National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners....
Mining
Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term...
Kaspa and Alephium Mining Gain Traction as Bitcoin’s Hashprice Remains Low
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine....
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing...
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month,...
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant...
Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield
Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of...
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an...
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked...
Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate...
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in...
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift...
From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today
During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per...
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of...
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them...
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has...
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of...
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of...
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second...
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW)...
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research...
