Tagged: crypto mining

January 7, 2021 @ 10:43 pm By Omar Faridi  |  

Shares of digital currency mining firm Marathon Patent Group (NASDAQ: MARA) surged approximately 20% on Wednesday (January 6, 2021). This led to the firm becoming the latest member of the $1 billion digital-mining group, as the Bitcoin (BTC) price surpassed the $37,000 mark to hit… Read More

January 7, 2021 @ 10:19 pm By Samantha Hurst  |  

  Bitfarms, a Canada-based crypto mining firm, announced on Thursday it has closed its previously announced private placement of equity securities. According to Bitfarms, the Offering was for gross proceeds of approximately CAD$20 million and consisted of the sale of 8,888,889 common shares, along with… Read More

December 31, 2020 @ 10:51 am By Omar Faridi  |  

As Bitcoin (BTC) continues to set new highs, it became clear to many people that the digital asset could serve as a hedge against the traditional financial system. This year, many well-known investors, including Stanley Druckenmiller (a hedge fund manager with a net worth of… Read More

December 21, 2020 @ 8:10 am By Omar Faridi  |  

Bitcoin (BTC), the leading cryptocurrency, has entered uncharted territory. The digital asset recently managed to break record highs by surpassing the $24,000 mark. Bitcoin is trading at just below $24,000 at the time of writing. John Lee Quigley, who’s focused on building Bitcoin media and… Read More

December 20, 2020 @ 8:31 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset management firm, has argued that “as evidenced by the recent corruption of all US systems, from the government to corporate, securing networks is very difficult to do persistently.” 1/ as evidenced by the recent… Read More

December 14, 2020 @ 11:46 pm By Omar Faridi  |  

The Bitcoin (BTC) mining machine market is heating up, according to the team at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of… Read More

November 30, 2020 @ 10:26 am By Omar Faridi  |  

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has published a report titled, The State of Bitcoin Mining… Read More

November 22, 2020 @ 2:55 pm By Omar Faridi  |  

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

November 11, 2020 @ 7:31 am By Omar Faridi  |  

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, notes that Bitcoin (BTC) has been trading past the $15,000 mark and appears to be holding its own during the COVID-19 pandemic. Quigley writes in a blog post that it’s… Read More

October 18, 2020 @ 5:45 pm By Omar Faridi  |  

Bitmain, a leading manufacturer of cryptocurrency mining hardware, has sold 5,100 Antminers to Riot Blockchain (NASDAQ: RIOT). Bitmain had also finalized the sale of 8,000 additional Antminers (in September 2020) to Riot Blockchain, which is a Nasdaq-listed digital currency mining company. According to a release,… Read More

October 13, 2020 @ 3:21 pm By Omar Faridi  |  

HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has introduced Compass – which is a platform that will match Bitcoin (BTC)… Read More

August 23, 2020 @ 2:44 pm By JD Alois  |  

Taviner, the power generation and transmission company of Iran, has shut down 1100 crypto mining farms that apparently were not licensed to do business in the country. In the summer of 2019, it was reported that the Iranian government had legalized crypto mining companies for… Read More

August 12, 2020 @ 10:04 pm By Omar Faridi  |  

Jameson Lopp, the CTO at Casa, a Bitcoin focused security company, notes that since the industrialization of BTC mining began in 2015, there have been concerns regarding the concentration of hashpower within Chinese borders. Hashpower is the computing power needed to secure the Bitcoin network,… Read More

June 28, 2020 @ 12:31 pm By Omar Faridi  |  

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

June 27, 2020 @ 11:22 am By Omar Faridi  |  

Chinese firm Ebang, a leading developer of cryptocurrency mining hardware, confirmed on June 26, 2020, that it had been listed on the Nasdaq Global Market (under the EBON ticker). Notably, Ebang is only the second Bitcoin mining equipment manufacturer to go public on a US… Read More

June 3, 2020 @ 11:57 pm By Omar Faridi  |  

The management at RRMine, a global distributed Bitcoin hashrate asset management platform that maintains offices in Hong Kong, notes that blockchain or distributed ledger technology is moving past the early days of digital currency and smart contracts, and is now increasingly focused on the development… Read More

May 28, 2020 @ 10:11 pm By Omar Faridi  |  

Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can perform “blockchain operations.” According to industry experts, these graphic cards would most likely be used for mining decentralized cryptocurrencies like Bitcoin (BTC)…. Read More

May 16, 2020 @ 4:46 pm By Omar Faridi  |  

Digital assets derivatives exchange FTX has introduced Bitcoin (BTC) hashrate futures. These financial products are being offered, so that BTC miners can hedge against the leading cryptocurrency’s continuous mining difficulty adjustments. The Bitcoin hashrate is the amount of computing power securing the BTC blockchain network… Read More

May 10, 2020 @ 2:35 pm By Omar Faridi  |  

  US-headquartered cryptocurrency mining firm, Riot Blockchain (NASDAQ: RIOT), recently revealed that it has more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should roughly double its hashrate (amount of computing power) at around the time of the BTC halving…. Read More

May 9, 2020 @ 4:15 pm By Omar Faridi  |  

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More