Auto Added by WPeMatico

National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation

The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register…

Continue ReadingNational Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation

Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just…

Continue ReadingBitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

Kaspa and Alephium Mining Gain Traction as Bitcoin’s Hashprice Remains Low 

While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly…

Continue ReadingKaspa and Alephium Mining Gain Traction as Bitcoin’s Hashprice Remains Low 

7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by…

Continue Reading7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by…

Continue ReadingBitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud…

Continue ReadingBit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid

Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17,…

Continue ReadingHashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield

Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug.…

Continue ReadingBitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield

Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining

The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a…

Continue ReadingParaguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining