China still controls 55% of Bitcoin hashrate despite crypto ban

China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.

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Rhodium Approved for $30M or 500 BTC Loan Amid Bankruptcy

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BitFuFu Scales Up Operations Despite Escalating Bitcoin (BTC) Mining Costs

Singapore-based BitFuFu intensifies Bitcoin (BTC) mining efforts despite rising operational costs, reflecting bullish industry outlook. (Read More)

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Bitfarms (BITF) Reports July 2024 Bitcoin Production and Operational Milestones

Bitfarms earned 253 BTC in July 2024, increased HODL to 1,016 BTC, and expanded operational hashrate to 11.1 EH/s, according to GlobeNewswire. (Read More)

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Canaan Inc. Secures Major Order for Avalon Miner A1566 from Cipher Mining

Canaan Inc. announces significant purchase order from Cipher Mining for Avalon Miner A1566 units. (Read More)

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Bitcoin miner Core Scientific strikes $3.5B AI partnership

Core Scientific expects that its AI collaboration with CoreWeave will generate $3.5 billion over 12 years from renting out 18% from its infrastructure.

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Bitcoin Market Poised For Rebound As Miners Reduce Selling Pressure: Report

CryptoQuant, the famous analytical platform, has recently shared some positive signals about Bitcoin, indicating that miners selling pressure is decreasing drastically. In the recent X post, CryptoQuant explained the shifts in the Bitcoin market, with the focus on the miners actions. Long-term speculators, such as miners have been the main participants in the current bear […]

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Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn

Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against the U.S. dollar. Several other leading mining corporations [...]

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Digihost Secures Hosting Deal for 4,640 S19 XPs With Leading Bitcoin Miner Manufacturer

Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a leading global provider of digital currency mining equipment. Digihost Expands Mining Fleet Under Newly Inked Multi-Year Hosting Deal Digihost (Nasdaq: DGHI; TSXV: DGHI) said the [...]

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Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead

On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]

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Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows

Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty, already at an unprecedented level of 49.55 trillion, seems poised to breach the 50 trillion threshold within [...]

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Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate

On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of [...]

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Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus

Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining;

The post Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus appeared first on BTC Ethereum Crypto Currency Blog.

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Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator to settle a payments dispute.

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Hut 8 CEO Reflects On Bitcoin Mining Industry’s Turbulent Period: Report

In January 2023, Hut 8 CEO Jaime Leverton discussed the rollercoaster ride of the crypto industry’s growth at the Crypto Summit in Davos. She reflected on the recent shakeout and the impact on Bitcoin mining amidst the turbulence, according to a February 21st report. The Turbulent Year of Bitcoin Mining According to Leverton, the Bitcoin […]

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Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO

Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter.

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Bitcoin (BTC) Mining Difficulty Has Gained New All Time High

Bitcoin (BTC) price increase has brought jouissance to all sectors of crypto market players. The BTC miners are employing a

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Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.

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Bitcoin Hashrate Bounces Back Overall After 39% Drop

Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per

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Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops

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