Bitcoin Mining – Page 4

Efficiency Meets Power: Microbt Launches New Whatsminer Bitcoin Miners in Abu Dhabi

December 10, 2024 by DIGIT

Microbt, the well-known developer of Whatsminer application-specific integrated circuit (ASIC) bitcoin miners, revealed an exciting trio of new mining machines during the Bitcoin MENA Conference in Abu Dhabi. Microbt Ignites Mining Competition With Advanced Whatsminer Machines The fresh lineup, unveiled in a press release shared with theminermag.com, features the air-cooled M60S++, the hydro-cooled M63S++, and … Read more

Bitcoin Mining Companies Raise $5.2 Billion via Convertible Notes

December 10, 2024 by DIGIT

Bitcoin mining companies have collectively raised an impressive $5.2 billion through convertible notes in recent months. Convertible Notes Remain a Key Funding Vehicle for Bitcoin Miners Bitcoin mining companies have turned to convertible notes in a bid to raise funding to acquire bitcoin and improve mining facilities. A report by The Minermag showed that since … Read more

Eric Trump predicts Bitcoin will hit $1 million, praises scarcity

December 10, 2024 by DIGIT

Eric Trump predicted governments and institutions will adopt Bitcoin, highlighting that the early movers are set to win. Go to Source

From Energy Efficiency to Profitability: The Machines That Rule Bitcoin Mining

December 9, 2024 by DIGIT

With bitcoin prices trending higher compared to the previous month, miners are basking in the glow of increased earnings from block rewards. As 2025 draws nearer, it’s worth exploring the leading application-specific integrated circuit (ASIC) bitcoin miners available today and anticipating the new releases slated for next year. Hashing Powerhouses Bitcoin mining has undergone a … Read more

Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

December 5, 2024 by DIGIT

Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu … Read more

Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business

December 5, 2024 by DIGIT

Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with more than half of those affected based in the U.S. According to … Read more

Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset

December 5, 2024 by DIGIT

Hut 8 stock surged almost 8% following the announcement of the stock repurchase program. Go to Source

BIT Mining Acquires Ethiopian Data Centers and Mining Machines

December 5, 2024 by DIGIT

BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate … Read more

Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit

December 4, 2024 by DIGIT

Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner. Go to Source

Bitcoin miner Foundry lays off staff amid restructuring

December 3, 2024 by DIGIT

Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning out its self-mining business. Go to Source