Latest News and Articles about Bitcoin Mining
North Dakota Bill Aims to Protect Bitcoin Mining and Holder Rights
North Dakota’s Bold Move to Safeguard Bitcoin Mining Rights Can North Dakota’s new bill be the tipping point for Bitcoin mining rights in the U.S.? Representative Nathan Toman has introduced legislation designed to protect the rights of Bitcoin miners and holders, reflecting a broader push for digital asset rights across the country. Bill introduced to […]
Read MoreGrayscale Unveils Bitcoin Miners ETF: Invest in Mining Without Owning Crypto
Grayscale Launches Bitcoin Miners ETF: A New Way to Invest in Crypto’s Backbone Imagine investing in the very backbone of Bitcoin without owning a single coin. That’s the promise of Grayscale’s latest offering, the Bitcoin Miners ETF (MNRS), which gives investors a stake in the mining sector that powers the cryptocurrency network. Grayscale introduces Bitcoin […]
Read MoreMining Disrupt 2025: Largest Bitcoin Mining Event in Fort Lauderdale
Mining Disrupt 2025 Set to Break Records as the Premier Global Bitcoin Mining Event Debuts at Fort Lauderdale for Its 7th Year! Mining Disrupt 2025 is gearing up to be the largest and most significant event in the Bitcoin mining calendar, celebrating its seventh year in the sunny city of Fort Lauderdale. Set to take […]
Read MoreLN Compute Launches Game-Changing Liquid-Cooled Bitcoin Mining Facility March 2025
LN Compute’s New Liquid-Cooled Bitcoin Mining Facility to Launch March 1, 2025 – Launch date: March 1, 2025 – Features: 6,000 rack spaces, Antminer liquid-cooled series – Hash rate: 4 EH/s – Uptime: 99% – Energy savings: Up to 30% On March 1, 2025, LN Compute will flip the switch on a Bitcoin mining facility […]
Read MoreRosseti Boosts Bitcoin Mining with Idle Energy, Amid Russia’s Crypto Surge
Russia’s Largest Power Company, Rosseti, Turns Idle Energy into Bitcoin Profits Russia’s largest government-supported power company, Rosseti, has announced a strategic move to support Bitcoin mining by utilizing unused power stations, aiming to maximize unused energy capacity, generate additional revenue, and boost regional economic development through tax contributions. This initiative comes amidst a wave of […]
Read MoreArgo Blockchain CEO Resigns Amid $6.3M Loss: Mining Industry Struggles
Argo Blockchain CEO Steps Down Amid Financial Turbulence Argo Blockchain’s CEO, Thomas Chippas, has resigned effective February 28, 2024, amid the company’s ongoing financial challenges, highlighting the volatility and difficulties of the Bitcoin mining industry. CEO Thomas Chippas resigns effective February 28, 2024 Argo faces financial struggles with a Q3 2024 net loss of $6.3 […]
Read MoreArkansas Proposes Bill to Ban Bitcoin Mining Near Military Bases Over Security
Arkansas Moves to Ban Bitcoin Mining Near Military Bases Amid Security Concerns Can a state’s push for security compromise the future of cryptocurrency? Arkansas lawmakers have proposed Senate Bill 60, aiming to ban Bitcoin mining operations within a 30-mile radius of military facilities. This legislative move directly targets a new mining facility by Interstate Holdings […]
Read MoreBitFuFu Targets Oklahoma for Bitcoin Mining Expansion with 51-MW Facility Acquisition
Singapore’s BitFuFu Sets Sights on Oklahoma for Bitcoin Mining Expansion Singapore-based BitFuFu, backed by mining powerhouse Bitmain, is making a bold move into the heart of North America by planning to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in Oklahoma. This strategic acquisition aims to capitalize on the region’s low-cost electricity, […]
Read MoreGryphon Digital Mines $18.7M Canadian Site for AI and HPC Expansion
Gryphon Digital Acquires $18.7M Site in Canada, Inks New Bitcoin Mining Deal In a bold move that signals the future of cryptocurrency, Gryphon Digital Mining has invested $18.7 million in a new venture, acquiring an 850-acre industrial site in Southern Alberta, Canada, from Captus Energy. This acquisition aims to future-proof Gryphon’s operations by expanding into […]
Read MoreFire Token Launches Presale for Eco-Friendly Bitcoin Mining in Canada
Fire Token Ignites Presale for Tokenized Bitcoin Mining in Canada Earning Bitcoin without the noise of mining machines in your home? Fire Token’s Calgary-based presale aims to turn this vision into reality, leveraging Canada’s low electricity costs and renewable energy. Tokenized Bitcoin mining in Canada Leveraging renewable energy Promising yearly returns of 15-25% Navigating post-halving […]
Read MoreBitcoin Mining Difficulty Hits 110.45T: 8th Rise Boosts Network, Raises Concerns
Bitcoin Mining Difficulty Reaches New Heights: 8th Consecutive Increase Signals Robust Network Growth Bitcoin mining difficulty has soared to an unprecedented 110.45 trillion, marking the eighth consecutive increase since October 9. This significant adjustment occurred on January 13 at block height 878,976, reflecting a 0.61% rise from the previous level. So, what does this mean […]
Read MoreCleanSpark Reaches 10,000 BTC Milestone: Impact on Bitcoin Mining?
