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Mining
Bitcoin miner TeraWulf to raise $3B for Google-backed data center: Report
Crypto mining company TeraWulf is reportedly raising approximately $3 billion through Morgan Stanley to build data centers, with tech giant Google providing support. The TeraWulf funding round will…
Why Bitcoin’s hashrate explosion could squeeze public miners next
On Sep. 23, Bitcoin’s hashrate set a new all-time high of 1,073 EH/s. Over the last month, raw compute rose about 21%. Over the last quarter, roughly 70%. Over the last year, the curve went vertical,…
Bitcoin Miner IREN Has 80% Potential Upside Thanks to Big Bet on AI Cloud: Bernstein
IREN (IREN), one of the largest self-operated BTC$113,075.06 miners in the U.S., is breaking away from the pack, and Wall Street is taking notice. Bernstein analysts raised their price target on IREN…
Hive Digital Tech achieves 2% of global Bitcoin mining capacity with green energy
Key Takeaways Hive Digital Technologies now holds 2% of the global Bitcoin mining capacity with a 20 EH/s hashrate. The company's operations in Paraguay are powered entirely by green hydroelectric…
Major Boost: Parataxis Korea Secures US Bitcoin Mining Infrastructure
In a significant development for the institutional cryptocurrency landscape, Parataxis Korea, a prominent South Korean Bitcoin treasury platform, has announced a pivotal acquisition. The company has…
MicroBT Opens US Online Shop With 10,000 Whatsminer Monthly Production Capacity
MicroBT has launched a dedicated online shop in the United States, enabling customers to order domestically built Whatsminer bitcoin mining rigs directly. This article is from Theminermag, a trade…
CleanSpark Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime
Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity.…
Tether denies reports it ditched $500M crypto project in Uruguay
Stablecoin issuer Tether has denied widespread local media reports that it is exiting Uruguay over a $4.8 million debt dispute with one of the country’s state-owned electricity entities. According to…
IREN Shares Jump 11% in Pre-Market Trading as Bitcoin Miner Doubles AI Cloud Fleet
IREN (IREN) jumped 11% in pre-market trading to $43 after the company announced it has doubled its AI Cloud capacity to 23,000 GPUs, lifting its annualized run-rate revenue target to more than $500…
Bitcoin Mining Profitability Fell in August, Jefferies Says
Bitcoin BTC$114,702.33 mining profitability declined 5% last month primarily becuase of an increase in the network hashrate, investment bank Jefferies said in a research report Sunday. "A hypothetical…