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Wall Street Bitcoin Miner BitFuFu Launches Private-Label Pool, Holds 1664 BTC
- The pool offers commission rates starting at 0.4%, coinciding with Bitcoin's rise to $100K.
- The company is directing its self-mining hashrate to the new pool, planning to allocate 100%.
Thursday, 05/12/2024 | 11:34 GMT by
Tareq Sikder
This Wall Street Bitcoin Miner Orders 6,500 Canaan Machines in $100M Paraguay Push
- HIVE Digital orders new advanced Bitcoin miners and begins construction of a 100 MW facility in Paraguay.
- The expansion will increase the company's BTC mining capacity from the current 5.6 EH/s to 12.5 EH/s by Q3 2025.
Monday, 11/11/2024 | 08:34 GMT by
Damian Chmiel
Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
- The firm’s new miners aim to raise its hashrate to 9.3 EH/s, boosting energy efficiency by 37%.
- The company’s cryptocurrency mining upgrade will improve power efficiency to 19.9 J/TH.
Wednesday, 06/11/2024 | 12:52 GMT by
Tareq Sikder
Bitcoin Production Costs Hit $49,500 as Wall Street Miners Face Margin Squeeze
- Overall fees reached $96,100, including depreciation and stock compensation.
- Miners are responding by diversifying into AI operations and securing strategic power contracts.
Wednesday, 30/10/2024 | 15:42 GMT by
Damian Chmiel
Wall Street Bitcoin Miner Expands to Ethiopia to Combat 170% Surge in Production Costs
- BitFuFu Inc. is acquiring an 80-megawatt Bitcoin mining facility in East Africa to achieve 4.6 EH/s of mining capacity.
- The specter of record-high BTC production costs has painfully slashed the profits of this and many other crypto miners.
Tuesday, 22/10/2024 | 11:21 GMT by
Damian Chmiel
Tether Throws Hat in Ring with $100 Million Bitdeer Investment
- The investment includes an option for an additional $50 million in shares within a year.
- The ownership percentage remains undisclosed, with Bitdeer's share value increasing by 6.5% post-announcement.
Friday, 31/05/2024 | 15:34 GMT by
Tareq Sikder
Texas Regulator Halts Alleged Crypto Cloud Mining Scheme
- Payment processor used despite jurisdiction restrictions; account holder located outside the claimed base.
- Manipulated media, including CEO video at conference, were cited; no evidence of presence was found.
Wednesday, 29/05/2024 | 11:01 GMT by
Tareq Sikder
Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins
- Initiating coverage with a buy rating, the firm sees shares rise 5.2% to $8.47.
- The firm holds the second-largest reserve of bitcoins among listed miners, totaling 9,102 as of March 31.
Monday, 22/04/2024 | 14:57 GMT by
Tareq Sikder
Bitcoin Production and HIVE Shares Decline despite BTC Price Records
- Although the company continues to expand its crypto holdings, monthly production numbers have fallen.
- However, the miner's HODL position grew 10%, reaching 2,131 BTC by the end of February.
Wednesday, 06/03/2024 | 12:24 GMT by
Damian Chmiel
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