CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford.
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JP Morgan: Bitcoin’s 50% Decline in Production Cost Could Further Harm its Price
Strategists at the American multinational investment bank JP Morgan Chase & Co recently revealed that bitcoin’s cost of production has dropped by nearly 50% over the last month. BTC Production…
Kazakhstan’s New Law Imposes Higher Tax Rates on Crypto Miners
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the…
Bitcoin Miners in Texas Halt Operations due to a Severe Heat Wave
Bitcoin mining companies in Texas turned off their machines in anticipation of extreme weather conditions. In some parts of the state, temperatures are expected to surpass 40 degrees (Celsius) which,…
Bitcoin Is Yet to Form a Resilient Bottom: Glassnode
The world’s largest cryptocurrency recorded one of the worst monthly price performances in history in June. This month, too, has been kind to it. The current market structure has many…
Bitcoin miner prices will continue to fall, F2Pool exec predicts
The majority of big crypto mining firms have sold their self-mined Bitcoin, while a few firms like Marathon, Hut 8 and Hive still hold on.
Crypto miners in Texas shut down operations as state experiences extreme heat wave
ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures.
Heatwave Forces Texas Bitcoin Miners to Shut Down
Bitcoin miners are cooperating with Texan authorities to help alleviate the states energy grid in anticipation of a heatwave; over 1,000 megawatts worth of power allocated for Bitcoin mining is...
US dominates crypto ATMs installations and BTC hash rate worldwide
With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan…
Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower
Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash…
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