Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
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Riot Blockchain Mined 28% Less Bitcoin in July Due to Massive Heat Waves
One of the leading bitcoin mining companies – Riot Blockchain – mined 318 BTC in July – a 28% production decrease compared to June’s figures. The main reason for the…
Bitcoin’s Mining Difficulty Rises for the First Time in 57 Days, BTC Hashrate Slipped 1.7% Lower in Q2
The mining difficulty tied to the Bitcoin network increased for the first time in 57 days, rising 1.74% higher than the last two weeks. Meanwhile, Bitcoin’s hashrate has been below…
Riot Blockchain’s Bitcoin mining productivity dropped 28% YOY amid record Texas heat
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay.
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation.…
Bitcoin Miners’ Balance Hits 4-Year High: Glassnode
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021…
Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry
On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining…
Core Scientific to increase ASIC server capacity by 75 MW
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational.
Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
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