Tag Archives: Bitcoin Mining

On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees. According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023. Bitcoin Miner Selling Pressure Remains Low Bitcoin miner selling pressure has stayed low in...

Bitcoin mining company Hut 8 has announced a leadership transition roughly three weeks after an activist short-selling firm published a report containing allegations against the miner’s management practices and finances. According to an official release, former CEO Jaime Leverton will be immediately succeeded by Asher Genoot, who has served as Hut 8’s president since November 2023. Hut 8 Announces New Chief Executive Genoot co-founded Bitcoin miner U.S. Bitcoin Corp (USBTC)...

Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the decrease in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. Argo Blockchain Shares Dip According to the London Stock Exchange, Argo Blockchain’s shares are down by 7.81% to 14.75 pence each in London...

Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to a recent analysis by the U.S. Energy Information Administration, Bitcoin miners in the United States alone use as much...

The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency miners to disclose data related to how much electricity they consume. The so-called “Emergency Survey” marks another attempt by the U.S. government to curb the negative excesses of Bitcoin mining, which Democrats have widely criticized for polluting the environment. The Emergency Bitcoin Mining Survey The Energy Information Administration (EIA) will begin its survey next week,...

Before the green light for spot Bitcoin exchange-traded funds (ETFs), the crypto sphere anticipated a bullish surge. Even with the leading asset surpassing the $49,000 mark after the US Securities and Exchange Commission’s (SEC) green signal for 11 spot BTC ETFs, prices took a downturn following the trading debut of eight of them. Hovering below $43,000, Bitcoin appears to have been trapped within a tight trading range for more than two weeks now. As such, miners resorted to...

In den letzten Jahren hat die Diskussion um Bitcoin und seine Auswirkungen auf die Umwelt an Intensität gewonnen. Einer der Hauptkritikpunkte ist der hohe Energieverbrauch, der mit dem Bitcoin-Mining verbunden ist. Doch es gibt eine zunehmende Anzahl von Experten und Studien, die darauf hinweisen, dass Bitcoin-Mining tatsächlich dazu beitragen könnte, den Ausbau erneuerbarer Energien zu beschleunigen. Bitcoin-Mining ist ein energieintensiver Prozess, bei dem Computer...

Bitcoin miner Core Scientific has completed its reorganization and is coming out of Chapter 11 with an improved financial position. In the latest statement, the company said it anticipates initiating the listing of its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting from January 24, 2024. Core Scientific Emerges From Chapter 11 According to the official press release,...

The Bitcoin hashrate has experienced a 25% drop since the weekend, raising concerns about the security of the network just ahead of the highly anticipated “halving” event. Data sourced from BTC.com reveals a decline in global hashrate estimates from approximately 600 EH/s on Friday to 450 EH/s by Tuesday. Texas Cold Weather Affects Bitcoin Hashrate The Bitcoin hashrate drop coincided with a weather warning issued by the Electric Reliability Council of Texas (ERCOT) for...

Core Scientific, a provider of blockchain computing data centers and software solutions, announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Chapter 11 plan of reorganization. With the Bankruptcy Court’s approval, Core Scientific is now set to emerge and re-list on the Nasdaq by the end of January 2024. Exiting Bankruptcy Under the terms of the plan, shareholders, as of the expected record date of January 23, 2024, will be...