Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil

Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With BrazilThe Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that sell energy to Brazil for 25% of the fees collected for mining activities, calling to direct this energy to 20 new contracts […]

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A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

A Single Custodian Oversees Nearly Half of Bitcoin's Block RewardsOnchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance Pool, and Braiins are being funneled to this particular custodian. Onchain Data Reveals Single […]

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Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth HalvingAs we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves as the event draws close. With Halving on Horizon, […]

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Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal […]

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Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws CloserBitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the fourth halving event nears, with fewer than 1,250 blocks remaining until block 840,000 is mined. Block 838,656 Marks […]

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Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig ProductionOn April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion The California-headquartered bitcoin mining equipment manufacturer Auradine, known […]

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Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Miners Offload Bitcoin in Anticipation of Reward Halving, Says CryptoquantData from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter (OTC) trading desks, a figure unmatched since the summer of 2023. Record Sales to OTC Desks Mark Bitcoin Miners’ […]

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Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage

Bitcoin's Path to Halving — Anticipated Increase in Difficulty Sets StageBased on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face […]

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Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment ProductionAccording to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining […]

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Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations

Paraguayan Lawmakers Introduce Bill Temporarily Suspending Bitcoin Mining Operations Amidst Energy CrisisA group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining […]

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