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Crypto Mining

‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’ – Mining Bitcoin News

On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing...
Crypto Mining

Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower – Mining Bitcoin News

Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show...
Crypto Mining

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate – Mining Bitcoin News

According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for...
Crypto Mining

Mining giant is forced to sell-out 79% of BTC to pay debt

One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The...
Crypto Mining

Crypto mining profitability varies wildly based on location

Cryptocurrency miners are considered one of the main drivers of the crypto industry but the latest market downturn has put the profitability of...
Crypto Mining

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Mining Bitcoin News

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat...
Crypto Mining

SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears

FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News...
Crypto Mining

Bitcoin miners are facing harsher conditions despite easier mining difficulty

Despite the decline in mining difficulty, Bitcoin (BTC) miners are facing harsher conditions in the market due to the rising costs of energy...
Crypto Mining

Mining Ban Sparks Negative Reactions From Iran’s Crypto Community – Mining Bitcoin News

The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company...
Crypto Mining

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital – Mining Bitcoin News

Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from...
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