Genesis mining – DIGIT INFO

Genesis Digital Assets opens three new facilities in South Carolina in US expansion

DIGIT — Tue, 01 Aug 2023 17:45:14 +0000

The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas.

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Bitcoin miner Genesis Digital Assets raises $431M

DIGIT — Wed, 22 Sep 2021 08:14:51 +0000

Genesis Digital previously raised $125 million in an equity funding round led by Kingsway Capital in July 2021.

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No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking

DIGIT — Fri, 13 Aug 2021 22:49:45 +0000

Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit.

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The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

DIGIT — Fri, 19 Mar 2021 22:00:55 +0000

In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home […]

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Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’

DIGIT — Thu, 31 Dec 2020 21:00:23 +0000

China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining, […]

The post Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’ appeared first on Bitcoin News.

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Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden

DIGIT — Sun, 20 Dec 2020 21:00:14 +0000

One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden, and the local Boden municipality. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining to power greenhouse operations. Bitcoin mining is […]

The post Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden appeared first on Bitcoin News.

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Shock survey suggests most investors think Bitcoin won’t top $50K by 2030

DIGIT — Tue, 15 Dec 2020 01:39:18 +0000

A survey from Genesis Mining has found that most Bitcoin investors aren’t expecting a $50,000 BTC price in 2030 — although 3.5% of respondents tipped prices exceeding $500,000.

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Bitcoin Hashrate Drops 30% — A Bullish Sign, Say Insiders

DIGIT — Thu, 14 May 2020 19:49:47 +0000

A 30% drop in hashrate was predicted by industry insiders, who believe it to be bullish for Bitcoin.

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Bitcoin’s Third Halving: Survey Shows 50% of Miners Expect a Price Increase

DIGIT — Fri, 10 Apr 2020 18:24:00 +0000

The block reward halving for BTC is 32 days away and crypto businesses and mining operations are steadily preparing for the event. Today, Bitcoin’s hashrate is hovering just above 100 exahash per second (EH/s) and one year after the 2016 halving, the digital asset’s price and hashrate climbed over 240%. Moreover, a recent poll published […]

The post Bitcoin’s Third Halving: Survey Shows 50% of Miners Expect a Price Increase appeared first on Bitcoin News.

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Genesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New Gold

DIGIT — Sat, 21 Mar 2020 01:00:00 +0000

Philip Salter, head of operations at Genesis Mining, believes thatBitcoin will finally become the new gold in face of economic meltdown

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