Crypto Mining News and Insights

The latest crypto mining news and insights to help you become an expert

Latest News

Argo Blockchain Requests Restoration Of Trading On London Stock Exchange

Argo has asked the UK FCA to restore its share listing on the London Stock Exchange. The regulatory body suspended the trading of the company’s securities on LSE after Argo accidentally published it would be filing for bankruptcy.

Sattva Block Co. Launches Two New Crypto Mining Sites

Crypto mining service Sattva Block Co has announced the launch of two new mining sites. They will use liquid cooling technology to boost hash rate, efficiency, environmental sustainability, and overall mining performance.

Argo Blockchain's Shares Plunge Following Unsuccessful $27M Fundraise

Argo’s attempt to raise $27 million to sustain its business was unsuccessful. The company called off the LoI signed with a strategic investor because the deal could not go through under the previously announced terms.

Vertrax Miner Launches an Efficient Crypto Miner For Mining Start-ups

Vertrax Miner has launched its product that enables crypto miners to mine various cryptocurrencies. Its unique features aim to offer seamless mining for users.

Moldova Bans Crypto Mining As Energy Crisis Continues

Moldova has banned crypto mining in the country as part of its emergency measures to manage its current electricity crisis. Ukraine cannot continue exporting electricity to the country, hence the shortage.

Core Scientific Set To File For Bankruptcy

Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.

Aspen Creek Opens Second Solar-Powered Bitcoin Mining Center in Texas

Aspen Creek Digital Corporation has announced the commencement of operations of its second high-performance computing center. The center can host 10,000 ASIC miners and is linked to a brand-new 87MW solar farm.

Block Hires Former Argo CTO To Develop Bitcoin Mining Division

Block has hired a former Argo CTO, Perry Hothi, to assist in developing its Bitcoin mining division. This move by Block is part of its effort to provide crypto-centric services for its users.

Canaan Inc. Announces Launch of New Generation Bitcoin Mining Machines

Leading provider of Bitcoin mining machines, Canaan Inc., has launched its Avalon Made A13 ("A13") series. The series consists of two models promoted as more power-efficient with more computational power.

Kazakhstan Retains Its Position As The Third Largest Hub For Bitcoin Mining

The Cambridge Centre for Alternative Finance (CCAF) revealed that Kazakhstan-based miners accounted for 13.22% of the total Bitcoin hash rate, with the country’s monthly hash rate averaging 24.6 Eh/s. 

Bitcoin Mining Difficulty Hits New Record High After Increasing by 3.44%

Bitcoin mining difficulty has jumped by another 3.44%. This brings the network's mining difficulty to a lifetime high of 36.84 trillion (ET). BTC's hash rate is currently between 260 and 275 EH/s.

Russia’s Bitcoin Mining Revenue Grew 18 Times Between 2017 And 2021

Crypto mining company Intelion Data Systems reported that the revenue of Russian Bitcoin miners has grown at an impressive pace between 2017 and 2021.

Pennsylvania Town Uses Coal Waste To Mine Bitcoin

Nesquehoning, a borough in Pennsylvania, reportedly uses the waste generated by old coal mines to power a Bitcoin mine.

Binance Aids Bitcoin Miners By Launching $500M Lending Pool

Binance revealed its plans to support Bitcoin miners by launching a $500M lending pool.

Miners Face More Trouble as Bitcoin Mining Difficulty Hits New Highs

Bitcoin mining difficulty has reached a new high, increasing by 13.55% over the previous figure. Part of the rising difficulty is attributed to Ethereum's "Merge" upgrade, which freed up more space for Bitcoin miners.

Luxor Set to Offer Derivatives for Bitcoin Miners to Hedge Risk

Luxor has just launched Luxor Hashprice NDF. This derivative product aims to enable miners to hedge their exposure to Bitcoin prices and the energy costs associated with mining.

Norway Government Moves To Eliminate Subsidized Electricity Tax for Bitcoin Miners

Norwegian government has made known its intention to eliminate subsidized electricity tax rates for Bitcoin miners. They believe miners should be exposed to the same standard electricity tax rate as other industries.

Grayscale Releases Bitcoin Mining Investment Vehicle

Grayscale partnered up with Foundry Digital to launch an investment vehicle centered around Bitcoin mining. This product will capitalize on the depressed prices of Bitcoin mining equipment caused by the bearish market.

