Mining

Certain Bitcoin investors are selling while they can after the primary cryptocurrency reclaimed $23,000 earlier this month, according to Glassnode.  The blockchain intelligence provider’s latest report reviews recent on-chain behavioral patterns exhibited by both short and long-term holders.  Exiting While They Can The newsletter, posted on Monday, begins by examining Bitcoin’s price, which have reclaimed “multiple on-chain pricing models.”  One model includes the investor...

Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin mining services. This fundraising round was led by Kingsway Capital, a UK-based private equity fund, and included participation from other investors such as Fulgur Ventures and Cohen & Company Capital Markets. This is the first fundraising for Blockstream since its 2021 Series B round, where the company raised $210...

Not long ago, the state of New York imposed a moratorium on crypto mining, thus barring any firms that did not fully rely on clean energy from entering its borders and setting up shop. Initially, the ban was set to last a total of two years, though now, local legislators are considering extending the ban. The New York Crypto Moratorium Could Be Extended A town board meeting has been put on the calendar regarding the moratorium in the region of Massena. Town supervisor...

Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC).  The industry also grew marginally greener, retaining a sustainable energy mix of over 58%. Bitcoin is Green, Says BMC In a press release on Thursday, the BMC confirmed that its members’ hashrate has increased from 95 exahashes from its inception in Q1 2022 to 119 exahashes by...

Bitcoin mining company – CleanSpark – has started the construction of the second phase on a site in Washington, Georgia, that is set to accommodate 16,000 miners. This move is expected to increase its hash rate total to as high as 8.7 EH/s, thereby contributing an additional 2.2 EH/s. In the new phase, the mining machine fleet will include – Antminer S19j Pro and Antminer S19 XP – which are considered to be the latest and most power-efficient models of such machines currently...

Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company that falls victim to the ongoing bear conditions of the crypto arena. Argo Blockchain Won’t Have to File Bankruptcy Argo has agreed to sell its bitcoin mining facility (called Helios) for $65 million to Galaxy Digital, the hedge fund managed by Mike Novogratz, a billionaire...

Warum ein schwäbischer Mittelständler auf Bitcoin setzt Einziemlich gelunger Beitrag der Abendschau zum Thema grünes Bitcoin Mining: Wie ein schwäbischer Familienunternehmer Bitcoins nutzt und damit sogar das Stromnetz stabilisieren will. Abwärme nutzen Kristian Kläger nutzt überflüssigen Strom: Der 36-Jährige will die Rechner vor allem dann laufen lassen, wenn genug Strom vorhanden ist. Und Abwärme ist für ihn nicht einfach...

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It’s happened again, folks. Another crypto hack is in the books. This time, the victim is alleged to be BTC.com, one of the biggest crypto mining pools in the world. BTC.com Hacked; A Lot of Money Gone The mining pool is believed to have lost as much as $3 million at the time of writing, which on paper, doesn’t appear as big as some of the other major hacks and scams that have occurred within the confines of the crypto space in recent years. However, it’s still another...