Mining News
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Latest Mining News
Jihan Wu-founded crypto mining firm Bitdeer is reportedly seeking $100 million to ramp up its mining capacity. Bitdeer Technologies Holding, a Bitcoin mining firm founded by Jihan Wu, is reportedly in pursuit of $100 million in funding to bolster its…
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market,…
With the approval of spot Bitcoin ETFs, traditional investors seem no longer relying on crypto-friendly mining stocks as a proxy to gain access to BTC. Publicly traded Bitcoin (BTC) mining companies have traditionally served as a gateway for investors to…
On March 14, the difficulty of Bitcoin mining reached a new historical maximum of 83.99 T.
Miners have seemingly started offloading their Bitcoin holdings as the fourth halving approaches, CryptoQuant notes. As Bitcoin (BTC) maintains its bull run and the fourth halving nears, miners have started selling their holdings in the cryptocurrency, monetizing their business operations…
According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the cryptocurrency's breaking an all-time high record after losing 64% of its value in 2022.
Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada.
The US Energy Information Administration (EIA) has made a decision to discard all data collected from its emergency Bitcoin mining survey, according to recent court filings. This action agreed upon with the Texas Blockchain Council, also applies to any subsequent…
Riot Platforms has acquired 31,500 Bitcoin mining machines, and CleanSpark has completed the acquisition of three new facilities.
A US court has temporarily suspended an Energy Information Administration (EIA) directive requiring Bitcoin miners to participate in a mandatory survey. The decision, made by Judge Alan Albright, prevents the EIA from enforcing the Texas Blockchain Council and its members…
A Texas crypto firm and industry group sued the SEC, disputing its authority over exchange-traded crypto, aiming to classify them as non-securities. In a legal maneuver against the U.S. Securities and Exchange Commission (SEC), a Texas-based crypto mining firm called…
Which are the best cryptos for mining with ASICs in 2024, and how much can miners expect to earn? The global crypto mining market, which reached nearly $2.93 billion in 2023, is projected to grow at a compound annual growth…
BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive…
There’s no need to ban crypto mines in the US; they can be easily regulated with local and state ordinances that secure property rights.
With Bitcoin edging towards $47,000, Marathon Digital shares surge despite a considerable decrease in mined BTC in January. On Friday, Marathon Digital Holdings Inc (MARA) shares surged by 23% to reach $21.58, echoing the upward trend seen across all U.S.…
A recent ruling by a British Columbia Supreme Court Justice, Michael Tammen, has affirmed the provincial power utility B.C. Hydro’s decision to implement a moratorium on new cryptocurrency mining projects. The latest decision came as a response to a challenge…