CleanSpark Hits 10,000 BTC Milestone: A Game-Changer in Bitcoin Mining? CleanSpark, a leading U.S.-listed Bitcoin mining company, has just hit a colossal milestone: amassing over 10,000 BTC in its treasury. More than doubling their Bitcoin stash in a year, with a jaw-dropping surge of 236% year-over-year growth, CleanSpark isn’t just mining Bitcoin; they’re mining milestones! […]
Read MoreThai Police Seize 996 Bitcoin Miners in Chonburi, Crack Down on Electricity Theft
Thai Police Crack Down on Massive Illegal Bitcoin Mining Operation – Electricity Theft and Cryptocurrency Crimes In a stunning move, Thai authorities have dismantled a massive Bitcoin mining operation in Chonburi province, seizing nearly 1,000 specialized computers used for mining. The operation was not only stealing electricity but also putting immense pressure on the local […]
Read MoreHive Digital Relocates to Texas, BitFuFu Secures 80,000 Miners from Bitmain
Hive Digital’s Texas Move and BitFuFu’s Big Buy: Navigating the New Crypto Landscape Hive Digital, a Bitcoin mining company, has shifted its operations from Vancouver, Canada, to San Antonio, Texas, betting on the incoming Trump administration’s pro-crypto policies and the robust U.S. capital markets. Meanwhile, Singapore-based BitFuFu secures a massive deal with Bitmain, signaling aggressive […]
Read MoreU.S. Takes Over 40% of Bitcoin Mining Power, Raising Centralization Concerns
United States Dominates Bitcoin Mining with Over 40% Global Hashrate Share The United States has emerged as the global leader in Bitcoin mining, commanding over 40% of the world’s hashrate by the end of 2024. This surge is primarily driven by Foundry USA, the largest mining pool globally, with a hashrate of 280 EH/s, and […]
Read MoreHome Bitcoin Mining Guide: Set Up and Profit in 2024
Home-Based Bitcoin Mining: Your Step-by-Step Guide Interested in turning your home into a Bitcoin mint? Here’s a no-nonsense guide to setting up your own home-based Bitcoin mining operation in 2024. Select robust mining hardware Calculate your electricity costs Choose the right mining software Decide between mining pool or solo mining Configure your system Assess profitability […]
Read MoreCango Inc. Boosts Bitcoin Mining, Produces 569.9 BTC in December 2024
Cango Inc. Ramps Up Bitcoin Mining with 569.9 BTC Mined in December 2024 Cango Inc., a prominent name in China’s automotive sector, has made a significant leap in its Bitcoin mining operations, producing 569.9 Bitcoins in December 2024. This move demonstrates the company’s strategic shift into the crypto world, aiming to diversify revenue streams and […]
Read MoreMara Holdings Mines 890 BTC in December 2024, Boosts Hash Rate to 53.2 EH/s
Mara Holdings Shatters Records with 890 BTC Mined in December 2024 – Mara Holdings mined 890 BTC in December 2024. – Energized hash rate rose 15% to 53.2 EH/s. – MARAPool’s hash rate surged 168% in 2024. – Holds 44,893 BTC, worth $4.2 billion. – Mined 9,457 BTC and bought 22,065 BTC in 2024. – […]
Read MoreBitFuFu’s Stock Soars 13% After Securing 80,000 Miners from Bitmain
BitFuFu’s Shares Surge 13% on Major Bitcoin Mining Deal with Bitmain for 80,000 Miners Singapore-based BitFuFu, a key player in the Bitcoin mining industry, saw its shares rise by 13% following the announcement of a significant deal with Bitmain, a leading crypto mining hardware manufacturer. This partnership involves BitFuFu purchasing up to 80,000 Bitcoin miners, […]
Read MoreSyria Proposes Bitcoin Legalization to Revive Economy Amidst Challenges
Syria’s High-Stakes Gamble: Proposing Bitcoin Legalization for Economic Revival Syria is contemplating a groundbreaking financial overhaul with a proposal to legalize Bitcoin, aiming to resurrect its economy from the ashes of war. The Syrian Center for Economic Research’s plan involves using Bitcoin to combat inflation, stabilize the economy, and draw in global investments. Central to […]
Read MoreEthiopia’s $1B Bitcoin Mining Boom: Leading Africa’s Crypto Revolution with Renewable Energy
Ethiopia’s Bitcoin Mining Surge: A Beacon of African Innovation and Economic Growth In 2024, Ethiopia has emerged as a global leader in Bitcoin mining, leveraging the Grand Ethiopian Renaissance Dam (GERD) to generate around $1 billion in profits. This development not only highlights Africa’s growing fintech sector but also presents a sustainable model for cryptocurrency […]
Read MoreBitcoin Mining Profitability Squeezed by Rising Costs and Competition
Bitcoin Mining Faces Rising Costs as Hashprice Boosts Provide Only Temporary Relief Bitcoin mining is grappling with increased operational costs and challenges, despite a robust network performance indicated by rising difficulty and hash rate. The recent surge in hashprice has offered temporary relief, but miners are facing long-term pressures from rising costs and competition for […]
Read MoreFoundry Refunds 8.18 BTC Overpayment Amid 60% Layoffs
Bitcoin Miner Foundry Returns Excess 8.18 BTC Fee After Transaction Error Bitcoin mining giant Foundry USA Pool recently refunded an accidental overpayment of a transaction fee amounting to 8.18 BTC, valued at approximately $777,000. This incident, alongside significant layoffs at Foundry, highlights the complexities and economic pressures within the crypto mining industry. 8.18 BTC fee […]
Read MoreRhodium Co-CEO Resigns Amid Bankruptcy, Sells Bitcoin Mine for $40.6M
Rhodium’s Co-CEO Resigns Amid Bankruptcy and Bitcoin Mining Asset Sale Rhodium Enterprises, a prominent player in the Bitcoin mining sector, faces a tumultuous period as it navigates bankruptcy and the sale of key assets. Amidst these challenges, Co-CEO Nathan Nichols has resigned, adding further uncertainty to the company’s future. Nathan Nichols resigns amid fraud allegations […]
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