Mining

The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated debtors as part of the Chapter 11 bankruptcy proceedings on Dec. 27. This order, enacted by Chief Judge Martin Glenn, marks a critical juncture in the restructuring efforts of Celsius as […]

Yesterday’s stock market, Dec. 27, reflected a surge in investor interest in Bitcoin-related stocks ahead of potential ETF approvals. Bitcoin mining companies’ stocks soared, outstripping the cryptocurrency’s gains amidst anticipating an imminent spot Bitcoin ETF approval. Marathon (MARA) led the charge as trading volumes swelled, surpassing even Tesla’s activity on the trading floor. Per Yahoo […]

The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry as miners prepare for the […]

Bitcoin (BTC) miner Hut 8 said it signed an interim agreement to build and install mining operations for bankrupt crypto lender Celsius in Cedarvale, Texas, according to a Dec. 18 statement. The proposed mining site will house around 66,000 miners and will be powered by more than 215 megawatts (MW) of energy. Under the agreement, […]

CryptoSlate’s research analyst, James Van Straten, recently sat down with Bitfarms’ Chief Mining Officer, Ben Gagnon, to discuss the evolving landscape of Bitcoin mining, revealing some interesting thoughts on Bitcoin mining in China, along with detailed insights into global miner revenues. Bitcoin and crypto going into 2024. Gagnon shed light on the forthcoming Bitcoin halving […]

The Russian Ministry of Finance has proposed allowing crypto miners to export their crypto akin to other commodities, local media outlet RBC reported. During a round table discussion titled “Cryptocurrency and the Future of Digital Finance,” Ivan Chebeskov, the Deputy Finance Minister, unveiled this proposal. He highlighted the intention to create legislation mirroring the export […]

The role of Bitcoin miners goes beyond block validation — they are fundamental in shaping the market through their BTC balances. Historically, these balances have been closely tied to Bitcoin’s price movements, making them a key metric for market analysis. Bitcoin’s recent surge past the $40,000 mark was met with significant action from miners. At […]

Bitcoin (BTC) miner Phoenix Group secured a $380 million hardware deal from Whatsminer less than two days after its stock debuted on the Abu Dhabi Securities Exchange (ADX). In a Dec. 7 statement, the miner stated it would take immediate delivery of $136 million worth of mining equipment, with an additional option worth $246 million. […]

Bitcoin Core version 26.0 was released yesterday, Dec. 6, and 1% of Bitcoin nodes have been upgraded within the first 24 hours. This latest update to the primary software used to interact with the Bitcoin network introduces key enhancements aimed at improving security and network performance. Bitcoin Core, often likened to the operating system for […]

Middle East-based Bitcoin (BTC) miner Phoenix Group became the first crypto-related firm to go public on the Abu Dhabi Securities Exchange (ADX) today, Dec. 5, according to a post on social media platform X (formerly Twitter). The miner was initially scheduled to go public on Dec. 4 but shifted its debut to today after the […]