mining

Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the ...

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under ...

AI and machine learning (ML) is demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin miners are not jumping on the bandwagon just yet.Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Heatbit founder Alex Busarov b ...

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in ...

The Bitcoin (BTC) mining community recorded its annual all-time high (ATH) on Nov. 12 after raking in over $44 million in block rewards and transaction fees. The revenue from Bitcoin mining primarily comes from rewards for confirming Bitcoin transactions and creating new blocks using ...

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.The results saw Marathon also swing to a quarterly profit, with $64.1 million of net income in the third quarter, acco ...

Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.The key metric backing Mellerud's claim is enterprise value-to-sales ratio — measu ...

An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technolo ...

Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, Antminer T21.Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooling mi ...

Until Bitcoin (BTC) breaks its long-established $25-30k trading range, the crypto market is arguably in what some analysts have called a “crab market”. It is likely that a decisive macroeconomic or crypto-specific catalyst will be necessary to break out of it. This failed to occur in the month of ...

A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom ...

A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.On Oct. 16, the Pennsylvania House Environmental Resources and Energy Committee passed the Cryptocurrency En ...

Marathon Digital Holdings, a United States-based crypto mining operator, produced 1,072 Bitcoin in August. This is 9% less than in July, but still five times more than in August 2022. On Sept. 5, Marathon shared the unaudited BTC production and miner installation updates for August. A ...

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the mar ...

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.The CBECI was launched in July 2019 in an effort ...

Stronghold Digital Mining, a Pennsylvanian crypto-mining company, is currently seeking approval to produce up to 15% of its energy using shredded tires, at its Panther Creek plant in Nesquehoning. Local environmental activists are preparing to oppose the initiative.  ...

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans to d ...

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1.The NASDAQ-listed company outlined a variety of reasons influencing incr ...

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.Argo also notes that it has r ...

The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, the Oman Daily Observer, a data hosting and cryptocurrency mining center, was opened in the Salalah Free Zone, which is ...

Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.According to the company’s latest quarterly filing with the United States Securities and Exchange Commission, TeraWulf mined a total of 1,441 BT ...

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven b ...

Crypto mining firm Marathon Digital missed earnings and revenue expectations with its second-quarter 2023 results. Marathon's Q2 2023 results on Aug. 8 reported revenues of $81.8 million compared to Zacks Investment Research's estimate of $83.2 million.The crypto miner reported a ea ...

Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.According to an Aug. 8 filing in the United States Bankruptcy Court for the Southern District of Texas, Bitmain pla ...

The animated science fiction series Futurama, which was created long before Bitcoin (BTC) was even a gleam in Satoshi Nakamoto’s eye, poked fun at cryptocurrency miners in the third episode of its most recent iteration.In the episode “How the West Was 1010001,” which was released on Hulu o ...

Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, including WhatsMiner, AvalonMiner and Antminer.In a post shared on X (formerly Twitter) by Paolo Ardoino, the ...

On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve. Ga ...

Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the American state of South Carolina. The facilities came online in February and March.The facilities are located in the western part of the state, with the first opening in the to ...

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.The rules from the United States Securities and Exc ...

Several counties in the U.S. state of Arkansas are rushing to pass emergency legislations allowing them to control noise and other activities related to crypto mining before a new state law comes into effect on August 1, according to local media reports. The new state law brings crypt ...

Bitcoin (BTC) miners have been up against the ropes over the past year, with record amounts of BTC sent to centralized exchanges to cover costs in 2023.As Cointelegraph previously reported, the Bitcoin mining ecosystem has had an eventful year. The industry scored a staggering $184 mi ...

Satoshi Nakamoto mined the genesis block on Jan. 3, 2009, minting the first 50 Bitcoin (BTC) in history and kicking off what would become a billion-dollar industry centered around mining crypto. However, with a cap on Bitcoin supply, the fate of miners after the last coins are issued is unclear.& ...

Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a n ...

Crypto mining firm Hive Blockchain is now calling itself Hive Digital Technologies — after enacting a branding pivot that seeks to highlight its foray into artificial intelligence.The Vancour-based mining company said in a July 12 statement it has dropped “blockchain” fro ...

Bitcoin mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin (BTC) blocks.The blockchain adjusts its difficulty every two weeks to maintain its processing time ...

Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees.According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amo ...

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.The $184 million payout is more than a 270% increase from the first qu ...

Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges.In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges.Percent of miner revenue sent to exchanges. Source: GlassnodeIt noted ...

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.The rigs — which were sourced from mining manufacturer MicroBT — will boo ...

Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal. According to a June 21 announcement, the two facilities CleanSpark will purchase are tur ...

While, intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin (BTC), most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up on mining due to th ...

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax ...

Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements.On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 br ...

