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Mining
How Does Bitcoin Mining Affect BTC Price?
What is Bitcoin mining? Bitcoin mining serves two main functions: securing transactions and introducing new Bitcoins into circulation. Miners use specialized hardware to solve complex cryptographic…
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Wall Street Bitcoin Giant MARA Flexes Mining Muscle with 14% Hashrate Surge
MARA Holdings (NASDAQ: MARA), the publicly listed Bitcoin miner from Wall Street, reported mining 717 BTC in October, marking its strongest monthly production since April's halving event. The crypto…
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HIVE Digital shares climb 11% on rise in Bitcoin holdings
Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value. Global Bitcoin (BTC) mining firm HIVE…
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‘There’s No Catch’: Bitcoin Mining Startup Promises Free Money to Renewable Energy…
Bitcoin mining firm Sangha Renewables aims to help renewable energy companies start their own bitcoin mines. Green power producers often struggle with stranded energy and are even sometimes forced to…
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Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized…
Jack Dorsey's payment firm Block (SQ) plans a renewed focus on building equipment for bitcoin (BTC) miners and its self-custody crypto wallet, funded partly by giving up on creating a new…
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Michael Novogratz’s Galaxy Looks to Turn Bitcoin Mining Into AI Computing as Revenue Falls
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers. The move comes as the Bitcoin…
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FERC blocks Amazon AI power deal, energy struggle with Bitcoin miners persists
The Federal Energy Regulatory Commission (FERC) stopped an Amazon AI data center from drawing more power from Talen Energy’s Susquehanna plant in Pennsylvania. The commission disapproved the proposed…
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Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2…
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Hut 8’s Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
Hut 8 Corp., a Cryptocurrency Mining company and major energy operator in North America, announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade. The…
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Average mining price for BTC now at $59,542, solo miners earn fewer rewards: Report
Bitmain’s cloud mining company BitFuFu revealed the state of Bitcoin mining in late 2024. After a record hashrate and difficulty, most miners now have to spend more than double the expenses to mine…
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