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Mining
The Subtle Way AI Data Centers Boost Bitcoin Mining Economics
The rapid proliferation of AI data centers may have a positive impact on the bitcoin mining industry. AI data centers are just as hungry for cheap energy as miners are, so they reduce the number of…
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Canaan rises 4% after securing Bitcoin mining partnership with Luna Squares Texas
Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint. Bitcoin (BTC) mining Canaan has entered into a joint mining…
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This Bitcoin Miner from Wall Street Bleeds Red Ink in Brutal Quarter
The publicly listed Bitcoin (BTC) miner from Wall Street and London’s City, Argo Blockchain (NASDAQ: ARBK, LSE: ARB) reported a net loss of $6.3 million in the third quarter as the cryptocurrency…
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10 Best Bitcoin Miners (Crypto Mining Rigs) in 2024
Bitcoin remains a dominant force in the cryptocurrency industry, accounting for roughly 50% of the entire market of all digital assets combined. It relies on a decentralized network of miners to…
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Russia to ban crypto mining across invaded Ukraine regions
Russian authorities have announced plans to ban crypto mining across occupied territories of Ukraine as the war between the two nations ticked over into its thousandth day. Russia’s Deputy Prime…
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Binance Pool launches fractal BTC mining starting Nov. 18
Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement,…
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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs
Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s…
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Bit Digital’s Q3 revenue jumps 96% amid HPC strength
Bit Digital posted nearly $23 million in Q3 revenue, a 96% increase year-over-year, driven by strong growth in its high-performance computing business. Bitcoin (BTC) mining firm Bit Digital said in a…
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Bitcoin mining profits in Russia to face new 15% tax rules, officials say
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation,…
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Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high
Chinese electric vehicle manufacturer Kaixin is looking for a strategic shift with plans to acquire a controlling stake in a Middle Eastern cryptocurrency mining operation. The announcement depicts a…
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