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CryptoCurrency

MARA: Largest Bitcoin Miner on Wall Street Unlocks $200M BTC-Backed Credit Line

  • Former Marathon Digital Holdings plans to use the funds for “strategic opportunities.”
  • According to Macquarie Financial Group, Nasdaq-listed MARA stock is expected to grow by 50%.
Wednesday, 16/10/2024 | 08:38 GMT by Damian Chmiel
CryptoCurrency

Bitcoin Miners See Strong Production Increases in September

  • Marathon Digital achieved a remarkable increase of 245% in Bitcoin production.
  • Bit Digital experienced a decline in Bitcoin production due to a maintenance outage.
Thursday, 05/10/2023 | 06:37 GMT by Tareq Sikder
CryptoCurrency

Hut 8 Reports Decline in Q2 Revenue amid Low Mining Output

  • The company's revenue declined 56% year-over-year during the quarter.
  • The decline was contributed by the closure of the miner's North Bay facility.
Monday, 14/08/2023 | 18:01 GMT by Jared Kirui
CryptoCurrency

HIVE Blockchain Crypto Production Falls in June to 259 BTC

  • HIVE produced 259 Bitcoins in June, which is less than the previous month.
  • The company maintained an average of 3.3 Exahash of Bitcoin mining capacity.
Monday, 10/07/2023 | 07:18 GMT by Damian Chmiel
CryptoCurrency

Argo Blockchain Turns £194M in Loss as BTC Price Tumbled in 2022

  • The revenue of the company declined 36 percent.
  • It strengthened its balance sheet with the sale of the Helios facility.
Friday, 28/04/2023 | 08:58 GMT by Arnab Shome
CryptoCurrency

HIVE Blockchain Produces More BTC in March 2022 despite Rising Mining Difficulty

  • HIVE mines more Bitcoin than in January and February 2023.
  • The more robust numbers were achieved despite the record-high mining difficulty.
Monday, 17/04/2023 | 08:24 GMT by Damian Chmiel
CryptoCurrency

Hut 8 Loss Deepens Despite Higher Mining Rate

  • The company was able to mine 928 bitcoins.
  • Despite increased production, the net loss is deepening.
Thursday, 10/11/2022 | 14:02 GMT by Damian Chmiel
News

Argo Blockchain Sees 2,033% Jump in 2021 Net Income

  • The company benefited from the reduced hashrate last year.
  • It is expecting to kick off operations at Helios in May.
Thursday, 28/04/2022 | 06:53 GMT by Arnab Shome
CryptoCurrency

BitNile Mines 31.7 BTCs in March as Miner Count Doubles

  • At $46,305.11 per BTC, BitNile mined $1,467,900 in bitcoins in March.
  • BitNile is eyeing 2.24 EH/s in production capacity.
Monday, 04/04/2022 | 07:04 GMT by Solomon Oladipupo
News

Hut 8 Posts Revenue of $173.8 Million in 2021

  • The company increased its Bitcoin holdings significantly last year.
  • Adjusted EBITDA climbed to $96.6 million in 2021.
Thursday, 17/03/2022 | 13:09 GMT by Bilal Jafar
CryptoCurrency

Digital Power Optimization Raises $2.5M in Funding Round Led by NYDIG

  • Digital Power Optimization and NYDIG have partnered to transform bitcoin mining.
  • The investment will help redefine power consumption in the energy sector.
Thursday, 10/02/2022 | 09:19 GMT by Nicholas Otieno
CryptoCurrency

Riot Blockchain Announces 458 Bitcoins Mined in January 2022

  • Riot Blockchain mined 458 Bitcoins in January 2022, 7.8% up from December 2021
  • The mining firm expects to increase its hashrate capacity of around 12.8 EH/s
Sunday, 06/02/2022 | 10:17 GMT by Nicholas Otieno
News

HIVE’s Bitcoin Equivalent Production in January Reaches 425 BTC

  • The company produced 13.7 BTC equivalent per day on average during the last month.
  • As of 31 January 2022, HIVE holds 2,043 Bitcoin.
Friday, 04/02/2022 | 07:08 GMT by Bilal Jafar
CryptoCurrency

BitNile Releases January's Bitcoin Production and Mining Operations Report

  • BitNile saw an increase of its bitcoin mining production.
  • The crypto mining firm plans to expand its facilities.
Thursday, 03/02/2022 | 07:19 GMT by Nicholas Otieno
CryptoCurrency

BitFuFu Announces Plans to Go Public in US via SPAC

  • BitFuFu, a Hong Kong-based cloud mining platform, plans to go public in the US.
  • The company, merging with Arisz Acquisition Corp, is targeting a $1.5 billion valuation.
Tuesday, 25/01/2022 | 16:02 GMT by Nicholas Otieno
CryptoCurrency

Vortex Brands Purchases Additional 8 S19j Pros Crypto Mining Machines

  • Vortex Brands has ordered additional crypto machines.
  • The company plans to expand its bitcoin mining operations.
Monday, 24/01/2022 | 17:47 GMT by Nicholas Otieno
CryptoCurrency

Core Scientific Debuts on the Nasdaq after It Completed SPAC Merger

  • Core Scientific went public on January 20.
  • The debt came after the Bitcoin mining firm merged with a SPAC.
Friday, 21/01/2022 | 16:11 GMT by Nicholas Otieno
CryptoCurrency

European Regulator Calls for Effective Ban on Proof-of-Work Crypto Mining

  • Erik Thedéen calls for a ban on Bitcoin mining.
  • The regulator is advocating for a shift to more efficient technology.
Thursday, 20/01/2022 | 01:43 GMT by Nicholas Otieno
CryptoCurrency

Intel Plans to Launch Bitcoin-Mining ‘Bonanza Mine’ Chip

  • Intel plans to enter into the Bitcoin mining hardware business.
  • Intel soon competes with bitcoin mining giants like Bitmain.
Tuesday, 18/01/2022 | 18:53 GMT by Nicholas Otieno
CryptoCurrency

Iran Closes Crypto Mining Operations to Prevent Winter Blackouts

  • Iran orders temporary shutdown of crypto mining operations.
  • Crypto mining still accounts for a large amount of national energy usage
Tuesday, 28/12/2021 | 07:36 GMT by Nicholas Otieno
CryptoCurrency

Creek Road Miners Buys 600 Bitcoin Mining Machines from Bitmain

  • Creek Road Miners buys 600 Antminers to expand its crypto mining capabilities.
  • An increasing number of firms continue to demand crypto mining machines.
Friday, 24/12/2021 | 07:06 GMT by Nicholas Otieno
CryptoCurrency

Debunking 5 Myths to Help You Understand Bitcoin’s Mining Sustainability

  • Bitcoin mining consumes a massive amount of energy, but, the cheapest sources of energy remain sustainable sources.
Monday, 04/10/2021 | 17:23 GMT by Guest Contributors
News

Bitmain Suspends Sales amid China’s Crackdown on Crypto Mining

  • A company spokesman did not comment if the rig maker will resume the business.
Thursday, 24/06/2021 | 20:24 GMT by Felipe Erazo
News

Iran Bans Cryptocurrency Mining during Summer Season

  • The country banned Bitcoin and crypto mining ahead of its peak electricity demand season.
Wednesday, 26/05/2021 | 09:45 GMT by Bilal Jafar
News

Chinese Province Proposes to Blacklist Illegal Bitcoin Miners

  • The ruling punishes internet cafes and providers who are engaged in crypto-related mining activities.
Tuesday, 25/05/2021 | 17:33 GMT by Felipe Erazo
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