Mining

San Francisco-based Bitcoin mining company Layer1 Technologies has been hit with a lawsuit by its own CEO John Harney and investment firm, DGF Investments.  The complaint accuses Layer1’s founder Jakov Dolic and board member Tobias Ebel of exploiting an alleged state of corporate paralysis at the Swiss private equity firm Enigma Holding (Layer1’s parent company) […]

Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 2 days ago

Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison metrics to evaluate miners’ profitability. While both metrics agree that things are going swimmingly for […]

Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific said the transferred machines are “no longer necessary” for its “current operations and future business plans.” It added that the “principal of […]

U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report. Marathon’s January production marks a 45% increase from December 2022’s 475 BTC, according to the January report. Marathon’s CEO Fred Thiel acknowledged the increase in production and said the firm would continue to sell […]

Cryptocurrencies, such as Bitcoin (BTC), have been gaining popularity in recent years as a means of digital exchange. However, the environmental impact of Bitcoin mining and other cryptocurrencies has become a growing concern. In this story, the environmental impact of Bitcoin and other cryptocurrencies will be explored, including the energy consumption of mining and the […]

Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the several companies that had a difficult 2022 due to the challenging market conditions. “Greenidge ended the quarter with approximately $16 […]

BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported  Jan. 30. Bloomberg cited statements made by BlockFi representatives during a video hearing today.The company’s lawyer, Francis Petrie, said: “We’ve received substantial interest in the market for bidding purposes and current volatility in the cryptocurrency market, which means we need […]

‘s difficulty has risen by 4.68% in the second largest positive adjustment in a year to reach a new all-time high. The blockchain’s difficulty is set automatically within Bitcoin’s core code based on mining activity on the network. The below chart illustrates the most significant adjustments, both positive (green) and negative (red.) Over the past […]

Argo Blockchain investors have filed a lawsuit alleging that the crypto miner made misleading statements and concealed important information during its initial public offering (IPO) filing. The Texas-based Bitcoin mining firm went public on Sept. 23, 2021, after submitting the required documents to the U.S. Securities and Exchange Commission (SEC). During its IPO, Argo issued […]