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Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit

In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin…

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Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline

In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin…

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Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million

Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $97.4 million by the end of July 2024. The addition…

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Hut 8 Unveils BTC-Funded 62 MW Texas Facility for Mining Efficiency Boost

On Tuesday, the publicly-listed bitcoin mining company Hut 8 revealed it has initiated construction of its new mining facility in Culberson County, Texas, with plans to have it operational by…

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Potential Reprieve for Bitcoin Miners With Upcoming Difficulty Adjustment Following Record Hike

Bitcoin miners are set for a potential reprieve in three days, with the difficulty anticipated to decrease on Feb. 29. This follows the year’s most significant difficulty escalation of 8.24%,…

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Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report

In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases…

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Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation

Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put…

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Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court

The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct…

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Bitcoin Miners Move 700,000 BTC to OTC Desks in 3 Weeks, Here’s What it Means

Over the past three weeks, around 700,000 BTC have been transferred to over-the-counter (OTC) desks that are commonly used by miners, according to CryptoQuant CEO Ki Young Ju. Notably, activity…

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