Bitcoin mining CEO eyes hashrate contracts to offset rising costs
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners. Go to Source
Bitcoin Mining
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Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested … Read more
Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for … Read more
President Trump and New York governor propose shift to nuclear energy
According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes. Go to Source
Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million. Go to Source
Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints
Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mine Raided Amid Resident Power Outage Complaints Authorities in Thailand … Read more
Thai authorities raid illegal Bitcoin mine behind local power outages
Thai authorities will address the broader issue of illegal mining and its impact on the country’s energy infrastructure. Go to Source
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market. Go to Source
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities … Read more
Bitfarms acquires Stronghold Digital Mining in $125M deal
As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held. Go to Source