Mining

Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687  Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing. The mining rigs are “MicroBT ASIC M30S” located in Houston, Texas, with a hashrate ranginf between 84TH/s to 92TH/s. Celsius Mining said it held discussions with […]

Debt-ridden Bitcoin (BTC) miner Argo Blockchain mined 147 BTC in December — 25.75% less than the 198 BTC it mined in November. Argo said that the fall in mined BTC was primarily due to the curtailment of operations in the Texas facility during the arctic blast. Argo’s CEO Peter Wall said: “While our mining results […]

The year 2022 marked the start of a new crypto winter, with major crypto companies collapsing and digital currency prices plummeting, including Bitcoin. In addition, interest rate increases and general economic negativity are causing investors to worry. The fundamentals of Bitcoin remain strong despite all of these. Let’s take a look at some of the […]

Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period, Core Scientific said its self-mining hash rate rose to 15.7 EH/s from 15.4 EH/s. Meanwhile, the miner added that its total […]

Popular BTC proponent Lyn Alden took to Twitter to explain how the Bitcoin (BTC) network will become more efficient with increasing adoption. Alden shared data sourced from Glassnode to indicate that BTC mining revenue grows more slowly than BTC market cap and transaction volume. BTC mining revenue as a percentage of market cap (Source: Glassnode) […]

HIVE Blockchain produced 213.8 Bitcoin (BTC), earned $3.15 million in addition to the produced BTC, and installed 1,423 of its BuzzMiner BTC miners in December 2022, according to the company’s update. HIVE’s Executive Chairman, Frank Holmes, commented on the company’s production in December and said: “We are very happy to be producing over 213 Bitcoin […]

Bitcoin’s (BTC) hash rate surged 17% to an all-time high of 361.28EH/s on Jan. 6 from around 233 EH/s recorded on the same day — the second biggest one-day increase in the past year. It has since retraced to 269.56 EH/s, as of press time. Source: Glassnode Over the past week, data shows that Foundry USA […]

China-based Bitcoin mining pool, Poolin, registers a record decline in hash rate share to 1% from its all-time high of 18% – a 94% decline, according to data from Glassnode. Source: Glassnode Poolin contributed 4354 blocks in the Bitcoin mining pool with a hash rate share of 8.182% if we extend the timeline to a […]

Canadian Bitcoin mining firm, Hut 8 increased its Bitcoin holdings by 161 in December 2022 –  a decline of 32.35% from November’s 238 Bitcoins. Further, Hut 8 mined Bitcoin at an average of 5.2 Bitcoin/day in December – a fall from the November average of 7.9 Bitcoin/day. The firm’s total Bitcoin count on December 31 […]

Stronghold Digital Mining announced on Jan. 3 that it has reached an agreement with its noteholders to restructure $17.9 million of outstanding debt. Notes are like an IOU from a borrower to a lender and constitute an obligation to pay regular interest to the lender in addition to the repayment of the principal at a […]