Bitcoin maintains price resilience despite increased miner selling

As the facilitators of the network’s security and transaction verification process, Bitcoin miners significantly influence the supply of BTC in the market. This is why no market analysis can be complete without analyzing the changes in miners’ balances and activity. Firstly, changes in miner balance and activity provide insight into the sector’s economic health and… Continue reading Bitcoin maintains price resilience despite increased miner selling

Bill Ackman sparks broad discussion on Bitcoin’s energy use

Bill Ackman, a well-regarded investor and CEO of Pershing Square Capital Management, outlined a hypothetical scenario that has sparked intense debate among crypto enthusiasts, economists, and environmentalists. Ackman’s comments touched on several critical issues, including the sustainability of Bitcoin mining, its implications for global energy consumption, and the broader economic consequences of a rising reliance… Continue reading Bill Ackman sparks broad discussion on Bitcoin’s energy use

Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin miners earn windfall income amid the price rally.

Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant , the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total… Continue reading Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Compute North Raises $25 Million To Expand Bitcoin Mining Operations

Compute North, one of the fastest-growing bitcoin mining companies in North America, has announced the close of a growth capital round that netted $25 million in debt financing and equity, which it will use to expand its operations in light of ongoing demand for its data and colocation services. The debt capital was raised as… Continue reading Compute North Raises $25 Million To Expand Bitcoin Mining Operations

Crypto Mining Farm Spotted Using High-End Gaming Laptops: Report

Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.

Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms.

Mystery Entity Just Set up 20K Bitcoin Miners in Siberia: Report

A shipment of devices said to be worth up to $60 million was set up in the city of Bratsk and set to mining bitcoin.

Argo Blockchain Plans New Bitcoin Mining Facility in Texas

Argo said the new Texas facility will have access to up to 800 megawatts of cheap, renewable energy.

Russia has imported its largest Bitcoin miner batch

An unknown client in Russia has stacked 20,000 Bitcoin miners at one of BitRiver’s locations in Siberia.