Riot Platforms says Texas energy strategy reduced production costs by $31M
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs.
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This is Why Marathon Digital Mined Less Bitcoins in August
Bitcoin mining company Marathon Digital Holdings announced producing 1,072 BTC in August, which represented a drop of 9% from the previous month due to extreme weather conditions in Texas. Despite…
Bitcoin Miner Canaan’s Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: Report
Nasdaq-listed Bitcoin mining firm Canaan’s total revenue increased to $73.9 million in Q2 2023, marking a quarter-on-quarter climb from $55.2 million. This figure comprised $57.9 million in product revenue and…
Argo Blockchain Reduces Debt and Overall Costs, Revenue Takes a Hit (Report)
The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at…
Stronghold’s Idea to Burn Tires to Mine Bitcoin Triggers Uproar in the US: Report
One of the leading cryptocurrency mining companies – Stronghold Digital Mining – is reportedly planning to use tire-derived fuel (made of shredded vehicle tires) in its operations in the state…
Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases
Cambridge researchers revise the widely cited index in response to evidence indicating periodic overestimation of Bitcoin mining’s electricity consumption.
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.
Lower Volatility Means More Time Needed for BTC to Recover Following the Crash to $25K: Bitfinex
The latest edition of the weekly report from crypto exchange Bitfinex has revealed that Bitcoin’s mining difficulty reached a new peak as BTC hovered around the $26,000 price level. The…
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving.
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