Canaan Inc. reported revenue of $269.3 million for 2024, with bitcoin mining revenue up 312% year-over-year to $44 million. The company also expanded its North American mining operations, signing new contracts in Pennsylvania and Texas that will add 4.7 EH/s…
While the costs of Bitcoin mining can be significant, the return on investment (ROI) is even more attractive for larger companies with powerful mining rigs. Therefore, an individual crypto investor should understand the mechanics of mining before diving into the…
Bitcoin’s hashrate has been steadily increasing; over the past five days, the network has added 40 exahashes per second (EH/s), reaching 836 EH/s, which puts it close to the protocol’s all-time high. Additionally, as the price of Bitcoin has risen,…
A new Coin Metrics network health report shows that Bitcoin miners are on the brink between stabilized revenues and continued fee pressure following the halving, which requires upgrading hardware and using renewable energy sources amid geopolitical risks in supply chains.…
NYDIG has announced its intention to acquire Crusoe’s Bitcoin mining business, including its Digital Flare Mitigation (DFM) division. The deal is subject to regulatory approvals, customary clearances, and final closing. Upon completion of the transaction, approximately 135 Crusoe employees will…
Highlights of History Pakistan plans to use excess electricity for Bitcoin mining to minimize energy waste. Unlike other nations, Pakistan is looking to channel its excess electricity into cryptocurrency mining. Pakistan may develop a legal framework to legally support Bitcoin…
Rumors of a secret Bitcoin (BTC) mining operation within the US Department of Defense began circulating on social media today. The speculation comes after a statement from an employee of BTC ATM company Byte Federal, and has been supported by…
Cryptocurrency miners now have the opportunity to use Bitcoin-backed loans thanks to M2’s partnership with NiceHash. Abu Dhabi-based cryptocurrency exchange M2 has partnered with cryptocurrency mining service provider NiceHash to offer flexible lending solutions for miners. According to a press…
HIVE Digital Technologies (NASDAQ: HIVE) has completed a deal to purchase Bitfarms Ltd.’s 200-megawatt Yguazú hydroelectric power plant in Paraguay. The move will increase the company’s mining capacity by 317%, from 6 exahashes per second (EH/s) to an expected 25…
Stablecoin giant Tether has increased its stake in Bitcoin mining company Bitdeer (BTDR), according to a new filing with the US SEC. The document states that Tether and its subsidiaries now own a total of 31,891,689 Class A common shares…