Tag Archives: whinstone

Riot Blockchain – arguably one of the largest and most well-known bitcoin and crypto mining firms out there – is set to acquire Whinstone US, Inc. for approximately $80 million. Through the acquisition, Riot gains access to several of the company’s stock shares, as well as additional assets and operations. In all, the total value of the acquisition is said to be more than $650 million. Riot Blockchain Just Bought Whinstone One of the most significant points of the move...

The world’s largest bitcoin mining facility has recently opened in Rockdale, Texas. The operation is owned by Germany-based Whinstone Inc., which will rent out the facility to both SBI Holdings Inc. and Japan-based GMO Internet Inc. Both will work to extract new bitcoins using Whinstone’s equipment and Texas location.Whinstone Is Becoming the Primary Mining CompanyBitcoin mining has been a big deal as of late. While always a main staple of the industry, two large events have occurred in the...

The Japanese financial giant SBI Holdings Inc. and internet corporation GMO Internet Group will mine the number one crypto. To mine Bitcoin, SBI and GMO will rent capacity of the world’s leading mining farm based in Rockdale, Texas. As Bloomberg has reported, the companies have agreed with Whinstone Inc., a subsidiary of Frankfurt-based Northern Bitcoin AG. Neither SBI nor GMO has commented on the announcement yet, but those familiar with the matter said that mining begins ‘within the coming...

In recent months, Bitcoin price has slowly descended from the 2019 high of $13,880 to the current levels of just above $8,130. This plunge is beginning to put weak miners out of business. In the past week, Bitcoin’s mining difficulty plunged 7% abruptly. That drop enabled miners to easily solve algorithms and mine blocks.That development means that the weak miners and those that encounter high operating costs are constantly going out of business. The new move does not go well with the bitcoin...