energy costs – DIGIT INFO

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius […]

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Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners.

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Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.

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Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners

The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to its […]

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