Tagged: mining

April 15, 2025 @ 8:17 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital assets industry, announced its intention to deploy both existing and future hashrate on OCEAN, a Bitcoin mining pool focused on decentralization and launched by long-time Bitcoin Core developer Luke Dashjr. This strategic move strengthens… Read More

March 20, 2025 @ 2:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a statement on Proof of Work (PoW), a characteristic of some digital assets – most prominently Bitcoin. Proof of Work is a way to validate and mint new crypto. At one time, Ethereum was PoW, but it… Read More

March 3, 2025 @ 8:57 pm By Omar Faridi  |  

The Bitcoin (BTC) mining industry in 2024 has navigated an increasingly complex landscape of opportunities and obstacles, as indicated in recent financial reports from key players like MARA Holdings, Riot Platforms, CleanSpark, and IREN, alongside operational updates from Compass Mining. With Bitcoin prices hovering near… Read More

February 3, 2025 @ 9:15 pm By Omar Faridi  |  

Bitfarms Ltd. (NASDAQ: BITF), a Bitcoin and vertically integrated data center company, announced it has engaged two consultants in HPC strategy and artificial intelligence (AI), Appleby Strategy Group (ASG) and World Wide Technology (WWT), to conduct a feasibility analysis on all its North American sites… Read More

January 27, 2025 @ 5:53 pm By Omar Faridi  |  

Russia’s largest power grid operator, Rosseti, is venturing into Bitcoin (BTC) and crypto mining by leveraging its underutilized power centers. The state-owned energy provider aims to become a key coordinator for mining infrastructure deployment across the country, as reported by TASS. Rosseti sees crypto mining… Read More

January 22, 2025 @ 9:10 pm By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engaged expert consultants in order to assess AI/HPC opportunities and plans to “accelerate engagement… Read More

January 21, 2025 @ 8:13 am By Michael Wong  |  

Singapore-based Bitcoin mining firm BitFuFu Inc. has announced plans to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in Oklahoma. The company has signed a letter of intent for the transaction, which is expected to close in the first half of 2025,… Read More

December 28, 2024 @ 9:36 am By Omar Faridi  |  

Compass Mining shared its Bitcoin Mining Industry Report for the past month along with key operational updates. Bitcoin, the flagship cryptocurrency, surpassed $100,000 for the first time on Thursday 5 December, 2024, marking a significant milestone in the realm of digital assets and “even recognized… Read More

December 15, 2024 @ 9:30 am By Michael Wong  |  

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

December 4, 2024 @ 4:27 pm By Omar Faridi  |  

MARA (NASDAQ: MARA), a global firm focused on bitcoin mining and leveraging digital asset compute to support the energy transformation, announced entering into a definitive agreement to acquire a wind farm that’s reportedly based in Hansford County, Texas, with 240 MW of interconnection capacity and… Read More

December 1, 2024 @ 9:16 pm By Omar Faridi  |  

Earlier this week, Russia reportedly approved a cryptocurrency-focused tax law which recognizes Bitcoin (BTC) and crypto-assets as property (somewhat similar to what Chinese courts has determined several years back). The legislation, which was reportedly approved on November 27, 2024, formally acknowledges Bitcoin / other virtual… Read More

October 16, 2024 @ 5:41 pm By Omar Faridi  |  

MARA (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced that it has secured a $200 million line of credit, “collateralized” by a portion of its bitcoin holdings. MARA explained in an update that it may potentially… Read More

September 9, 2024 @ 9:55 pm By Omar Faridi  |  

Konrad Fitzpatrick, a mining analyst at Compass Mining, notes that hash price is a critical metric that bitcoin miners use to measure their current and potential revenue. Compass Mining explains in a blog post that hash price is the “amount of bitcoin a miner can… Read More

September 6, 2024 @ 10:14 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), which claims to be one of the world’s largest publicly traded bitcoin (BTC) miners and a leader in supporting and securing the Bitcoin ecosystem, recently released unaudited BTC production and miner installation updates for August 2024. Fred Thiel, MARA’s chairman… Read More

August 16, 2024 @ 7:53 am By Omar Faridi  |  

Compass Mining has shared the latest updates in a Bitcoin Mining Industry Report for the month of July 2024, focused on key operational developments. As noted in a blog post by Compass Mining, the Bitcoin price closed the month of July “at $64,619 increasing by… Read More

July 7, 2024 @ 3:49 pm By Omar Faridi  |  

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More

June 27, 2024 @ 8:50 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), a global firm leveraging digital asset compute to support the energy transformation, announced that the company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, “to further diversify its portfolio of digital asset compute.” Kaspa is currently the fifth largest… Read More

June 9, 2024 @ 12:08 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, has released unaudited bitcoin (BTC) production and miner installation updates for May 2024. Fred Thiel, Marathon‘s chairman and CEO said: “The strength of our MARA… Read More

May 15, 2024 @ 8:04 am By Omar Faridi  |  

On May 13, 2024, President Biden issued an order prohibiting the purchase and requiring the divestment of certain real estate operating as a cryptocurrency mining facility located within one mile of Francis E. Warren Air Force Base (F.E. Warren AFB). The order also requires the… Read More

May 6, 2024 @ 9:57 am By Omar Faridi  |  

The Bitcoin (BTC) ecosystem recently observed a monumental event in its 15-year history with the eagerly anticipated fourth halving, signaling “a significant shift in the blockchain landscape,” the Compass Mining team noted in their latest analysis. Halvings, occurring roughly every four years, “drastically reduce the… Read More