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Browsing Category
Mining
President Putin blames energy deficits for the creeping ban on crypto mining across Russia
President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto mining across his country. Putin’s comments on the matter…
Esports Giant Ninjas in Pyjamas Buys Bitcoin Miners, Expects Monthly Production of $6.5M in BTC
NIP Group, the parent company of iconic esports organization Ninjas in Pyjamas, announced on Tuesday that it is entering the game of Bitcoin mining. The group is joining the industry through the…
Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures
The summer heat is taking a toll on U.S.-based Bitcoin mining operations, with multiple public miners reporting lower realized hashrates in June due to curtailments to avoid high power costs and grid…
CleanSpark’s Tennessee expansion boosts stock 11% amid local unrest
Bitcoin miner CleanSpark has reportedly received approval to build a new mining facility in Mountain City, Tennessee, local media outlet WCYB reported on July 2. According to the report, the Mountain…
Over 100% Profit, Zero Selling: What Are Bitcoin Miners Waiting For?
Even though the price of Bitcoin has more than doubled their production costs, miners are not selling their holdings. That is what Ki Young Ju, the CEO of CryptoQuant, recently highlighted with the…
MARA Bitcoin Production Slides 25% as Mining Environment Toughens
MARA Holdings’ Bitcoin mining production slid 25% in June as the firm faced poor weather conditions at a Texas facility and ongoing challenges that have made mining more difficult industry-wide, its…
Bitcoin Mining Companies’ Revenues Are Falling, But They’re Not Selling – What Does This Mean…
Cryptocurrency analytics company Alphractal has published a remarkable assessment of the Bitcoin mining industry. The report notes that miners are not selling their Bitcoin reserves despite facing…
Ethiopians question demand and power consumption despite crypto mining boom
Ethiopia has seen a rise in power concerns attributed to crypto mining activities amid the boom in the country’s cryptocurrency industry. According to reports, the crypto mining and data center…
Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility? Was Iran Mining…
Iran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh international sanctions and high inflation. But experts say it is still…
How Much Bitcoin Has Iran Mined? It’s Complicated
Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has dwindled in value due to severe inflation since at least 2019.…