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Browsing Category
Mining
Bitcoin miner Bitdeer to launch 570 MW power facility in Ohio
Bitdeer has secured a 30-year lease for land at the Monroe County Port Authority-owned Hannibal Industrial Park in Ohio. Bitcoin mining company Bitdeer, founded by Chinese billionaire Jihan Wu in…
Bitcoin Miner CleanSpark to Buy Peer GRIID in $155M Deal
CleanSpark will buy GRIID Infrastructure in an all-stock deal with total enterprise value of $155 million. GRIID shares tumbled more than 50% on the news, while CLSK rose nearly 4%. The deal has been…
Chinese Government Urged to Reconsider Crypto Mining Ban: Details
Influential voices within academia and the tech sector are urging the Chinese government to reconsider its stringent ban on crypto mining. This call for reassessment comes amid global shifts in the…
Bitcoin Miner Marathon Mined $15M Kaspa Tokens to Diversify Revenue
Marathon has mined 9 million of KAS tokens since Sept. 2023, valued at about $15 million. The miner has brought 30 petahash worth of machines online to mine Kaspa, while 30 more will be starting by…
Bitcoin Mining Profitability Is Near an All-Time Low—Why?
Although the Bitcoin network’s fourth ‘halving’ event occurred more than two months ago, its repercussions have continued to impact Bitcoin miners, making the industry’s profit margins tighter than…
Inside Hut 8’s AI ambitions after securing $150M in funding
Several bitcoin miners have become increasingly vocal about their diversification strategies post-Bitcoin halving, with many venturing further into AI.Hut 8 is among them, recently revealing it would…
Tierra del Fuego’s Rise as a Crypto Powerhouse Amid Argentina’s Economic Challenges
Tierra del Fuego leads Argentina in cryptocurrency transactions, leveraging tax incentives and cold weather for mining. Lemon Wallet’s “Crypto Cup” reveals Patagonia’s dominance in crypto…
Crypto Miner HIVE Sees 8% Revenue Growth, Expands into AI Computing
HIVE Digital Technologies, a cryptocurrency mining company, certainly has reasons to be pleased, as the last 12 months have presented a much better picture of its operations. After a record weak…
Analyst: Hut 8 failes to impress at Analyst Day presentation
Public Bitcoin miner Hut 8 disclosed its strategies for keeping up with other market participants during its first analyst day in nearly nine months. Following a merger of equals last November with…
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
Bitcoin miner Riot Platforms (RIOT) dropped its proposal to buy peer Bitfarms (BITF) and is looking to overhaul the board before engaging in further takeover attempts. "Over the course of more than a…