mining facilities – DIGIT INFO

Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities

DIGIT — Wed, 11 Sep 2024 21:11:26 +0000

Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate […]

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Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

DIGIT — Fri, 12 May 2023 04:50:09 +0000

A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi to Defy Cooling Challenges […]

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Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

DIGIT — Wed, 05 Apr 2023 01:08:51 +0000

With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.

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Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

DIGIT — Mon, 06 Mar 2023 21:30:41 +0000

Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining […]

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Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

DIGIT — Fri, 17 Feb 2023 12:30:22 +0000

Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency Cleanspark, the publicly listed […]

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Kentucky to scrutinize contracts offering cheaper electricity to miners

DIGIT — Tue, 06 Dec 2022 02:28:27 +0000

An Earthjustice lawyer said the hearings and discovery process would give Kentuckians a good idea what they would be paying for by subsidizing the facilities.

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Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn

DIGIT — Thu, 29 Sep 2022 16:00:51 +0000

While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium revealed it raised $11.9 million, according to a […]

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Working Group to Develop Efficiency Standard for Crypto Mining in Russia

DIGIT — Mon, 19 Sep 2022 09:00:50 +0000

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining Facilities in 2023 A group of crypto specialists have teamed up to […]

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Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

DIGIT — Wed, 23 Feb 2022 06:49:39 +0000

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision […]

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Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

DIGIT — Sun, 09 Jan 2022 16:30:29 +0000

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North […]

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