Bitcoin miners seek alternative energy sources to cut costs
The next generation of crypto mining will focus on alternative energy sources for efficiency.
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Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.
CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs
The Bitcoin miner announced the purchase of 20,000 new Antminer S19j Pro+ at a 25% discount, approximately $13.25 per terrahash.
Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.
Iris Energy to nearly triple hash rate with estimated 44,000 new BTC miners
With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.
Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?
Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?
Core Scientific files motion to sell over $6M in Bitmain coupons
Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows.
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently,…
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin…
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.