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Mining
Bitcoin Miner Reserves Nosedive: Will a Sell-Off Shake BTC Price?
Bitcoin Miner Reserves are gradually being depleted and according to a recent X post, there has been more plunge in the past 48 hours. Bitcoin Miners Reserve Plunge by $600M According to data from…
The U.S. Government Seems to Be Closing in on Bitcoin Mining
The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm? More specifically, the Energy Information Administration (EIA), a statistics agency under…
Marathon Digital pays Hut 8 $13.5m to run two Bitcoin mining sites
Marathon Digital has finalized a deal with Hut 8 to take over the operational control of Bitcoin mining sites by paying a termination fee of $13.5 million. Marathon’s control of the mining sites in…
Bitcoin’s Mining Difficulty Skyrockets by 7.33%, Setting New Record for 2024
On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in…
Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital
Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced…
Bitcoin mining causing health, noise crises in small Texas town
Residents of Granbury, Texas, are facing unprecedented disturbances, health issues, and environmental crises due to a local Bitcoin mining operation, as reported by TIME. The continuous sound from…
Bitcoin’s Hashrate Hits 7-Day Record High, Surging to 566 EH/s Amid Anticipation of Upcoming…
Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight…
US Energy Department to conduct ’emergency’ review of crypto miners
The recent price surge of Bitcoin over the past year has prompted the US Department of Energy Department to conduct an emergency survey of crypto miners. The US Energy Information Administration…
Company formed from Celsius bankruptcy estate launches bitcoin mining operation
Ionic Digital, a bitcoin mining company spun up as a part of Celsius’ bankruptcy plan, is now operational. Celsius emerged from bankruptcy Wednesday, distributing $3 billion in cryptoassets to…