Mining News

Bitcoin Miner IREN’s Stock Price Surges Ahead of Halving

British Columbia-based Bitcoin mining agency IREN's inventory value is surging Monday forward of the Bitcoin halving, and after the corporate stated that it has totally funded its 2024 growth plans that may greater than double its pc fleet’s energy...

Bitfarms mines less BTC in March despite expanding its mining Fleet

Bitfarms mined 286 BTC in March, down from 300 in February. Bitfarms’ fleet improve goals for 21 EH/s and 21w/TH effectivity. Bitfarms offered 284 BTC rising treasury holdings to 806 BTC. Bitfarms Ltd. (BITF), a distinguished international Bitcoin mining firm, skilled a...

Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented stage of income not seen within the earlier 12 months, hitting a excessive of $2.01 billion from rewards and switch charges. Of this whole, $85.81 million was earned from transaction charges over...

Bitcoin miner Hut 8 doubles down on diversification, discipline around halving

Hut 8 appears to be like to deploy its massive stack of bitcoin holdings with “self-discipline” heading into the bitcoin halving whereas additional diversifying its income streams, the corporate’s chief government stated. The corporate, which accomplished a merger of equals...

Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55%

Though Bitcoin (BTC) has already gained practically 70% in 2024, shares of Argo Blockchain, a cryptocurrency mining firm publicly listed in London and the USA, are scraping the underside, falling by 55%. The corporate's answer to a few of its...

Bitcoin mining difficulty drops following historical maximum

On account of the following recalculation, the problem of Bitcoin mining decreased by 0.97%, with an indicator of 83.13 T. The typical hashrate for the interval for the reason that earlier worth change was 599.71 EH/s. The vary between blocks...

The bitcoin halving is just weeks away — here’s how miners have prepared

Mining corporations are bracing themselves for the bitcoin halving — a time anticipated to weed out the section’s much less environment friendly operators, and people with hassle accessing capital. Per-block mining rewards are set to drop from 6.25 bitcoin (BTC)...

Hut 8 reports 32% revenue increase amid Bitcoin rally

Cryptocurrency miner Hut 8 Corp has printed a report on its outcomes over the previous six months. Based on the corporate’s press launch, Hut 8 elevated income to $60.6 million for the six months ending Dec. 31, 2023. Monetary reporting...

Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist

Russian ministries might be ready to “legalize” industrial crypto mining within the nation. However one key division may but throw a spanner within the works. After years of dismay and repeated pleas for Moscow to formally acknowledge mining as a...

Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms

Crypto miner Bitdeer is in discussions with personal credit score companies to safe $100m in financing to increase its Bitcoin mining capability. Bloomberg reported Wednesday that talks are nonetheless ongoing, with particulars but to be finalized. Bitdeer is among the many...

Latest News

Mike Tyson joins boxing blockchain project

Boxing legend Mike Tyson has partnered with the blockchain venture for boxers Prepared To Battle. In accordance with a press...