Duma’s Committee on Financial Markets recommended the lower House of the Russian Parliament approve the bill on regulating Bitcoin and altcoin mining activities, according to a recent report…
Bitcoin Mining Difficulty Drop Suggests BTC Price Is Nearing Bottom
Bitcoin miners have been struggling lately—though past data shows that could be a bullish signal for Bitcoin’s price. Since its peak in late May, Bitcoin’s total hash rate has declined from 658…
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 ordered to disconnect all Bitcoin mining operations from the power…
Malaysia lost over $755m due to illegal Bitcoin mining since 2018: report
Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional…
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 1 petahash per second (PH/s) of hashrate remains notably…
Core Scientific to add 15 EH/s through Block’s 3nm Bitcoin mining ASICs
Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into…
Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023
Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to…
EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
Today’s webinar hosted by the Energy Information Administration laid out their plans for future efforts on data collection surveys targeted at Bitcoin mining operations based in the United States…
Why AI’s Energy Use Isn’t Demonized Like Bitcoin’s
Last month, bitcoin mining company Core Scientific (CORZ) signed a 200 megawatt (MW) artificial intelligence (AI) deal with cloud computing firm CoreWeave, the former agreeing to modify some of its…