Mining

Ad Bitcoin (BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available for use despite the closure of the bank. In a March 13  statement, the BTC said $142 million in cash deposits at the bank and has access to the funds for treasury purposes. Besides that, Marathon said it […]

Ad Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over. Hashprice measures the market value for each unit of hashing power. BTC’s price determines Hashprice’s value alongside the network difficulty and transaction fees. With BTC’s network difficulty […]

U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposing a “digital asset mining energy excise tax” in one line of its summary tables. The addition is projected to decrease the country’s deficit by $74 million in 2024, $1.38 […]

Ad Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. According to Yahoo Finance data, the miner’s shares declined 8.78% to $1.35 after the announcement. Bitcoin production increased by 28% Hut 8’s BTC production rose 28% […]

Silvergate Bank Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, based in La Jolla, California. More about Silvergate Info Twitter LinkedIn

Ad Miners that use sustainable energy sources accounted for 91.3% of Bitcoin (BTC) mining during the first two months of the year, according to data shared by Climate Tech Vice President Daniel Batten. Batten noted that Marathon Digital migrated around 300 Megawatts from thermal power to wind power in January, which made a significant contribution […]

Ad In a March 7 Senate hearing committee on cryptocurrency and the environment, Senator Cynthia Lummis (R – Wyoming) emphasized that energy efficiency standards must not be utilized to target particular energy use cases like crypto mining. During the committee, evidence was presented by both sides on how the crypto-asset industry impacts the environment. Witnesses […]

Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United States Securities and Exchange Commission on March 7. Canaan revenues fall The quarterly dip was precipitated by a 14% drop for the year. In Q4 […]

Ad Jack Dorsey’s Block, Inc. has announced that it is seeking input on an ongoing Bitcoin mining project, as seen in a blog post from the company on March 7. Block Inc. announces MDK Naoise Irwin, Senior Product Lead of Mining Hardware, said that Block is planning to produce a mining development kit (MDK). This […]

Ad The U.S. state of Missouri passed the “Digital Asset Mining Protection Act” on March 7 to protect the rights of crypto miners. The bill won’t allow state and political subdivisions to halt crypto mining nodes’ work. The bill summary stated: “The “Digital Asset Mining Protection Act” “precludes the state and political subdivisions from prohibiting […]