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Mining
Bitcoin miner Core Scientific to resume trading on Nasdaq after reorganization
Texas-based bitcoin mining firm Core Scientific has announced its return to Nasdaq, resuming trading on Wednesday, as a result of reorganization efforts following its 2022 bankruptcy filing. The…
Iris Energy Boosts Bitcoin Mining Capacity to 6 EH/s, Eyes 20 EH/s Milestone by H2 2024
According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining operation has increased its operating capacity to 6 exahash per second (EH/s) and expects an additional 4…
BitRiver – Bitcoin Mining More Profitable in Russia Than US
The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy. Per…
Here Are Top 10 Countries With a Green Energy Mix for BTC Mining
Recently, X user known as Seth, a pro-Bitcoin portfolio manager, called attention to the growing eco-friendly mining landscape of Bitcoin, with more miners shifting towards renewable energy sources…
US Senator Champions Bitcoin Mining Amid Industry Surge
Senator Saddam Azlan Salim of the United States has advocated for a series of regulations that support cryptocurrency mining. He recommends refraining from imposing laws against the produced asset,…
Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid…
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at…
Hut 8 Responds to Short Seller Report Accusing Bitcoin Miner of Malpractice
Bitcoin miner Hut 8 has expressed confidence in its latest partnership with USBTC following a controversial report released by JCapital Research warning investors of possible risks. In a brief…
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023,…
Hut 8 responds to report criticizing USBTC merger and other activities
The Bitcoin and digital asset mining firm Hut 8 responded to a recent critical report in a statement on Jan. 19. The mining company wrote: “Hut 8 Corp is aware of a short report … by J Capital…