Tagged: crypto mining

Shares of Bitcoin Mining Firm Marathon Patent Group Surged 20% on Wednesday, Company Joins Billion-Dollar Crypto Mining Group

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

Canadian Crypto Mining Firm Bitfarms Closes CAD$20 Million Private Placement With U.S. Institutional Investors

  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

Bitcoin Analyst Argues that BTC Mining Is Not Wasteful, but Rather an Efficient Process to Secure a Highly Valuable Network

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

Bitcoin Reaches $24,000 as Institutional Adoption Continues, Raoul Pal Predicts $1 Million Per Coin in 5 Years

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

Meltem Demirors, CSO at CoinShares, Explains how Mining Secures the Bitcoin Network, which Secures Financial Information

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

Bitcoin (BTC) Mining Hardware Market Is Heating Up and Secondary Market Prices for Machines May Rise: Report

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

Russia’s Bitcoin Mining Facilities are Mostly in Siberia, Energy Surplus Allows BTC Miners to Secure Competitive Electricity Rates: Report

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

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

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

Significant Bitcoin Hashrate Came Offline, Resulting in Major BTC Mining Difficulty Drop

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

Bitcoin Mining Hardware Maker Bitmain Closes another Antminer Deal with Riot Blockchain, 20,000+ Miners Sold by Bitmain to Riot in a Year

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

Crypto Mining Firm HASHR8 Introduces Compass, which Matches Bitcoin (BTC) Miners with Affordable, Verifiable Hosting Facilities

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

Iran: Power Generation Company Shutters 1100 Crypto Mining Operations

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

Jameson Lopp from Casa discusses Whether Chinese Miners are Still a Perceived Threat to Bitcoin (BTC)

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

US based Core Scientific, a Blockchain Hosting Provider, to Acquire 17,595 Antminer S19 Bitcoin Mining Machines from Bitmain

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

Crypto Mining Firm Ebang Is Now Listed on Nasdaq Global Market, Only Second Mining Company Listed on a US Stock Exchange

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

RRMine, a Global Bitcoin Hashrate Asset Management Platform, Discusses Policy Changes in China’s Evolving Crypto Mining Sector

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

Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”

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

Digital Assets Derivatives Exchange FTX Introduces Bitcoin (BTC) Hashrate Futures Contracts

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

Riot Blockchain, a US-based Cryptocurrency Mining Firm, Plans to Almost Double its Hashrate Following Bitcoin (BTC) Halving

  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

Deep Dive: Is the Upcoming Bitcoin (BTC) Halving Priced In?

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

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