The management of the operator of the largest steblecoin by capitalization Tether announced the cooperation with the service KriptonMarket to promote USDT as a means of payment for small businesses in Argentina. KriptonMarket is working to improve access to stablcoin for ...

Since the beginning of the year, the figure has increased by 30% This was due to an influx of new miners and capacity But in 2 weeks, the difficulty dropped from 48.71 tons to 48.01 tons As analysts predicted, the new correction in BTC mining difficul ...

Trial was held in Kazan over Metroelectrotrans workers who installed an underground mining farm and stole the company's electricity. They were given suspended sentences. Interestingly, the underground miners held high positions - we are talking about the general director ...

But the price of 1 TH/s in dollars will also increase If the price of BTC continues to rise, most miners' shares will jump This year, the cost of mining one bitcoin in the US will rise from $5-10 thousand to $17 thousand. This follows a new report from analyst po ...

The chief technology officer of Ripple responded to critics who claim that XRP Ledger is not decentralized enough. David Schwartz defended XRPL, insisting on a level of decentralization similar to PoW consensus algorithm blockchain projects, "albeit in a slightly differen ...

PlanB, a renowned pseudonymous analyst known for creating the Stock-to-Flow model, has predicted a significant surge in the value of Bitcoin in 2024. This prediction is based on the upcoming halving of the cryptocurrency, which is the process of reducing the reward for mining a block by miners. ...

As per a report by the consulting firm RTM Group, the number of legal cases associated with cryptocurrencies surged in Russia in 2022, reaching 1758, indicating an increase of almost 15%. RTM Group analysts highlighted that in the previous year, there were 1531 court decisions linked to digital a ...

MicroStrategy's founder, Michael Saylor, has recently defended bitcoin miners, stating that their activities are not harmful to the environment, but instead, reduce energy bills for citizens. This comes after Senator Elizabeth Warren criticized miners for increasing energy bills for millions of A ...

Hive Blockchain, a Canadian mining firm, has recently reported an 8% increase in its total Bitcoin mining hardware hashrate over the last month. In May, Hive wallets received a total of 273.4 BTC and 2,694 ETH, while the hash rate of ETH mining devices remained constant at 6.26 Tx/s. The total ha ...

In a recent development, authorities from Buncombe County in North Carolina have proposed a temporary ban on cryptocurrency mining for a duration of one year. This proposal aims to categorize crypto mining as a distinct type of land use, differentiating it from other economic activities conducted ...

Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...

After a turbulent start to the month, accompanied by bank collapses, the market has calmed down. The growth in the value of cryptocurrencies continued, but at a slower pace than at the beginning of March 2023. Bitcoin The price of bitcoin has ch ...

The tax breaks for cryptocurrency companies in Belarus have been extended until January 1, 2025, as per a decree signed by President Alexander Lukashenko. The new decree not only prolongs the effect of tax benefits, but also outlines a plan for the development of the digital tokens sector in the ...

Benjamin von Wong, the Canadian artist responsible for the creation of Greenpeace's "Satoshi's Skull" online installation, has recently clarified that his artwork was never intended to be a direct attack on Bitcoin mining or its Proof-of-Work (PoW) consensus algorithm. Instead, von Wong explained ...

A new milestone has been reached in the world of Bitcoin mining, with a fresh recalculation revealing a record-breaking figure. The complexity of mining has spiked by 7.56%, reaching an impressive 46.84 trillion hashes. This exceeds the previous record, which was set on March 14 and stood at 43.5 ...

US House of Representatives member, Cody Harris, has presented a bill that is specifically designed to safeguard the rights of Bitcoin miners and owners in the state of Texas. The bill proposes that the rights of cryptocurrency holders should be protected under the Section 9 of Article I of the T ...

Bitcoin recently surged to test the $28,000 level once again, marking a nine-month high. Despite the bullish momentum, there are warning signs that suggest caution is needed, as the influx of BTC into exchanges and rising mining costs could impede further price gains. Miners can slow down ...

The Missouri House of Representatives committee recently gave approval to a bill aimed at safeguarding the mining of digital assets. This move follows similar legislation that was also passed by the Mississippi State Senate. The Missouri Digital Asset Mining Protection Bill aims to prohibit state ...

Canaan, the ASIC miner manufacturer based in China, has reported its financial results to the US Securities and Exchange Commission (SEC), indicating a massive 82% drop in revenue during the last quarter of the year. The report shows that the company earned a meager $56.8 million during October-D ...

As bitcoin continues to dominate the cryptocurrency market, miners face a number of challenges that could affect their profitability in 2023. Despite optimistic forecasts for the first cryptocurrency, miners have faced serious obstacles in recent years. The "growth at any cost" strategy, which in ...

The Montana State Senate recently approved a bill to safeguard bitcoin mining companies against a range of anti-industry measures and to restrict local governments from opposing mining operations. The legislation is aimed at defending the rights of BTC miners, with the majority of the Senate voti ...