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Mining
Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings
This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development…
Capitulation incoming? Bitcoin miners’ revenue drops to a 6-month low
Bitcoin’s (BTC) price shambled post-halving, with consecutive losses and the first “red month” in April, after a 7-month green streak. In this context, the Bitcoin miners’ revenue in USD dropped to a…
Arkansas House Committee Clears Bills on Crypto Mining Regulations
Crypto mining regulations are just one step away from being implemented in the state of Arkansas. According to local media reports, on Tuesday in the state capitol, two proposals intended to tighten…
Riot Platforms’ Q1 earnings ‘further solidify our growth path’
Riot Platforms Inc is in the green at writing after reporting a surprise profit for its first financial quarter. Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had…
Outcast Chinese Bitcoin Miners Migrate to Africa to Capitalize on Cheap Electricity
Chinese Bitcoin miners, ousted from their homeland, are now setting their sights on Africa, notably Ethiopia. This migration is driven by the lure of cheap electricity. The Grand Ethiopian Renaissance…
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a…
Hut 8 switches CEOs as it eyes ‘new strategic direction’ after merger
Just two months after the merger between Hut 8 and US Bitcoin Corp, the combined bitcoin miner has named a new CEO. Former Hut 8 president Asher Genoot — a member of the company’s board of directors…
EIA Mining Survey Looms Large Over Bitcoin Mining Industry
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market…
Bitcoin miners slam US government planned survey as ‘Operation Chokepoint 3.0’
The U.S. authorities’ planned survey of Bitcoin miners’ electricity usage has drawn steep criticism from the mining community, describing it as the genesis of “Operation Chokepoint 3.0.” Miners…