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Mining
Marathon Digital mined 705 Bitcoin in September
Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported a 5% increase in Bitcoin production for September 2024. The company mined 705 Bitcoin (BTC), raising its total…
FED Senior Fellow Barkin Makes Important Statement on Interest Rates
Richmond Fed President Thomas Barkin said it is important to closely monitor economic developments and inflation to determine the pace and size of future rate cuts. Barkin Predicts Another 50 Basis…
Sanctioned BitRiver sees Russia poised to surpass US in Bitcoin mining by 2027 with Kremlin’s…
Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S. presidential candidates increasingly highlight the importance of…
Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan
Daily mining revenue and gross profit fell for a third consecutive month in September, the report said. The bank noted that the network hashrate rose 2% from August. Daily block reward gross profit…
September Slump: Bitcoin Miners See 2024’s Lowest Revenue
According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul.…
Bitcoin Miner Sues Judge and Prosecutor, Claiming It’s Been Targeted by Noise Laws
Bitcoin mining firm NewRays is suing a judge and prosecutor, alleging that they selectively enforced noise legislation against the company. In the complaint, NewRays states that despite other…
Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’
Proton Management argues that Swan Bitcoin never owned the mining business in question, as it was part of 2040 Energy, a separate entity funded by Tether in which Swan holds only a minority stake.…
Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice…
Bitdeer completes testing of SEAL02 mining chip
Bitdeer Technologies Group has tested its SEAL02 chip, reaching an efficiency target in Bitcoin mining. Bitdeer Technologies Group announced on Sept. 26 the successful testing of its latest (BTC)…
Hut 8 completes pivot to AI market with GPU-as-a-Service launch
Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in a tier-three data center in Chicago…