Hut 8 Secures Major Power Contracts in Canada
Hut 8 Corp announced on July 2 that its subsidiary, Far North Power Corp, has secured five-year capacity contracts with the Ontario Independent Electricity System Operator (IESO). Hut 8 Joint…
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Bitcoin Hashprice Nears 5-Month High After Record Difficulty Drop Since China Ban
Bitcoin’s hashprice has surged to its highest level since early February, rising above $58.5/PH/s following a 7.4% decline in network difficulty—the steepest drop since the aftermath of China’s 2021 mining…
Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds
Bitcoin miners are earning the least they have in a year, yet most still largely refuse to part with their coins, according to a new report from Cryptoquant researchers. Cryptoquant…
Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
Cango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its total installed hashrate to 50 EH/s. This article…
HIVE Acquires 7.2MW Toronto Data Center to Expand AI Infrastructure
This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. HIVE Digital has signed an…
Russia Predicted to Emerge as the Second Global Bitcoin Mining Power
The bitcoin mining industry in Russia has the opportunity to rise and secure the second spot in bitcoin hashrate, according to GIS Mining’s Vasily Girya. Even with the recent restrictions,…
From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining
The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining…
Bitcoin’s Hashrate Nosedives After Weekend High—Miners Feel the Squeeze
After attaining a peak of 946 exahash per second (EH/s), Bitcoin’s computational power has since receded beneath the 900 EH/s threshold, with corresponding mining profitability exhibiting a similar decline. Mining…
France Rejects Bitcoin Mining Proposal
The French National Assembly has decided not to discuss the subject of bitcoin mining as a possible destination for the French energy surplus. The recently introduced amendment was rejected on…
Bitcoin Miner Bitdeer Aims to Secure $330M via Convertible Notes for Expansion
Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced…
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