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Browsing Category
Mining
Bitfarms to boost US presence with Pennsylvania expansion amid Riot takeover bid
Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate. In a June 13 statement, the firm…
Chinese public telecom provider Coolpad Group allocates $13.5m to buy Bitcoin mining rigs
Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs. Coolpad Group, a public Chinese telecom provider…
Miner tensions rise as Riot now owns 14% of Bitfarms shares
Bitcoin mining giant Riot Platforms continues to buy more Bitfarms shares after its bid to buy the company outright was rejected. Toronto-based Bitfarms said Riot’s April takeover attempt undervalued…
Oklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin Mining
The Oklahoma Governor signed a bill exempting particular taxes for bitcoin mining. America has expressed its aim to become a leading nation within the BTC mining sector. The Governor of the USA…
NiceHash and Marathon partner to launch new firmware for miners
NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform. The new product, NiceHash…
Venezuela’s Bitcoin Mining Crisis: Government Actions and Potential Gas-Powered Solutions
Venezuelan Bitcoin miners halt operations as government disconnects power, citing strain on national electrical infrastructure. Miners consider gas-flaring energy as an alternative to bypass…
Bitfarms stock up 15% after anouncing large-scale mining site
After rejecting Riot’s takeover bid, Bitfarms announced a project to significantly increase its power capacity and Bitcoin mining capabilities by 2025. Bitfarms entered into an agreement to construct…
Analysis Company Reveals the Truth: “Bitcoin Miners Started Moving BTC to Exchanges”
Bitcoin miners are reselling their holdings as BTC struggles to maintain the $70,000 level. Data from CryptoQuant shows that BTC flows from miners' wallets to exchanges reached a two-month high last…
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1…
Donald Trump Commits to Championing Bitcoin Mining in DC
Today, Donald Trump met with Bitcoin Magazine's CEO David Bailey and several prominent U.S. Bitcoin miners. The meeting saw Trump commit to championing Bitcoin mining both in Washington D.C. and on…