Auto Added by WPeMatico

Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal

On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility…

Continue ReadingBitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal

Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is…

Continue ReadingBiden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment…

Continue ReadingLatam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment…

Continue ReadingBitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period…

Continue ReadingBitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners

According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI).…

Continue ReadingBitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners

Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss…

Continue ReadingCore Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge