Bit Mining raises $50M to take operations out of China
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. Go to Source Powered by WPeMatico
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The9 signs green Bitcoin mining deal with Russian firm BitRiver
BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries. Go to Source Powered by WPeMatico
Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. Go to Source Powered by WPeMatico
Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus
Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot to keep growing. The company plans to continue increasing its … Read more
123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid
On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money … Read more
US crypto community overtaking Asia, says Mike Novogratz
“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated. Go to Source Powered by WPeMatico
US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain
Gryphon has doled out $48 million to buy Bitmain’s latest Bitcoin mining hardware set for release in the summer. Go to Source Powered by WPeMatico
Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid
An historic renewable energy facility in New York has tripled its profits by mining Bitcoin. Go to Source Powered by WPeMatico
Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. Go to Source Powered by WPeMatico
Licensed Iranian crypto miners ordered to halt production ‘altogether’
Even Iran’s Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country’s power grid. Go to Source Powered by WPeMatico