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Browsing Category
Mining
This Wall Street Bitcoin Miner Orders 6,500 Canaan Machines in $100M Paraguay Push
The publicly listed Bitcoin miner from Wall Street, HIVE Digital Technologies Ltd. (NASDAQ: HIVE), is significantly expanding its BTC production capabilities through a substantial order of…
Riot Platforms mined 505 BTC in October, a 23% increase
Riot Platforms reported a 23% increase in total Bitcoin mined in October. The Bitcoin (BTC) mining and digital infrastructure firm, whose operation is one of the largest in the industry, announced on…
‘There’s No Catch’: Bitcoin Mining Startup Promises Free Money to Renewable Energy…
Bitcoin mining firm Sangha Renewables aims to help renewable energy companies start their own bitcoin mines. Green power producers often struggle with stranded energy and are even sometimes forced to…
How Does Bitcoin Mining Affect BTC Price?
What is Bitcoin mining? Bitcoin mining serves two main functions: securing transactions and introducing new Bitcoins into circulation. Miners use specialized hardware to solve complex cryptographic…
Wall Street’s Bitcoin Miners Boost Production, but Revenue Falls for 4th Straight Month
Several leading U.S. publicly listed mining companies from Wall Street, including TeraWulf, Riot Platforms, CleanSpark, and MARA, posted production gains in October. Although for some, the BTC…
HIVE Digital shares climb 11% on rise in Bitcoin holdings
Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value. Global Bitcoin (BTC) mining firm HIVE…
FERC blocks Amazon AI power deal, energy struggle with Bitcoin miners persists
The Federal Energy Regulatory Commission (FERC) stopped an Amazon AI data center from drawing more power from Talen Energy’s Susquehanna plant in Pennsylvania. The commission disapproved the proposed…
Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized…
Jack Dorsey's payment firm Block (SQ) plans a renewed focus on building equipment for bitcoin (BTC) miners and its self-custody crypto wallet, funded partly by giving up on creating a new…
Michael Novogratz’s Galaxy Looks to Turn Bitcoin Mining Into AI Computing as Revenue Falls
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers. The move comes as the Bitcoin…
Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2…