Category: Hut8
Auto Added by WPeMatico
Hut8 relocates 6,400 rigs, sees growth in AI and high-performance computing
Bitcoin mining firm Hut8 continues to relocate miners from its idle North Bay site, with increasing demand for AI and high-power computing.
Powered by WPeMatico
100%: Public Bitcoin miners sold almost everything they mined in 2022
Public Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again in what some hope is a bullish signal.
Powered by WPeMatico
Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner
Powered by WPeMatico
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
Powered by WPeMatico
Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021
One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%.
Powered by WPeMatico
Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B
While bitcoin’s value has captured new all-time price highs, a number of publicly listed bitcoin mining operations have seen significant profits. The U.S.-based firm Riot Blockchain’s market valuation recently obtained a $1 billion capitalization. Meanwhile, a number of other bitcoin mining business operations have seen colossal demand for company shares. Riot Blockchain, Inc. (Nasdaq: RIOT) […]
The post Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B appeared first on Bitcoin News.
Powered by WPeMatico
Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last […]
The post Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners are finding it difficult to obtain next-generation application-specific […]
The post Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage appeared first on Bitcoin News.
Powered by WPeMatico
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million. Marathon Patent Group wants to be the largest bitcoin mine in the United States […]
The post Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M appeared first on Bitcoin News.
Powered by WPeMatico