Hut 8 merger would’ve happened even without FTX or crypto turmoil, says CEO
Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter. Go to Source Powered by WPeMatico
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Cloud mining firm BitFuFu postpones merger with SPAC until May
Bitfufu’s plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain. Go to Source Powered by WPeMatico
Lawmakers write to US officials about crypto energy usage information gathering
Elizabeth Warren and seven other Democrats want to know how much the Environmental Protection Agency and Energy Department know about crypto mining energy draws. Go to Source Powered by WPeMatico
Crypto mining firms Hut 8 and US Bitcoin plan merger
The merger, which will create the company ‘New Hut’, is still subject to court and regulatory approval by U.S. and Canadian authorities. Go to Source Powered by WPeMatico
Riot reports 17K miners offline due to Texas weather
The mining firm reported two of the buildings at its Whinstone facility in Rockdale were damaged in December as Texas experienced days of sub-zero temperatures. Go to Source Powered by WPeMatico
Russia Expands Its Crypto Mining Capacity, Report Reveals
The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend. Miners Prepare for Growth as Total … Read more
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened
The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since … Read more
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets The Astana Financial Services Authority, … Read more
Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?
Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers? Go to Source Powered by WPeMatico
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s. Go to Source Powered by WPeMatico