Category : Bitcoin Mining

Bitcoin Mining

Bitfarms Inks $125 Million Deal to Acquire...

Bitfarms has acquired Stronghold Digital for $125 million. The deal will add about 950 MW to Bitfarms’ operations by the end of...
Bitcoin Mining

Malaysian authorities arrest seven individuals for power...

Malaysian authorities have recently arrested seven individuals for allegedly engaging in illegal Bitcoin mining operations involving electricity theft. According to local media reports from...
Bitcoin Mining

Bitcoin Miners Eye $13.9B Annual Boost by...

Bitcoin miners may significantly boost their revenue by shifting some of their energy capacity to artificial intelligence (AI) and high-performance computing (HPC), according to...
Bitcoin Mining

Bitcoin Mining Profitability Dropped in July

Public Bitcoin miners in the US observed marginal losses in July while mining more BTC. They can face greater losses this month because...
Bitcoin Mining

IMF Proposes 85% Tax Increase to Cut...

The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in...
Bitcoin Mining

Riot Platforms Registers Q2 Losses, Increases Mining...

Bitcoin miner Riot Platforms revealed a net financial loss of $84.4 million during Q2 2024, registering its first quarterly loss since Q4 2022. The...
Bitcoin Mining

Marathon Digital’s Stock Price Drops as Its...

Marathon Digital (MARA) observed declining stock price as it did not meet Wall Street’s profit expectations. The price fell as much as 8% on...
Bitcoin Mining

Hut 8 Secures Power Deal to Open...

Hut 8, a well-known Bitcoin mining firm, has secured a deal to acquire 205 megawatts of power in West Texas, as well as the...
Bitcoin Mining

Bitcoin Miners Are Operating at Losses After...

Only five miners remain profitable after bitcoin dropped to prices below $54,000, said f2pool, a crypto mining firm.  “With #Bitcoin trading below $58k, what...
Bitcoin Mining

CleanSpark Buys GRIID in $155 Million Transaction

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction. The merger...
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