Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of...
Mining
Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31...
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9...
Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining...
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the...
Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base.On July 25, she opined that...
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average...
Marathon Digital’s CEO hints at potential Bitcoin buys through convertible notes
Bitcoin miner Marathon Digital CEO Fred Thiel suggested that the firm could raise capital through convertible bonds to purchase more...
Auradine Ships 3nm Teraflux Bitcoin Mining Platform
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer...
Lummis slams Biden’s ‘disastrous proposal’ to tax Bitcoin miners in ‘orange paper’
Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme”...
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According...
Miners reduce holdings amid rising prices
Miners represent the foundation of the Bitcoin market. Their behavior is one of the best indicators of market health and...
Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June
Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of...
Putin warns of power shortages from Bitcoin mining, calls for expansion of CBDC
Russian President Vladimir Putin warned that crypto mining could lead to significant power shortages in some regions of the country...
Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214...
Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023
Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in...
Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now,...
Bitfarms schedules shareholder vote for October amid Riot’s intensified acquisition efforts
Bitcoin miner Bitfarms will hold a shareholder vote in October regarding Riot Platform’s takeover bid, according to a July 12...
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government...
Bitfarms appoints new CEO as Riot intensifies takeover bid
Bitcoin miner Riot Platforms’ effort to take over rival Bitfarms has taken a new turn with recent developments in both...
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin...
Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside...
