Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy. Go to Source
Bitcoin Mining
Auto Added by WPeMatico
Closure of Bitcoin Mining Center Causes Spike in Power Bills for Citizens in Norwegian Municipality
The recent closure of a Bitcoin data center in the Norwegian municipality of Hadsel has resulted in power hikes for citizens due to the inability to allocate the energy used by the operation to other purposes. While citizens and Hadsel’s mayor celebrated this development because of the noise emitted by the site, they now face … Read more
Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold
According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024. Go to Source
Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate … Read more
CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure’s facilities there. Go to Source
State Street, Galaxy launch 3 new crypto ETFs
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies, and futures. Go to Source
Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility
Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional … Read more
Japanese power giant TEPCO explores ‘green’ Bitcoin mining: Report
The company aims to prevent wasted renewable energy through curtailment and promote the widespread use of Bitcoin mining. Go to Source
Tokyo Electric Power Company’s Subsidiary Mines Bitcoin With Surplus Energy
According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and … Read more
Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes Another Hashrate Record, Climbing 66 EH/s in a Week On Sunday, Sept. 8, 2024, Bitcoin’s … Read more
