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Ad With its vast renewable energy resources, Iceland has emerged as a prominent destination for Bitcoin mining. However, according to new research by one of the industry’s leading watchdogs, the country has maxed out at around 120 MW of energy for Bitcoin mining, which makes up around 1.3% of the global Bitcoin hash rate. What […]
Ad Amidst the rapid evolution of the high-tech and ever-evolving landscape of Bitcoin mining, an intriguing discovery has emerged from one of the industry’s leading Bitcoin energy researchers. According to Daniel Batten, author of the Cambridge Bitcoin Electricity Consumption Index (CBECI), three exclusions mentioned on its website have understated Bitcoin’s sustainable energy percentage by 13.6%. (Source: […]
Ad MicroStrategy, led by Michael Saylor, disclosed in an SEC filing that it has raised $46.6 million through the sale of shares since September 2022, when it entered into an agreement with underwriter Cowen and Co.for the sale of up to $500 million in common stock. The company has updated its “use of proceeds” statement […]
Ad Crypto mining firm HIVE Blockchain plans to delay filing its financial statement till Feb. 28 due to unforeseen tax notices issued to one of its European subsidiaries. HIVE Blockchain was due to submit its 2022 interim financial statements on Feb. 14, 2023. However, it announced on Feb. 15 that one of its subsidiaries received […]
Ad Iris Energy Limited, a leading operator of institutional-grade Bitcoin mining data centers powered by 100% renewable energy, said Feb. 13 that it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s. This increase is due to the successful utilization of remaining Bitmain prepayments of $67 million, which allowed the company to acquire […]
Ad Lawmakers from the Mississippi Senate have passed a legislative bill to legalize Bitcoin mining in the state and protect miners from discrimination. The Mississippi digital asset mining bill was introduced to the house by Senator Josh Harkins. The lawmaker explained that the mining sector has the potential to stabilize the power grid and provide […]
Crypto miner Bitfarms has settled a $21 million debt owed to bankrupt crypto lender BlockFi with a one-time cash payment of $7.75 million, according to a Feb. 9 press statement. Bitfarm agreed with BlockFi to restructure the debt and pay off the outstanding principal and interest in one transaction. The original loan is a $32 […]
Ad The Russian government announced on Feb. 8 that it would start providing direct financial support to a cryptocurrency mining operation set to launch in Siberia later this year. According to Russian media, The Bitriver-B company will manage and operate the facility with 30,000 crypto-mining machines. It will employ 100 workers and run on 100 […]
Argo Blockchain mined 168 Bitcoin (BTC) during January — collecting roughly $3.42 million in mining revenue, according to the company’s January Operational Update. Argo’s performance in January reflects a 14% increase from 147 BTC mined in December 2022, according to the update. Argo was amongst the mining companies that were heavily affected by the winter […]
Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on Feb. 7. Combined company will have six sites The merger will combine two of Hut 8’s sites in Canada with all four of US Bitcoin’s sites in the US. The combined firm will […]
