Mining
Canaan has decided to close two of its mining locations – in Kazakhstan and an underperforming hosting site in South Texas – as part of an effort to streamline its operations. This article from Theminermag, a specialized publication for the cryptocurrency…
On Thursday, as Bitcoin rebounded from recent lows, the network's computing power reached a record high of 970 exahashes per second (EH/s). From Exahash to Zettahash: Bitcoin Approaches 1000 EH/s Bitcoin's hashrate surpassed its previous high of 946 EH/s, setting a…
The global cryptocurrency scene is constantly filled with news about market fluctuations and technological breakthroughs. However, every now and then, the financial achievements of various companies take center stage, demonstrating clear success. Recently, Hut 8 , a significant player in the…
New tariffs imposed by US President Donald Trump are shaking up the country's Bitcoin mining industry. Ethan Vera, COO of US-based mining services company Luxor Technology, expressed concerns that increased tariffs imposed by the White House on ASIC devices imported from…
Many people view Bitcoin as just another asset: buy it, put it in cold storage, and wait. Simple, right? This is what Bitcoin looks like from a white-collar perspective: clean, polished, and abstract. Perfect for quarterly reports and portfolio charts. But…
For those who closely follow the rapidly changing world of digital assets, fresh news from CleanSpark provides compelling evidence of the rapid growth of the Bitcoin mining sector CleanSpark . The Nasdaq-listed company just posted impressive results for July, significantly increasing…
Three months after divesting its auto finance unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly increased its cryptocurrency mining output, indicating that its acquisition of Bitmain mining rigs is helping it expand its capacity amid growing competition…
BitFuFu, a well-known cryptocurrency company, recently grabbed the public’s attention with an impressive announcement. The organization, which plays a significant role in Bitcoin (BTC) mining and related services, has announced impressive results for July. The update highlights its steady growth and…
Core Scientific shareholders are reportedly opposing CoreWeave's proposed terms for its acquisition of the company, arguing that the $9 billion deal is undervalued and would harm their interests. Several shareholders plan to vote against the deal unless the terms are revised,…
MARA Holdings , a leading organization in the Bitcoin mining space, recently made a significant announcement that caught the attention of the entire cryptocurrency community. In July, the company successfully mined an impressive 703 BTC, increasing its Bitcoin holdings to a…
A group of French parliamentarians is drafting a bill that would allow excess electricity from nuclear power plants to be used for bitcoin mining. BTC $114,486.36 , according to the latest official data. According to Le Monde, the initiative involves installing…
Ethiopia's state-owned utility company has made $55 million mining Bitcoin, using excess hydropower and reinvesting the proceeds into accelerating rural electrification projects. Ethiopian Electric Power has made $55 million in 10 months, or 18% of its annual revenue, by redirecting excess…