Bitcoin miner Argo Blockchain announced a CEO departure and interim leadership changes. Argo Blockchain, the British dual-listed Bitcoin (BTC) mining company, has revealed that CEO Thomas Chippas will step down from his role and board position, effective Feb. 28. CFO…
Bitcoin (BTC) mining is likely to remain profitable this year with the economics of production holding steady, Canaccord Genuity said in a research report Tuesday. The broker said mining fundamentals are strong, “with cost-to-mine sitting somewhere in the ~$26,000-$28,000 range…
The publicly listed Bitcoin (BTC) miner from Wall Street (NYSE: ARBK) and London (LSE: ARB) Argo Blockchain plc announced today (Tuesday) that Chief Executive Officer Thomas Chippas will step down from his position and board directorship, effective February 28, 2025.…
Bitcoin mining difficulty has soared to a new record high of 110.45 trillion. This marks a significant increase from the original network difficulty, making mining approximately 110.45 trillion times harder than when Bitcoin first launched. Difficulty adjusts every 2,016 blocks,…
As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. Miners have seen a marked…
Operators of the world’s largest bitcoin (BTC) mining pools are quietly discussing a problem with BTC payouts. Despite mining BTC, securing BTC, and earning 100% of their revenue in BTC, pool operators are occasionally finding the currency itself to be…
Publicly traded U.S. crypto mining companies doubled their bitcoin (BTC) holdings last year, taking the total to 92,473 valued at $8.6 billion as of end-December while the price of the largest cryptocurrency rose 120%, according to data from TheMiningMag. The…
Bitmain-backed crypto mining firm BitFuFu has announced plans to expand into North America with the acquisition of a 51-MW Bitcoin mining facility in Oklahoma. Bitcoin (BTC) mining firm BitFuFu has announced plans to buy a majority stake in a mining…
Bitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world’s largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report…
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for those dealing in cryptocurrency mining. As per the clarification, individuals who are crypto mining for themselves will not incur a…