Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’
Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer...
Mining
Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this...
Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million
Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth...
Potential Reprieve for Bitcoin Miners With Upcoming Difficulty Adjustment Following Record Hike
Bitcoin miners are set for a potential reprieve in three days, with the difficulty anticipated to decrease on Feb. 29....
Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report
In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its...
Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation
Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the...
Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days
Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until...
Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing
This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational...
Bitcoin’s Latest Difficulty Retarget Jumps 8.24%: Miners Navigate the Toughest Mining Landscape Yet
Bitcoin’s mining difficulty has hit an unprecedented peak, marking the most significant jump of 2024. On Thursday, at the milestone...
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has...
Bitcoin Braces for Record Difficulty Surge Ahead of Retarget as Miners Push Network to New Heights
Scheduled for Feb. 15, 2024, the upcoming Bitcoin difficulty retarget is poised to mark a notable upswing in the network....
Ethiopia’s Affordable Hydropower and Adoption of Crypto Mining Attracts Chinese Bitcoin Miners
The Ethiopian state electricity company has reportedly signed power supply agreements with 21 mainly Chinese bitcoin miners. The African country’s...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector – Mining Bitcoin News
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in...
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases – Mining Bitcoin News
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge....
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining – Mining Bitcoin News
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured...
Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change – Mining Bitcoin News
While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching...
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s – Mining Bitcoin News
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin...
Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases – Mining Bitcoin News
Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days,...
Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus – Mining Bitcoin News
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility....
Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 – Mining Bitcoin News
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April...
Police in Kosovo Seize Crypto Mining Rigs From Serbs – Mining Bitcoin News
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of...
China Fines Bitmain $3.6 Million for Tax Violations, Report – Mining Bitcoin News
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid...
