Smoke from Nicaraguan cigars filled the room as a major Bitcoin miner from the Deep South described how the industry was growing rapidly. “You have no idea,” he said at this year’s Mining Disrupt pre-evening event in Fort Lauderdale, Florida,…
Cango Inc. has pivoted from car trading to Bitcoin mining and now plans to reach 50 EH/s by early 2025. With its growing BTC reserves, Tencent as an institutional investor, and ties to Bitmain, could it be the next surprise…
Bitcoin’s computing power reached a record high of 862 exahashes per second (EH/s) on Friday, surpassing its previous high of 852 EH/s set in early February. On March 28, the overall network speed increased to 862 EH/s, exceeding the previous…
Bitcoin (BTC) proponents often claim that it is the most decentralized cryptocurrency, but the reality may be different. Onchain data shows that just two Bitcoin mining pools have mined more than 51% of all BTC over the past three years.…
A solo miner who mined block 888,737 Bitcoin last week and received a reward of $266,000 in Bitcoin has shared his story with Bitcoin mining hardware developer FutureBit, whose Apollo devices helped him achieve this significant feat. The anonymous miner,…
HC Wainwright & Co. analyst Mike Colonnes included Bitfarms shares in his list of favorite bitcoin mining stocks for 2025, highlighting significant operational improvements and a shift toward high-performance computing and artificial intelligence infrastructure. In a research note following Bitfarms’…
With Bitcoin mining becoming increasingly competitive and complex, industry leaders are looking to take advantage of AI data centers, but doing so poses a daunting challenge. At the Mining Disrupt conference in Fort Lauderdale, Florida this week, leading mining companies…
At first there were only CPUs, then came GPUs for Bitcoin mining. In 2013, a powerful ASIC entered the market, and with it came the shoebox form factor, which became the symbol of Bitcoin mining. So what lies ahead? Will…
Canaan Inc. said Wednesday that its subsidiaries have signed contracts to expand their mining operations at sites in Pennsylvania and Texas, adding approximately 4.7 exahashes per second (EH/s) to its computing power. Canaan (Nasdaq: CAN) has entered into a three-year…
What happens when a rural community in Africa produces more electricity than it can consume? Can Bitcoin miners turn excess hydropower into a source of financial support for local economic revival? Table of contents In the remote Ikelenge region of…