Bitcoin Mining Pool Poolin Faces Chaos As Liquidity Crisis Continues

Bitcoin mining pool, Poolin, is under distress due to the withdrawal freeze on its wallet. Its hash rate and revenue have fallen significantly as many miners exit the pool.

Argentina’s State-Owned Oil Subsidiary YPF Luz Moves into Crypto Mining

YPF has moved into crypto mining and is set to power Bitcoin operations using residual gases generated from oil production. The 1-megawatt operation is currently being tested in Vaca Muerta.

Merkle Standard Increases Hashrate to 900% Within 8 Months

Merkle Standard has increased its hashrate to 900% within eight months. This has led to the rise in its computing power from a previous rate of 0.3EH/s to 3.1EH/s.

Russia Plans To Sell Electricity To Kazakhstan Miners

‍Russian energy generation company, Inter RAO, plans to sell electricity to mining farms operating in Kazakhstan under the contract signed with Kazakh crypto mining enterprises.

Bitmain Helps Miners By Offering Antminer Mining Rigs At Discounted Rate

Bitmain has announced its plan to offer an 80% discount on its Antminer S19 Pro mining rigs. This move by the manufacturer is to support miners struggling amid the crypto winter.

Maple Finance Offers To Help Bitcoin Mining Firms With a $300M Lending Pool

Maple Finance has come to the aid of Bitcoin mining firms by launching a $300M lending pool. It aims to deliver “low-teen” risk-adjusted returns to accredited investors and capital allocators.

BitNile Expects Its Bitcoin Mining Rate To Double By December

According to the latest press release, BitNile Holdings Inc. expects its Bitcoin mining rate to hit 4.7 BTC per day by the end of this month, and believes this number will double by December.

South Australia’s First Solar-Powered Bitcoin Mining Facility Begins Operation

A crypto mining facility has been established in South Australia, and it will be powered primarily by solar energy. Local authorities say the development is important for decarbonizing blockchain.

Nic Carter Comments on White House Crypto Mining Climate Implication Report

The White House OSTP released a report addressing crypto mining’s impact on the climate. However, it did not sit well with Nic Carter, who stated they did not address all the necessary issues and cited unworthy sources.

Michael Saylor Shares Thoughts on Bitcoin Mining and the Environment

Addressing some misconceptions surrounding Bitcoin mining and its impact on the global environment, Michael Saylor claims Bitcoin is beneficial, not detrimental.

Hive Blockchain Considers Mining Ethereum Alternatives Ahead Of The Merge

Hive Blockchain begins analyzing other GPU mineable coins to optimize its mining equipment for the upcoming Ethereum Merge.

Poolin To Suspend BTC And ETH Withdrawals Starting September 6

Poolin revealed its plans to freeze Bitcoin and Ethereum withdrawals after September 6 to stabilize liquidity and preserve users’ assets.

AntPool To Cease Maintenance Of Clients’ Assets On Ethereum After The Merge

The company stated that it cannot keep clients' assets on the Ethereum 2.0 network, but plans to settle with them before The Merge. This is attributed to the risk of censorship related to US sanctions on Tornado Cash.

Iran Confiscates Over 9,400 Illegal Mining Rigs Operating In Tehran

Iranian authorities seize 9,404 mining rigs from different districts of Tehran as the country suffers from power shortages throughout the summer. 

Miners To Make A Choice As Ethereum Merge Approaches

Experts weigh in on the impact of the upcoming Ethereum Merge on mining pools and miners.

SBI Holdings Loses 40% Of Its Hash Rate, Canaan Doubles Mining Profits

SBI Holdings sees a 40% drop in its hash rate after it ceases crypto mining operations in Siberia, while Canaan sees an increase of 117% in its mining revenue despite China’s crypto ban and the overall decrease in mining profits.

Miner Selloff Reduces With Increased Mining Difficulty

Panicking miners sold off their BTC following the Luna crash; however, recent reports indicate a reduction in the selloff rate.

Bitmain And Antpool Partners With Antalpha To Support Bitcoin Mining Industry Amid Capitulation

Bitmain and its mining pool are partnering with Antalpha to help miners refinance billions of dollars in debt at lower rates.

Bitcoin Mining Revenue Gains 69% From 2022 Low

Recent data reveals that BTC mining revenue rose from $13.9 million in July to $23.5 million in August, achieving a 69% growth.

Bitcoin Mining Company CleanSpark Acquires 86MW Mining Facility

Bitcoin mining company, CleanSpark, widens its tentacles by acquiring 86MW Georgia-based facility.