Mining
Bitdeer has seen increased activity in recent days as the company takes strategic steps in the face of declining revenues and continues to implement its long-term plans. Singapore-based Nasdaq-listed Bitdeer acquired 100 bitcoins in two transactions this week. On February 25,…
Miner Extractive Value. This phrase represents one of the most significant fundamental risks that exist for blockchain systems. The original idea of blockchain was to have incentives for miners (or other consensus participants responsible for ordering transactions) to earn income based…
HIVE Digital is starting construction of a 100 MW hydroelectric power plant for Bitcoin mining in Paraguay to increase its mining capacity. The company expects the hashrate to increase by 6.5 EH/s, bringing the total capacity to 12.1 EH/s after the…
Bitcoin mining has become less difficult amid the recent decline in cryptocurrency markets, although industry experts believe the situation is unlikely to last. Network difficulty fell Sunday from more than $114 trillion to $110.5 trillion, according to data provider CoinWarz .…
Genesis Digital Assets Limited (GDA) is expanding its Bitcoin (BTC) mining operations in West Texas, increasing the capacity of its facilities in Pyote and Vernon by 50 megawatts (MW). GDA is a privately held organization with offices in the United Arab…
Shares of leading publicly traded Bitcoin (BTC) miners fell this week as the oldest cryptocurrency continued its slide, falling below the important $90,000 mark. Widening net losses and increased competition saw the worst-performing stocks lose nearly 30% in a single day.…
Shares of Singapore-based bitcoin miner Bitdeer fell on Tuesday after the company posted a $532 million loss for the fourth quarter amid efforts to develop its own mining chips. By Tuesday morning New York time, the company's shares had fallen 20%,…
Anyone who follows the public Bitcoin mining markets is aware that artificial intelligence (AI) and the move to high-performance computing (HPC) have become major trends among Bitcoin miners. What started as a slow trend last year has suddenly become a strategy…
Riot Platforms, a publicly traded Bitcoin (BTC) miner on Wall Street (NASDAQ: RIOT), reported record financial results for 2024, announcing $376.7 million in total revenue and $109.4 million in net income. These results were achieved despite significant challenges in the industry,…
Cryptocurrency mining company BitFuFu has acquired an Oklahoma data center for $20 million. The NASDAQ-listed company announced it had signed a definitive agreement, making it one of the key owners of an operating bitcoin mining facility, sources said. According to the…
Bitcoin mining is a complex business. When someone plans to use economic resources to mine traditional commodities such as gold, copper, or oil, prior exploration of these resources is always done to ensure that the investment in a mining project will…
After months of rapid expansion, Bitcoin’s hashrate growth slowed down in January, according to the latest report from TheMinerMag. The network’s difficulty saw its first decline since September, indicating that even though publicly listed companies have kept increasing their hash power,…