Bitcoin Mining


Iris Energy Unplugs Its Miners Following $100M Loan Default

Iris Energy has unplugged many mining machines due to a loan default. The lender has demanded that the payments be made in full immediately, and the hosting arrangements with the facilities have been terminated.‍

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.

Did China Really Leave The Crypto Markets?

China might be passively involved in crypto behind the scenes. Find out how

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.

EU’s Draft Law Urges Member Nations To Be Ready To Halt Crypto Mining

The European Union seeks to curb the energy consumed by mining operations with its latest draft law. 

Ethereum’s Post-Merge Censorship Issue May Hit New Highs

The introduction of MEV-Boost relays following the Merge has led to a significant increase in Ethereum ecosystem censorship. The recently reported 51% censored blocks mark a significant step towards full censorship.

New Reveal: Bitcoin’s Roles in Supporting a Better Climate

Discussing how Bitcoin helps in mitigating climate change is long overdue. Contrary to the propanga peddled by the media, Bitcoin is on the greener side, and this article gives you all the details.

Bitcoin Miners Migration to Texas: Should Texans be Worried?

Bitcoin mining Companies relocating from China and elsewhere are settling in Texas. The state has what the companies need, and the companies are bringing capital investments and jobs. Here’s what we know.

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.

BitNile To Launch Bitcoin Marketplace In 2023

BitNile announced its plans to release a multi-vendor Bitcoin e-commerce platform in the first half of 2023.

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.

EU's MiCA Crypto Law Receives Loud Support in Lawmakers' Committee Vote

Lawmakers in the European Union have voted in favor of the Markets in Crypto Assets Regulation Bill (MiCA). This moves the bill ensuring stricter rules for crypto companies one step closer to becoming law.

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.

Staking Rewards to Host World’s First Staking Summit In November

Leading Data Aggregator Staking Rewards is set to host the world’s first Staking Summit this November. The event will have industry experts in attendance and cover topics centered around Staking and Proof of Stake.

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.

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

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.

NYDIG Raises $720 Million For Its Bitcoin Institutional Fund

NYDIG has generated about $720 million for its Bitcoin Institutional Fund. This success was made possible by the 59 Investors who donated an average of over $12 million to the fundraising.

The Truth Behind Bitcoin Mining and Traditional Banking Energy Consumption

Researchers and journalists have repeatedly presented wrong facts about Bitcoin mining and traditional banking energy consumption. However, we have dug the reals facts and presented them in this article.

Australia Could Be A Bitcoin Mining Superpower

Australia seems to have the perfect trifecta of government stability and support, societal adoption, and bountiful sunshine and land for clean energy production. Australia may not be the country many people think of as a potential Bitcoin superpower, but maybe they should.

Coordinated Hyperbolic Articles Against Bitcoin? Mainstream Media Should Do Better

Major mainstream media made a coordinated attack on Bitcoin’s energy consumption, releasing false facts about its climate impact. However, we give our reasons why their facts are untrue.

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.

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.

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. 

Celsius CFO Debunks Rumors, Reveals Details About Mining Operations

In a recent bankruptcy hearing call, Chris Ferraro, Celsius’ CFO, assures investors that the platform has enough funds to last until the end of 2022. 

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.

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.