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Mining
Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in…
Bitcoin Mining And ERCOT – The Data Tells The Story
Several headlines recently described a 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Most attributed this drop to curtailment activity in Texas. While Texas does…
Shareholder Sues Crypto Mining Firm Over Unrealistic Pre-IPO Claims
A shareholder sued crypto mining firm Stronghold’s senior officials, claiming that they made impractical pre-IPO pledges. Glenn Bruno’s Friday complaint targets Stronghold’s officers and directors…
British Columbia Court Backs Ban on Crypto Mining in Canadian Province
British Columbia’s provincial power utility, B.C Hydro’s, moratorium on crypto mining projects was ruled as reasonable by a provincial supreme court judge, according to a ruling posted on Monday. The…
US government targets crypto mining energy use in new data initiative
The U.S. government has announced a new initiative to keep tabs on the energy consumption of cryptocurrency mining operations. The Energy Information Administration (EIA) will soon embark on a…
Miners’ bitcoin production dipped in January amid energy curtailment
The largest public bitcoin miners produced less bitcoin in January than they did the month previous, as winter storms spurred the segment’s firms to curtail energy usage. Marathon Digital’s bitcoin…
Only These Two Crypto Mining Companies May Survive the Bitcoin Halving
As the Bitcoin network braces for its fourth halving event, anticipated around April 2024, the crypto mining sector faces a seismic shift that could lead to significant consolidation. Analysts claim…
Bitcoin Winter Hits Argo: Sluggish Crypto Start in 2024
The drop in the price of Bitcoin at the beginning of the year led to a publicly listed miner, Argo Blockchain (NASDAQ: ARBK), reporting a reduction in cryptocurrency mining. Specifically, the company…
Issues With Bitcoin Mining Beyond Excessive Power Usage: Analysis
Bitcoin mining has always been under scrutiny for its high power consumption. However, a recent New York Times report highlighted how the only issue with Bitcoin mining is not its high electricity…
China’s Beijing Government Makes an Announcement on Cryptocurrency Mining Ban
In a move to further regulate the digital currency industry, Chinese officials from the city of Beijing announced that strict measures will be taken to monitor and analyze cryptocurrency mining…